================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------
FORM N-CSR/A
-----------------
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-6067
-----------------
DIMENSIONAL INVESTMENT GROUP INC.
(Exact name of registrant as specified in charter)
-----------------
6300 Bee Cave Road, Building One, Austin, TX 78746
(Address of principal executive offices) (Zip code)
-----------------
Catherine L. Newell, Esquire, President and General Counsel
Dimensional Investment Group Inc.,
6300 Bee Cave Road, Building One, Austin, TX 78746
(Name and address of agent for service)
-----------------
Registrant's telephone number, including area code: 512-306-7400
Date of fiscal year end: October 31
Date of reporting period: November 1, 2017 - April 30, 2018
-----------------
Explanatory Note: This Form N-CSR/A for Dimensional Investment Group Inc. (the
"Registrant") is being filed solely to revise the semi-annual report for the
DFA Two-Year Fixed Income Portfolio (the "Portfolio") within Item 1 "Reports to
Stockholders" to reflect revisions to the Portfolio's portfolio holdings table
in the "Disclosure of Portfolio Holdings" section of the report. This Form
N-CSR/A also updates Item 11 "Controls and Procedures" and Item 13 "Exhibits."
Other than the aforementioned amendments, no other information or disclosures
contained in the Registrant's Form N-CSR filed on July 5, 2018 are being
amended by this Form N-CSR/A.
================================================================================
ITEM 1. REPORTS TO STOCKHOLDERS.
[LOGO]
Semi-Annual Report
SIX MONTHS ENDED: APRIL 30, 2018 (UNAUDITED)
--------------------------------------------------------------------------------
DFA INVESTMENT DIMENSIONS GROUP INC. / DIMENSIONAL INVESTMENT GROUP INC.
--------------------------------------------------------------------------------
DFA INVESTMENT DIMENSIONS GROUP INC.
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DFA ONE-YEAR FIXED INCOME PORTFOLIO DFA LTIP PORTFOLIO
DFA TWO-YEAR GLOBAL FIXED INCOME DFA INFLATION-PROTECTED SECURITIES
PORTFOLIO PORTFOLIO
DFA SELECTIVELY HEDGED GLOBAL FIXED DFA SHORT-DURATION REAL RETURN
INCOME PORTFOLIO PORTFOLIO
DFA FIVE-YEAR GLOBAL FIXED INCOME DFA MUNICIPAL REAL RETURN PORTFOLIO
PORTFOLIO DFA CALIFORNIA MUNICIPAL REAL RETURN
DFA WORLD EX U.S. GOVERNMENT FIXED PORTFOLIO
INCOME PORTFOLIO DFA MUNICIPAL BOND PORTFOLIO
DFA SHORT-TERM GOVERNMENT PORTFOLIO DFA SHORT-TERM MUNICIPAL BOND
DFA INTERMEDIATE GOVERNMENT FIXED PORTFOLIO
INCOME PORTFOLIO DFA INTERMEDIATE-TERM MUNICIPAL BOND
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
PORTFOLIO DFA CALIFORNIA SHORT-TERM MUNICIPAL
DFA INTERMEDIATE-TERM EXTENDED BOND PORTFOLIO
QUALITY PORTFOLIO DFA CALIFORNIA INTERMEDIATE-TERM
DFA TARGETED CREDIT PORTFOLIO MUNICIPAL BOND PORTFOLIO
DFA GLOBAL CORE PLUS FIXED INCOME DFA NY MUNICIPAL BOND PORTFOLIO
PORTFOLIO DFA MN MUNICIPAL BOND PORTFOLIO
DFA INVESTMENT GRADE PORTFOLIO
DFA DIVERSIFIED FIXED INCOME PORTFOLIO
DIMENSIONAL INVESTMENT GROUP INC.
--------------------------------------------------------------------------------
DFA TWO-YEAR FIXED INCOME PORTFOLIO DFA TWO-YEAR GOVERNMENT PORTFOLIO
[LOGO]
June 2018
Dear Fellow Shareholder,
Sound investment solutions based on financial science are at the heart of
Dimensional. Just as important is our commitment to serving our clients. We
take great pride in the many longstanding clients we have had the honor of
working with over the last four decades.
Delivering great investment experiences informs everything we do, from the
design of our strategies to the ways that we explain our approach and set
expectations. We place tremendous value on helping our clients understand what
they can expect from us. By being transparent about what we can deliver, and
following through with robust investment strategies, we help clients achieve
their financial goals.
David Booth, our founder, often speaks of his satisfaction and joy in helping
change the investor landscape for the better. We share this passion and, on
behalf of everyone at Dimensional, we thank you for trusting us with your
investments.
Sincerely,
/s/ David P. Butler /s/ Gerard O'Reilly
David Butler Gerard O'Reilly
Co-Chief Executive Officer Co-Chief Executive Officer and Chief
Investment Officer
DFA INVESTMENT DIMENSIONS GROUP INC.
SEMI-ANNUAL REPORT
(UNAUDITED)
TABLE OF CONTENTS
PAGE
------
LETTER TO SHAREHOLDERS
DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES........................... 1
DFA INVESTMENT DIMENSIONS GROUP INC.
Disclosure of Fund Expenses....................................... 3
Disclosure of Portfolio Holdings.................................. 8
Schedules of Investments
DFA One-Year Fixed Income Portfolio........................... 10
DFA Two-Year Global Fixed Income Portfolio.................... 15
DFA Selectively Hedged Global Fixed Income Portfolio.......... 21
DFA Five-Year Global Fixed Income Portfolio................... 28
DFA World ex U.S. Government Fixed Income Portfolio........... 37
DFA Short-Term Government Portfolio........................... 40
DFA Intermediate Government Fixed Income Portfolio............ 42
DFA Short-Term Extended Quality Portfolio..................... 44
DFA Intermediate-Term Extended Quality Portfolio.............. 54
DFA Targeted Credit Portfolio................................. 61
DFA Global Core Plus Fixed Income Portfolio................... 70
DFA Investment Grade Portfolio................................ 86
DFA Diversified Fixed Income Portfolio........................ 101
DFA LTIP Portfolio............................................ 102
DFA Inflation-Protected Securities Portfolio.................. 103
DFA Short-Duration Real Return Portfolio...................... 104
DFA Municipal Real Return Portfolio........................... 114
DFA California Municipal Real Return Portfolio................ 124
DFA Municipal Bond Portfolio.................................. 128
DFA Short-Term Municipal Bond Portfolio....................... 138
DFA Intermediate-Term Municipal Bond Portfolio................ 149
DFA California Short-Term Municipal Bond Portfolio............ 162
DFA California Intermediate-Term Municipal Bond Portfolio..... 170
DFA NY Municipal Bond Portfolio............................... 179
DFA MN Municipal Bond Portfolio............................... 183
Statements of Assets and Liabilities.............................. 186
Statements of Operations.......................................... 193
Statements of Changes in Net Assets............................... 200
Financial Highlights.............................................. 207
Notes to Financial Statements..................................... 220
Section 19(a) Notice.............................................. 245
DIMENSIONAL INVESTMENT GROUP INC.
Disclosure of Fund Expenses....................................... 246
Disclosure of Portfolio Holdings.................................. 247
Schedules of Investments
DFA Two-Year Fixed Income Portfolio........................... 248
DFA Two-Year Government Portfolio............................. 250
Statements of Assets and Liabilities.............................. 251
Statements of Operations.......................................... 252
Statements of Changes in Net Assets............................... 253
i
TABLE OF CONTENTS
CONTINUED
PAGE
----
Financial Highlights............................ 254
Notes to Financial Statements................... 255
Section 19(a) Notice............................ 261
VOTING PROXIES ON FUND PORTFOLIO SECURITIES........ 262
BOARD APPROVAL OF INVESTMENT MANAGEMENT AGREEMENTS. 263
This report is submitted for the information of the Fund's shareholders. It is
not authorized for distribution to prospective investors unless preceded or
accompanied by an effective prospectus.
ii
DFA INVESTMENT DIMENSIONS GROUP INC.
DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES
SCHEDULES OF INVESTMENTS
------------------------
Investment Abbreviations
AGM Assured Guaranty Municipal Corporation
AMBAC American Municipal Bond Assurance Corporation
ASSURED GTY Assured Guaranty
CP Certificate Participation
CPI Consumer Price Index
ETM Escrowed to Maturity
FGIC Federal Guaranty Insurance Corporation
GO General Obligation
GO OF AUTH General Obligation of Authority
NATL-RE Credit rating enhanced by guaranty or insurance from National Public Finance
Guarantee Corp.
P.L.C. Public Limited Company
PSF-GTD Public School Fund Guarantee
RB Revenue Bond
SA Special Assessment
SCH BD RES FD School Board Resolution Fund
SCH BD GTY School Bond Guaranty
SCSDE South Carolina State Department of Education
SD CRED PROG School District Credit Program
ST AID WITHHLDG State Aid Withholding
AUD Australian Dollars
CAD Canadian Dollars
DKK Danish Krone
EUR Euro
GBP British Pounds
JPY Japanese Yen
NOK Norwegian Krone
SEK Swedish Krona
SGD Singapore Dollars
USD United States Dollars
1
DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES
CONTINUED
Investment Footnotes
+ See Note B to Financial Statements.
# Total or Partial Securities on Loan.
^ Denominated in USD, unless otherwise noted.
@ Security purchased with cash proceeds from Securities on Loan.
(r) The adjustable rate shown is effective as of April 30, 2018.
(currency) Pre-refunded bonds are collateralized by U.S. Government or other eligible securities which are held in
escrow and used to pay principal and interest and retire the bonds at the earliest refunding date
(payment date) and/or whose interest rates vary with changes in a designated base rate (such as the
prime interest rate).
## Rule 144A, Section 4(2), or other security which is restricted as to resale to institutional investors. The
Fund's Advisor has deemed this security to be liquid based upon procedures approved by the Board of
Trustees.
^^^ Face Amount of security is not adjusted for inflation.
++ Security pledged as collateral for Swap Agreements.
(S) Affiliated Fund.
FINANCIAL HIGHLIGHTS
--------------------
(A) Computed using average shares outstanding.
(B) Represents the combined ratios for the respective portfolio and its respective pro-rata share of its
Underlying Funds.
(C) Because of commencement of operations and related preliminary transaction costs, these ratios
are not necessarily indicative of future ratios.
(D) Non-Annualized
(E) Annualized
N/A Does not apply to this fund.
ALL STATEMENTS, SCHEDULES AND NOTES TO FINANCIAL STATEMENTS
-----------------------------------------------------------
-- Amounts designated as -- are either zero or rounded to zero.
SEC Securities and Exchange Commission
(a) Commencement of Operations.
2
DFA INVESTMENT DIMENSIONS GROUP INC.
DISCLOSURE OF FUND EXPENSES
(UNAUDITED)
The following Expense Tables are shown so that you can understand the impact
of fees on your investment. All mutual funds have operating expenses. As a
shareholder of the fund, you incur ongoing costs, which include costs for
portfolio management, administrative services, and shareholder reports, among
others. Operating expenses, legal and audit services, which are deducted from a
fund's gross income, directly reduce the investment return of the fund. A
fund's expenses are expressed as a percentage of its average net assets. This
figure is known as the expense ratio. The following examples are intended to
help you understand the ongoing costs, in dollars, of investing in the fund and
to compare these costs with those of other mutual funds. The examples are based
on an investment of $1,000 made at the beginning of the period shown and held
for the entire period.
The Expense Tables below illustrate your fund's costs in two ways.
ACTUAL FUND RETURN
This section helps you to estimate the actual expenses after fee waivers
that you paid over the period. The "Ending Account Value" shown is derived
from the fund's actual return and "Expenses Paid During Period" reflect
the dollar amount that would have been paid by an investor who started
with $1,000 in the fund. You may use the information here, together with
the amount you invested, to estimate the expenses that you paid over the
period.
To do so, simply divide your account value by $1,000 (for example, a
$7,500 account value divided by $1,000 = 7.5), then multiply the result by
the number given for your fund under the heading "Expenses Paid During
Period."
HYPOTHETICAL EXAMPLE FOR COMPARISON PURPOSES
This section is intended to help you compare your fund's costs with those
of other mutual funds. The hypothetical "Ending Account Value" and
"Expenses Paid During Period" are derived from the fund's actual expense
ratio and an assumed 5% annual return before expenses. In this case,
because the return used is not the fund's actual return, the results do
not apply to your investment. The example is useful in making comparisons
because the SEC requires all mutual funds to calculate expenses based on a
5% annual return. You can assess your fund's costs by comparing this
hypothetical example with the hypothetical examples that appear in
shareholder reports of other funds.
Please note that the expenses shown in the tables are meant to highlight and
help you compare ongoing costs only and do not reflect any transactional costs,
if applicable. The "Annualized Expense Ratio" represents the actual expenses
for the six-month period indicated.
SIX MONTHS ENDED APRIL 30, 2018
EXPENSE TABLES
BEGINNING ENDING EXPENSES
ACCOUNT ACCOUNT ANNUALIZED PAID
VALUE VALUE EXPENSE DURING
11/01/17 04/30/18 RATIO* PERIOD*
--------- --------- ---------- --------
DFA ONE-YEAR FIXED INCOME PORTFOLIO
-----------------------------------
Actual Fund Return
Institutional Class Shares......... $1,000.00 $1,002.00 0.17% $0.84
Hypothetical 5% Annual Return
Institutional Class Shares......... $1,000.00 $1,023.95 0.17% $0.85
3
DISCLOSURE OF FUND EXPENSES
CONTINUED
BEGINNING ENDING EXPENSES
ACCOUNT ACCOUNT ANNUALIZED PAID
VALUE VALUE EXPENSE DURING
11/01/17 04/30/18 RATIO* PERIOD*
--------- --------- ---------- --------
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO
------------------------------------------
Actual Fund Return
Institutional Class Shares.......................... $1,000.00 $ 999.20 0.17% $0.84
Hypothetical 5% Annual Return
Institutional Class Shares.......................... $1,000.00 $1,023.95 0.17% $0.85
DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO
----------------------------------------------------
Actual Fund Return
Institutional Class Shares.......................... $1,000.00 $1,000.60 0.17% $0.84
Hypothetical 5% Annual Return
Institutional Class Shares.......................... $1,000.00 $1,023.95 0.17% $0.85
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO
-------------------------------------------
Actual Fund Return
Institutional Class Shares.......................... $1,000.00 $ 992.20 0.27% $1.33
Hypothetical 5% Annual Return
Institutional Class Shares.......................... $1,000.00 $1,023.46 0.27% $1.35
DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO
---------------------------------------------------
Actual Fund Return
Institutional Class Shares.......................... $1,000.00 $1,004.60 0.20% $0.99
Hypothetical 5% Annual Return
Institutional Class Shares.......................... $1,000.00 $1,023.80 0.20% $1.00
DFA SHORT-TERM GOVERNMENT PORTFOLIO
-----------------------------------
Actual Fund Return
Institutional Class Shares.......................... $1,000.00 $ 988.10 0.19% $0.94
Hypothetical 5% Annual Return
Institutional Class Shares.......................... $1,000.00 $1,023.85 0.19% $0.95
DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO
--------------------------------------------------
Actual Fund Return
Institutional Class Shares.......................... $1,000.00 $ 972.90 0.12% $0.59
Hypothetical 5% Annual Return
Institutional Class Shares.......................... $1,000.00 $1,024.20 0.12% $0.60
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
-----------------------------------------
Actual Fund Return
Institutional Class Shares.......................... $1,000.00 $ 992.80 0.22% $1.09
Hypothetical 5% Annual Return
Institutional Class Shares.......................... $1,000.00 $1,023.70 0.22% $1.10
DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO
------------------------------------------------
Actual Fund Return
Institutional Class Shares.......................... $1,000.00 $ 965.30 0.22% $1.07
Hypothetical 5% Annual Return
Institutional Class Shares.......................... $1,000.00 $1,023.70 0.22% $1.10
4
DISCLOSURE OF FUND EXPENSES
CONTINUED
BEGINNING ENDING EXPENSES
ACCOUNT ACCOUNT ANNUALIZED PAID
VALUE VALUE EXPENSE DURING
11/01/17 04/30/18 RATIO* PERIOD*
--------- --------- ---------- --------
DFA TARGETED CREDIT PORTFOLIO
-----------------------------
Actual Fund Return
Institutional Class Shares................... $1,000.00 $ 987.70 0.20% $0.99
Hypothetical 5% Annual Return
Institutional Class Shares................... $1,000.00 $1,023.80 0.20% $1.00
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO**
---------------------------------------------
Actual Fund Return
Institutional Class Shares................... $1,000.00 $ 958.70 0.27% $0.79
Hypothetical 5% Annual Return
Institutional Class Shares................... $1,000.00 $1,014.13 0.27% $0.81
DFA INVESTMENT GRADE PORTFOLIO
------------------------------
Actual Fund Return
Institutional Class Shares................... $1,000.00 $ 973.50 0.22% $1.08
Hypothetical 5% Annual Return
Institutional Class Shares................... $1,000.00 $1,023.70 0.22% $1.10
DFA DIVERSIFIED FIXED INCOME PORTFOLIO***
-----------------------------------------
Actual Fund Return
Institutional Class Shares................... $1,000.00 $ 986.00 0.15% $0.74
Hypothetical 5% Annual Return
Institutional Class Shares................... $1,000.00 $1,024.05 0.15% $0.75
DFA LTIP PORTFOLIO
------------------
Actual Fund Return
Institutional Class Shares................... $1,000.00 $1,018.30 0.15% $0.75
Hypothetical 5% Annual Return
Institutional Class Shares................... $1,000.00 $1,024.05 0.15% $0.75
DFA INFLATION-PROTECTED SECURITIES PORTFOLIO
--------------------------------------------
Actual Fund Return
Institutional Class Shares................... $1,000.00 $ 996.00 0.12% $0.59
Hypothetical 5% Annual Return
Institutional Class Shares................... $1,000.00 $1,024.20 0.12% $0.60
DFA SHORT-DURATION REAL RETURN PORTFOLIO
----------------------------------------
Actual Fund Return
Institutional Class Shares................... $1,000.00 $1,001.90 0.23% $1.14
Hypothetical 5% Annual Return
Institutional Class Shares................... $1,000.00 $1,023.65 0.23% $1.15
DFA MUNICIPAL REAL RETURN PORTFOLIO
-----------------------------------
Actual Fund Return
Institutional Class Shares................... $1,000.00 $ 993.90 0.22% $1.09
Hypothetical 5% Annual Return
Institutional Class Shares................... $1,000.00 $1,023.70 0.22% $1.10
5
DISCLOSURE OF FUND EXPENSES
CONTINUED
BEGINNING ENDING EXPENSES
ACCOUNT ACCOUNT ANNUALIZED PAID
VALUE VALUE EXPENSE DURING
11/01/17 04/30/18 RATIO* PERIOD*
--------- --------- ---------- --------
DFA CALIFORNIA MUNICIPAL REAL RETURN PORTFOLIO****
--------------------------------------------------
Actual Fund Return
Institutional Class Shares............................... $1,000.00 $ 987.50 0.30% $1.47
Hypothetical 5% Annual Return
Institutional Class Shares............................... $1,000.00 $1,023.18 0.30% $1.50
DFA MUNICIPAL BOND PORTFOLIO
----------------------------
Actual Fund Return
Institutional Class Shares............................... $1,000.00 $ 986.40 0.22% $1.08
Hypothetical 5% Annual Return
Institutional Class Shares............................... $1,000.00 $1,023.70 0.22% $1.10
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO
---------------------------------------
Actual Fund Return
Institutional Class Shares............................... $1,000.00 $ 997.20 0.21% $1.04
Hypothetical 5% Annual Return
Institutional Class Shares............................... $1,000.00 $1,023.75 0.21% $1.05
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
----------------------------------------------
Actual Fund Return
Institutional Class Shares............................... $1,000.00 $ 984.40 0.22% $1.08
Hypothetical 5% Annual Return
Institutional Class Shares............................... $1,000.00 $1,023.70 0.22% $1.10
DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO
--------------------------------------------------
Actual Fund Return
Institutional Class Shares............................... $1,000.00 $ 995.80 0.21% $1.04
Hypothetical 5% Annual Return
Institutional Class Shares............................... $1,000.00 $1,023.75 0.21% $1.05
DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
---------------------------------------------------------
Actual Fund Return
Institutional Class Shares............................... $1,000.00 $ 984.90 0.22% $1.08
Hypothetical 5% Annual Return
Institutional Class Shares............................... $1,000.00 $1,023.70 0.22% $1.10
DFA NY MUNICIPAL BOND PORTFOLIO
-------------------------------
Actual Fund Return
Institutional Class Shares............................... $1,000.00 $ 991.80 0.24% $1.19
Hypothetical 5% Annual Return
Institutional Class Shares............................... $1,000.00 $1,023.60 0.24% $1.20
6
DISCLOSURE OF FUND EXPENSES
CONTINUED
BEGINNING ENDING EXPENSES
ACCOUNT ACCOUNT ANNUALIZED PAID
VALUE VALUE EXPENSE DURING
11/01/17 04/30/18 RATIO* PERIOD*
--------- --------- ---------- --------
DFA MN MUNICIPAL BOND PORTFOLIO
-------------------------------
Actual Fund Return
Institutional Class Shares..... $1,000.00 $ 983.80 0.31% $1.52
Hypothetical 5% Annual Return
Institutional Class Shares..... $1,000.00 $1,023.26 0.31% $1.56
----------
* Expenses are equal to the fund's annualized expense ratio for the six-month
period, multiplied by the average account value over the period, multiplied
by the number of days in the most recent six-month period (181), then
divided by the number of days in the year (365) to reflect the six-month
period.
** DFA Global Core Plus Fixed Income Portfolio commenced operations on
January 11, 2018. Expenses are equal to the fund's annualized expense ratio
for the period, multiplied by the average account value over the period,
multiplied by the number of days since inception (109), then divided by the
number of days in the year (365) to reflect the period. The "Ending Account
Value" is derived from the fund's share class actual return since inception.
The "Hypothetical 5% Annual Return" information reflects the 181 day period
for the period ended April 30, 2018 to allow for comparability.
***DFA Diversified Fixed Income Portfolio invests directly and indirectly
through other funds. The expenses shown reflect the direct expenses of the
Portfolio and the Portfolio's portion of the expenses of its Underlying
Funds (Affiliated Investment Companies).
****DFA California Municipal Real Return Portfolio commenced operations on
November 1, 2017. Expenses are equal to the fund's annualized expense ratio
for the period, multiplied by the average account value over the period,
multiplied by the number of days since inception (180), then divided by the
number of days in the year (365) to reflect the period. The "Ending Account
Value" is derived from the fund's share class actual return since
inception. The "Hypothetical 5% Annual Return" information reflects the 181
day period for the period ended April 30, 2018 to allow for comparability.
7
DFA INVESTMENT DIMENSIONS GROUP INC.
DISCLOSURE OF PORTFOLIO HOLDINGS
(UNAUDITED)
The SEC requires that all funds file a complete Schedule of Investments with
the SEC for their first and third fiscal quarters on Form N-Q. For DFA
Investment Dimensions Group Inc., this would be for the fiscal quarters ending
January 31 and July 31. The Form N-Q filing must be made within 60 days of the
end of the quarter. DFA Investment Dimensions Group Inc. filed its most recent
Form N-Q with the SEC on March 29, 2018. They are available upon request,
without charge, by calling collect: (512) 306-7400 or by mailing a request to
Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin,
Texas 78746, or by visiting the SEC's website at http://www.sec.gov, or they
may be reviewed and copied at the SEC's Public Reference Room in Washington,
D.C. (call 1-800-732-0330 for information on the operation of the Public
Reference Room).
PORTFOLIO HOLDINGS
The SEC requires that all funds present their categories of portfolio
holdings in a table, chart or graph format in their annual and semi-annual
shareholder reports, whether or not a Schedule of Investments is utilized. The
following table, which presents portfolio holdings as a percent of total
investments before short-term investments and collateral for loaned securities,
is provided in compliance with such requirement. The categories shown below
represent broad industry sectors. Each industry sector consists of one or more
specific industry classifications.
FIXED INCOME PORTFOLIOS
DFA ONE-YEAR FIXED INCOME PORTFOLIO
Corporate.................................... 13.2%
Government................................... 18.9%
Foreign Corporate............................ 26.9%
Foreign Government........................... 34.5%
Supranational................................ 6.5%
-----
100.0%
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO
Corporate.................................... 12.0%
Government................................... 7.2%
Foreign Corporate............................ 26.6%
Foreign Government........................... 46.5%
Supranational................................ 7.7%
-----
100.0%
DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO
Corporate.................................... 37.4%
Government................................... 8.1%
Foreign Corporate............................ 28.7%
Foreign Government........................... 21.2%
Supranational................................ 4.6%
-----
100.0%
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO
Corporate.................................... 19.5%
Foreign Corporate............................ 29.9%
Foreign Government........................... 44.5%
Supranational................................ 6.1%
-----
100.0%
DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO
Government................................... 0.4%
Foreign Corporate............................ 7.8%
Foreign Government........................... 78.8%
Supranational................................ 13.0%
-----
100.0%
DFA SHORT-TERM GOVERNMENT PORTFOLIO
Government................................... 100.0%
-----
100.0%
DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO
Government................................... 100.0%
-----
100.0%
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
Corporate.................................... 41.6%
Government................................... 0.7%
Foreign Corporate............................ 28.2%
Foreign Government........................... 25.8%
Supranational................................ 3.7%
-----
100.0%
DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO
Corporate.................................... 74.5%
Government................................... 4.9%
Foreign Corporate............................ 20.1%
Foreign Government........................... 0.4%
Supranational................................ 0.1%
-----
100.0%
DFA TARGETED CREDIT PORTFOLIO
Corporate.................................... 66.4%
Foreign Corporate............................ 31.8%
Foreign Government........................... 1.8%
-----
100.0%
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
Corporate.................................... 39.8%
Government................................... 8.8%
Foreign Corporate............................ 37.2%
Foreign Government........................... 9.2%
Supranational................................ 5.0%
-----
100.0%
DFA INVESTMENT GRADE PORTFOLIO
Corporate.................................... 42.6%
Government................................... 45.1%
Foreign Corporate............................ 9.9%
Foreign Government........................... 2.2%
Supranational................................ 0.2%
-----
100.0%
8
DISCLOSURE OF PORTFOLIO HOLDINGS
CONTINUED
DFA DIVERSIFIED FIXED INCOME PORTFOLIO
Government................................... 100.0%
-----
100.0%
DFA LTIP PORTFOLIO
Government................................... 100.0%
-----
100.0%
DFA INFLATION-PROTECTED SECURITIES PORTFOLIO
Government................................... 100.0%
-----
100.0%
DFA SHORT-DURATION REAL RETURN PORTFOLIO
Corporate.................................... 45.7%
Government................................... 4.1%
Foreign Corporate............................ 28.0%
Foreign Government........................... 18.0%
Supranational................................ 4.2%
-----
100.0%
DFA MUNICIPAL REAL RETURN PORTFOLIO
Muni G.O. Local.............................. 52.0%
Muni G.O. State.............................. 26.9%
Muni Revenue................................. 20.7%
Muni Pre-Refunded............................ 0.4%
-----
100.0%
DFA CALIFORNIA MUNICIPAL REAL RETURN PORTFOLIO
Muni G.O. Local.............................. 38.2%
Muni G.O. State.............................. 20.3%
Muni Revenue................................. 26.4%
Muni Pre-Refunded............................ 15.1%
-----
100.0%
DFA MUNICIPAL BOND PORTFOLIO
Muni G.O. Local.............................. 47.2%
Muni G.O. State.............................. 21.0%
Muni Revenue................................. 23.4%
Muni Pre-Refunded............................ 8.4%
-----
100.0%
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO
Corporate.................................... 0.2%
Muni G.O. Local.............................. 40.4%
Muni G.O. State.............................. 28.2%
Muni Revenue................................. 19.4%
Muni Pre-Refunded............................ 11.8%
-----
100.0%
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
Corporate.................................... 0.1%
Muni G.O. Local.............................. 50.2%
Muni G.O. State.............................. 31.5%
Muni Revenue................................. 16.9%
Muni Pre-Refunded............................ 1.3%
-----
100.0%
DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO
Muni G.O. Local.............................. 37.4%
Muni G.O. State.............................. 18.9%
Muni Revenue................................. 18.2%
Muni Pre-Refunded............................ 25.5%
-----
100.0%
DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND
PORTFOLIO
Muni G.O. Local.............................. 47.9%
Muni G.O. State.............................. 19.8%
Muni Revenue................................. 22.5%
Muni Pre-Refunded............................ 9.8%
-----
100.0%
DFA NY MUNICIPAL BOND PORTFOLIO
Muni G.O. Local.............................. 48.5%
Muni G.O. State.............................. 0.7%
Muni Revenue................................. 29.1%
Muni Pre-Refunded............................ 21.7%
-----
100.0%
DFA MN MUNICIPAL BOND PORTFOLIO
Muni G.O. Local.............................. 62.3%
Muni G.O. State.............................. 13.9%
Muni Revenue................................. 16.8%
Muni Pre-Refunded............................ 7.0%
-----
100.0%
9
DFA ONE-YEAR FIXED INCOME PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
------ ------
(000)
AGENCY OBLIGATIONS -- (6.0%)
Federal Home Loan Bank
1.375%, 05/28/19............................. $ 20,000 $ 19,792,980
2.000%, 09/13/19............................. 74,000 73,579,384
# 1.500%, 10/21/19............................. 68,000 67,062,620
# 1.375%, 11/15/19............................. 7,500 7,382,625
# 2.125%, 02/11/20............................. 34,500 34,263,433
1.875%, 03/13/20............................. 10,000 9,881,760
# 4.125%, 03/13/20............................. 80,000 82,259,200
2.375%, 03/30/20............................. 10,000 9,969,540
Federal Home Loan Mortgage Corp.
1.250%, 10/02/19............................. 113,600 111,714,581
Federal National Mortgage Association
1.125%, 12/14/18............................. 41,000 40,738,379
1.750%, 09/12/19............................. 16,573 16,426,793
1.000%, 10/24/19............................. 32,000 31,321,568
------------
TOTAL AGENCY OBLIGATIONS........................... 504,392,863
------------
BONDS -- (74.4%)
African Development Bank
1.125%, 09/20/19............................. 19,000 18,628,740
# 1.375%, 02/12/20............................. 25,438 24,884,545
Agence Francaise de Developpement
1.375%, 08/02/19............................. 15,600 15,349,324
1.625%, 01/21/20............................. 16,170 15,849,478
Alberta, Province of Canada
1.900%, 12/06/19............................. 53,000 52,309,355
ANZ New Zealand International Ltd.
## # 2.250%, 02/01/19............................. 3,905 3,890,889
2.600%, 09/23/19............................. 11,984 11,915,602
## 2.600%, 09/23/19............................. 22,849 22,718,591
Apple, Inc.
# 1.550%, 02/08/19............................. 23,384 23,240,155
# 1.700%, 02/22/19............................. 4,000 3,977,129
# 2.100%, 05/06/19............................. 5,000 4,987,950
# 1.500%, 09/12/19............................. 102,300 100,835,491
# 1.800%, 11/13/19............................. 55,641 54,964,962
# 1.900%, 02/07/20............................. 5,413 5,345,175
Apple, Inc. Floating Rate Note 3M USD LIBOR +
0.080%, FRN
(r) 1.871%, 02/08/19............................. 29,550 29,558,939
(r) 2.089%, 05/06/19............................. 15,600 15,652,142
Australia & New Zealand Banking Group, Ltd.
2.000%, 11/16/18............................. 12,359 12,316,874
2.250%, 06/13/19............................. 4,150 4,129,415
1.600%, 07/15/19............................. 9,250 9,107,020
## 2.250%, 12/19/19............................. 60,000 59,495,512
FACE
AMOUNT VALUE+
------ ------
(000)
Australia & New Zealand Banking Group, Ltd. Floating
Rate Note 3M USD LIBOR + 0.750%, FRN
(r)## 2.600%, 11/16/18............................. $45,630 $45,774,889
#(r)## 2.931%, 09/23/19............................. 3,145 3,166,528
Bank Nederlandse Gemeenten NV
1.375%, 01/28/19............................. 35,910 35,630,117
## 1.500%, 02/15/19............................. 12,082 11,992,352
1.500%, 02/15/19............................. 20,600 20,447,478
1.875%, 06/11/19............................. 64,646 64,158,828
## # 1.750%, 10/30/19............................. 7,500 7,403,198
1.750%, 10/30/19............................. 42,880 42,326,548
1.625%, 11/25/19............................. 17,750 17,461,758
## 2.500%, 02/28/20............................. 26,000 25,880,868
2.500%, 02/28/20............................. 12,208 12,152,063
Bank of Nova Scotia Floating Rate Note 3M USD LIBOR
+ 0.380%, FRN
(r) 2.364%, 02/28/19............................. 75,000 75,122,413
Bank of Nova Scotia (The)
# 2.050%, 10/30/18............................. 42,000 41,927,083
Berkshire Hathaway Finance Corp. Floating Rate Note
3M USD LIBOR + 0.250%, FRN
#(r) 2.587%, 01/11/19............................. 5,900 5,911,540
(r) 2.815%, 03/15/19............................. 7,000 7,039,956
(r) 2.099%, 08/15/19............................. 11,030 11,049,550
Caisse d'Amortissement de la Dette Sociale
## 1.500%, 01/28/19............................. 18,200 18,068,414
1.500%, 01/28/19............................. 36,512 36,256,051
## 1.750%, 09/24/19............................. 8,000 7,903,104
1.750%, 09/24/19............................. 41,830 41,323,355
1.875%, 01/13/20............................. 48,600 47,921,593
Chevron Corp.
# 1.790%, 11/16/18............................. 22,287 22,224,205
# 1.686%, 02/28/19............................. 12,240 12,161,056
1.561%, 05/16/19............................. 25,400 25,158,954
1.991%, 03/03/20............................. 9,500 9,376,203
Chevron Corp. Floating Rate Note 3M USD LIBOR +
0.500%, FRN
(r) 2.350%, 05/16/18............................. 15,192 15,195,084
(r) 2.360%, 11/16/18............................. 5,000 5,012,719
#(r) 2.074%, 02/28/19............................. 15,350 15,360,745
(r) 2.249%, 11/15/19............................. 6,950 6,992,992
Cisco Systems, Inc.
2.125%, 03/01/19............................. 34,580 34,501,969
1.400%, 09/20/19............................. 23,787 23,416,681
Commonwealth Bank of Australia
## 1.375%, 09/06/18............................. 30,990 30,878,595
2.500%, 09/20/18............................. 56,868 56,901,799
1.750%, 11/02/18............................. 3,200 3,185,717
# 2.250%, 03/13/19............................. 7,400 7,375,932
2.300%, 09/06/19............................. 13,969 13,856,167
10
DFA ONE-YEAR FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
Commonwealth Bank of Australia Floating Rate Note
3M USD LIBOR + 0.790%, FRN
(r)## 3.148%, 11/02/18............................. $ 20,325 $ 20,398,468
(r) 3.185%, 03/15/19............................. 25,115 25,307,632
(r) 2.575%, 09/06/19............................. 13,094 13,166,534
(r) 2.434%, 11/07/19............................. 4,819 4,846,386
Cooperatieve Rabobank UA
# 2.250%, 01/14/19............................. 55,738 55,609,378
# 1.375%, 08/09/19............................. 45,920 45,021,085
2.250%, 01/14/20............................. 16,470 16,267,535
## # 4.750%, 01/15/20............................. 4,750 4,883,266
4.750%, 01/15/20............................. 9,332 9,593,819
Cooperatieve Rabobank UA Floating Rate Note 3M USD
LIBOR + 0.510%, FRN
(r) 2.310%, 08/09/19............................. 3,419 3,436,249
Council Of Europe Development Bank
1.500%, 05/17/19............................. 58,200 57,613,344
1.750%, 11/14/19............................. 4,280 4,226,800
# 1.875%, 01/27/20............................. 29,349 28,969,517
1.625%, 03/10/20............................. 9,532 9,355,086
CPPIB Capital, Inc.
## 1.250%, 09/20/19............................. 4,850 4,750,284
Dexia Credit Local SA
2.250%, 01/30/19............................. 9,706 9,681,689
Erste Abwicklungsanstalt
1.375%, 10/30/19............................. 15,400 15,102,333
European Bank for Reconstruction & Development
# 1.750%, 11/26/19............................. 21,051 20,787,020
European Investment Bank
1.875%, 03/15/19............................. 33,900 33,747,847
2.125%, 03/15/19............................. 10,172 10,148,391
# 1.250%, 05/15/19............................. 49,500 48,894,662
# 1.125%, 08/15/19............................. 32,000 31,441,792
# 1.250%, 12/16/19............................. 18,000 17,617,320
# 1.625%, 03/16/20............................. 58,151 57,082,185
Export Development Canada
1.750%, 08/19/19............................. 105,550 104,488,167
1.000%, 09/13/19............................. 23,335 22,854,066
## # 2.300%, 02/10/20............................. 82,050 81,545,772
Exxon Mobil Corp.
1.708%, 03/01/19............................. 18,500 18,408,109
Finland Government International Bond
1.750%, 09/10/19............................. 6,300 6,235,211
FMS Wertmanagement
1.000%, 08/16/19............................. 123,000 120,610,110
FMS Wertmanagement
# 1.750%, 01/24/20............................. 29,500 29,055,625
2.250%, 02/03/20............................. 22,400 22,227,520
# 1.750%, 03/17/20............................. 6,500 6,387,536
FMS Wertmanagement AoeR
1.500%, 08/09/19............................. 5,000 4,933,865
FACE
AMOUNT VALUE+
------ ------
(000)
General Electric Co.
6.000%, 08/07/19............................. $ 6,644 $ 6,896,478
General Electric Co.
5.625%, 05/01/18............................. 53,827 53,827,000
# 2.300%, 01/14/19............................. 2,500 2,493,059
General Electric Co. Floating Rate Note 3M USD
LIBOR + 0.270%, FRN
(r) 2.064%, 08/07/18............................. 5,000 5,000,207
Inter-American Development Bank
1.125%, 09/12/19............................. 21,247 20,855,333
1.750%, 10/15/19............................. 9,500 9,395,348
Inter-American Development Bank Floating Rate
Note 1M USD LIBOR + 0.040%, FRN
(r) 1.938%, 11/26/18............................. 5,051 5,049,833
International Bank for Reconstruction &
Development
# 1.875%, 03/15/19............................. 50,000 49,780,300
0.875%, 08/15/19............................. 18,000 17,634,078
1.875%, 10/07/19............................. 49,532 49,082,200
Kommunalbanken A.S.
2.125%, 03/15/19............................. 77,140 76,899,323
1.750%, 05/28/19............................. 42,700 42,345,334
1.500%, 09/09/19............................. 5,000 4,928,010
1.500%, 10/22/19............................. 34,768 34,203,368
1.625%, 01/15/20............................. 32,140 31,582,982
Kommunekredit
1.125%, 08/23/19............................. 63,700 62,498,363
Kommuninvest I Sverige AB
1.125%, 10/09/18............................. 10,705 10,650,233
1.000%, 11/13/18............................. 28,000 27,800,388
1.125%, 09/17/19............................. 17,200 16,853,678
2.000%, 11/12/19............................. 17,950 17,780,731
1.750%, 03/19/20............................. 31,044 30,508,056
Kreditanstalt fuer Wiederaufbau
# 1.875%, 04/01/19............................. 39,800 39,602,042
# 1.500%, 09/09/19............................. 50,500 49,800,396
# 1.250%, 09/30/19............................. 89,000 87,337,706
4.000%, 01/27/20............................. 4,100 4,194,196
1.500%, 04/20/20............................. 10,000 9,770,179
Landeskreditbank Baden- Wuerttemberg Foerderbank
1.625%, 02/01/19............................. 18,125 18,017,156
Landwirtschaftliche Rentenbank
# 1.750%, 04/15/19............................. 12,500 12,419,500
Manitoba, Province of Canada
1.750%, 05/30/19............................. 24,440 24,217,352
Merck & Co., Inc. Floating Rate Note 3M USD LIBOR
+ 0.360%, FRN
(r) 2.233%, 05/18/18............................. 19,430 19,433,206
Microsoft Corp.
# 1.300%, 11/03/18............................. 6,709 6,683,878
# 4.200%, 06/01/19............................. 5,000 5,090,593
Municipality Finance P.L.C.
## 1.250%, 09/10/18............................. 99,500 99,139,213
11
DFA ONE-YEAR FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
1.250%, 09/10/18............................. $ 48,520 $ 48,344,066
1.250%, 04/18/19............................. 25,150 24,844,427
1.750%, 05/21/19............................. 29,350 29,109,213
1.500%, 03/23/20............................. 12,567 12,289,420
National Australia Bank, Ltd.
# 2.000%, 01/14/19............................. 4,500 4,479,626
## 2.250%, 07/01/19............................. 12,000 11,920,123
1.375%, 07/12/19............................. 70,400 69,201,550
# 2.250%, 01/10/20............................. 8,700 8,582,369
National Australia Bank, Ltd. Floating Rate Note 3M
USD LIBOR + 0.640%, FRN
(r)## 3.002%, 07/23/18............................. 310 310,401
(r) 3.002%, 07/23/18............................. 8,750 8,761,323
(r) 3.128%, 01/14/19............................. 2,500 2,510,759
(r)## 2.602%, 07/25/19............................. 50,000 50,011,619
(r)## 2.224%, 08/29/19............................. 41,600 41,630,531
(r)## 2.928%, 01/10/20............................. 16,080 16,171,685
Nederlandse Waterschapsbank NV
## 1.500%, 01/23/19............................. 82,950 82,397,387
1.875%, 03/13/19............................. 67,703 67,330,295
## 1.750%, 09/05/19............................. 16,000 15,811,280
1.750%, 09/05/19............................. 40,400 39,923,482
1.250%, 09/09/19............................. 6,850 6,726,056
## 1.250%, 09/09/19............................. 6,050 5,940,531
1.625%, 03/04/20............................. 15,750 15,441,300
Nestle Holdings, Inc.
2.125%, 01/14/20............................. 8,912 8,807,703
Nordea Bank AB
## 1.875%, 09/17/18............................. 3,118 3,111,017
2.375%, 04/04/19............................. 3,969 3,955,687
Nordea Bank AB Floating Rate Note 3M USD LIBOR +
0.840%, FRN
(r)## 3.018%, 09/17/18............................. 14,410 14,451,949
#(r) 3.018%, 09/17/18............................. 3,000 3,008,733
(r) 2.244%, 11/07/18............................. 20,000 20,030,517
(r) 2.375%, 03/07/19............................. 100,000 100,100,007
(r) 2.618%, 04/10/19............................. 37,000 37,020,433
Novartis Capital Corp.
# 1.800%, 02/14/20............................. 6,551 6,441,921
NRW Bank
1.250%, 10/01/18............................. 4,954 4,931,197
1.875%, 07/01/19............................. 16,907 16,760,585
1.250%, 07/29/19............................. 11,734 11,535,156
2.000%, 09/23/19............................. 14,600 14,462,599
1.875%, 01/27/20............................. 14,333 14,124,082
Oesterreichische Kontrollbank AG
1.625%, 03/12/19............................. 6,000 5,956,818
1.125%, 04/26/19............................. 41,526 40,979,131
# 1.750%, 01/24/20............................. 48,852 48,100,971
# 1.375%, 02/10/20............................. 51,882 50,737,483
Ontario, Province of Canada
# 2.000%, 09/27/18............................. 54,780 54,701,210
# 1.625%, 01/18/19............................. 15,000 14,911,794
# 2.000%, 01/30/19............................. 33,297 33,186,702
FACE
AMOUNT VALUE+
------ ------
(000)
# 1.250%, 06/17/19............................. $39,780 $39,200,405
# 4.000%, 10/07/19............................. 16,209 16,511,136
4.400%, 04/14/20............................. 42,900 44,207,542
Oracle Corp.
# 2.375%, 01/15/19............................. 4,100 4,103,878
Oracle Corp. Floating Rate Note 3M USD LIBOR +
0.580%, FRN
(r) 2.928%, 01/15/19............................. 1,000 1,003,073
Pfizer, Inc.
# 1.200%, 06/01/18............................. 43,760 43,729,806
# 2.100%, 05/15/19............................. 27,242 27,116,134
Procter & Gamble Co. (The)
# 1.750%, 10/25/19............................. 3,866 3,822,093
Province of Ontario Canada
# 1.650%, 09/27/19............................. 10,500 10,355,730
Quebec, Province of Canada Floating Rate Note 3M
USD LIBOR + 0.280%, FRN
#(r) 2.642%, 07/21/19............................. 80,786 80,993,252
Roche Holdings, Inc. Floating Rate Note 3M USD
LIBOR + 0.340%, FRN
(r)## 2.642%, 09/30/19............................. 39,640 39,825,919
Royal Bank of Canada
# 2.200%, 07/27/18............................. 15,318 15,312,947
# 2.150%, 03/15/19............................. 14,818 14,760,992
1.625%, 04/15/19............................. 15,252 15,106,545
# 1.500%, 07/29/19............................. 31,832 31,331,651
# 2.125%, 03/02/20............................. 77,755 76,477,661
2.150%, 03/06/20............................. 47,922 47,194,318
Royal Bank of Canada Floating Rate Note 3M USD
LIBOR + 0.400%, FRN
(r) 2.759%, 10/31/18............................. 31,000 31,052,098
(r) 2.788%, 01/10/19............................. 2,400 2,406,178
Shell International Finance BV
1.625%, 11/10/18............................. 27,970 27,900,116
2.000%, 11/15/18............................. 9,543 9,516,339
# 1.375%, 05/10/19............................. 19,990 19,763,913
1.375%, 09/12/19............................. 43,105 42,340,432
# 4.300%, 09/22/19............................. 6,987 7,148,813
4.375%, 03/25/20............................. 6,500 6,687,756
Shell International Finance BV Floating Rate Note
3M USD LIBOR + 0.580%, FRN
(r) 2.391%, 11/10/18............................. 21,560 21,619,919
(r) 2.421%, 09/12/19............................. 15,370 15,438,357
State of North Rhine-Westphalia Germany
1.375%, 01/30/19............................. 3,500 3,469,715
1.875%, 06/17/19............................. 16,500 16,368,280
1.625%, 07/25/19............................. 17,200 16,993,273
1.250%, 09/16/19............................. 12,000 11,771,592
1.625%, 01/22/20............................. 55,400 54,352,995
12
DFA ONE-YEAR FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
State of North Rhine-Westphalia Germany Floating
Rate Note 3M USD LIBOR + 0.170%, FRN
(r) 2.090%, 11/23/18............................. $ 48,200 $ 48,239,717
Statoil ASA
1.150%, 05/15/18............................. 8,200 8,196,870
2.250%, 11/08/19............................. 27,060 26,823,781
Statoil ASA Floating Rate Note 3M USD LIBOR +
0.290%, FRN
(r) 2.129%, 05/15/18............................. 5,835 5,835,644
Svensk Exportkredit AB
1.250%, 04/12/19............................. 6,500 6,426,884
1.875%, 06/17/19............................. 43,600 43,265,588
1.125%, 08/28/19............................. 5,000 4,905,128
Svensk Exportkredit AB Floating Rate Note 3M USD
LIBOR + 0.100%, FRN
(r) 2.412%, 10/04/18............................. 19,630 19,642,730
Svenska Handelsbanken Floating Rate Note 3M USD
LIBOR + 0.400%, FRN
(r) 2.211%, 02/12/19............................. 149,500 149,788,626
(r) 2.582%, 01/22/20............................. 23,200 23,149,124
Svenska Handelsbanken AB
# 2.500%, 01/25/19............................. 33,223 33,186,442
2.250%, 06/17/19............................. 19,710 19,581,927
# 1.500%, 09/06/19............................. 2,109 2,069,292
Svenska Handelsbanken AB Floating Rate Note 3M
USD LIBOR + 0.490%, FRN
(r) 2.668%, 06/17/19............................. 1,580 1,585,842
(r) 2.515%, 09/06/19............................. 9,086 9,123,942
Swedbank AB
## 2.375%, 02/27/19............................. 15,000 14,945,955
Toronto-Dominion Bank (The)
# 2.625%, 09/10/18............................. 34,926 34,955,234
1.950%, 01/22/19............................. 36,548 36,400,337
# 2.125%, 07/02/19............................. 7,218 7,171,840
1.450%, 08/13/19............................. 3,773 3,709,349
# 1.900%, 10/24/19............................. 90,974 89,714,010
# 2.250%, 11/05/19............................. 13,746 13,631,488
Toronto-Dominion Bank (The) Floating Rate Note 3M
USD LIBOR + 0.840%, FRN
(r) 3.202%, 01/22/19............................. 5,000 5,025,793
(r) 2.470%, 08/13/19............................. 9,500 9,551,511
Total Capital International SA
# 2.125%, 01/10/19............................. 12,350 12,306,023
Total Capital International SA Floating Rate Note
3M USD LIBOR + 0.350%, FRN
(r) 2.528%, 06/19/19............................. 4,633 4,648,750
Toyota Motor Credit Corp.
2.000%, 10/24/18............................. 6,865 6,852,616
1.700%, 01/09/19............................. 42,001 41,785,392
2.100%, 01/17/19............................. 19,561 19,520,307
1.700%, 02/19/19............................. 9,318 9,261,003
FACE
AMOUNT VALUE+
------ ------
(000)
1.400%, 05/20/19............................. $ 33,361 $ 32,979,294
# 2.125%, 07/18/19............................. 2,613 2,596,038
# 2.200%, 01/10/20............................. 32,571 32,231,435
2.150%, 03/12/20............................. 15,060 14,864,308
Toyota Motor Credit Corp. Floating Rate Note 3M USD
LIBOR + 0.230%, FRN
(r) 2.069%, 08/15/18............................. 30,000 30,016,048
(r) 2.591%, 01/09/19............................. 22,158 22,194,587
(r) 2.743%, 01/17/19............................. 14,300 14,324,640
(r) 2.705%, 02/19/19............................. 7,347 7,388,891
USAA Capital Corp. Floating Rate Note 3M USD LIBOR
+ 0.230%, FRN
(r)## 2.588%, 02/01/19............................. 42,955 42,998,905
Walmart Inc
# 1.750%, 10/09/19............................. 9,000 8,910,695
Westpac Banking Corp.
# 1.950%, 11/23/18............................. 17,521 17,488,147
# 2.250%, 01/17/19............................. 79,463 79,315,959
1.600%, 08/19/19............................. 16,970 16,700,677
Westpac Banking Corp. Floating Rate Note 3M USD
LIBOR + 0.740%, FRN
(r) 3.099%, 07/30/18............................. 38,084 38,146,666
(r) 2.660%, 11/23/18............................. 22,189 22,269,954
(r)## 2.174%, 04/26/19............................. 21,000 21,006,084
(r) 2.530%, 05/13/19............................. 5,500 5,531,125
--------------
TOTAL BONDS......................................... 6,253,338,708
--------------
U.S. TREASURY OBLIGATIONS -- (7.9%)
U.S. Treasury Notes
0.750%, 02/15/19............................. 15,000 14,827,148
2.750%, 02/15/19............................. 20,000 20,081,250
1.500%, 02/28/19............................. 55,000 54,660,547
# 0.875%, 09/15/19............................. 100,000 97,949,219
1.000%, 10/15/19............................. 70,000 68,586,328
1.375%, 12/15/19............................. 50,000 49,150,391
# 1.875%, 12/31/19............................. 115,000 113,930,859
# 1.250%, 01/31/20............................. 10,000 9,794,141
# 1.375%, 02/15/20............................. 25,000 24,519,531
1.250%, 02/29/20............................. 30,000 29,340,234
1.625%, 03/15/20............................. 80,000 78,753,125
# 1.375%, 03/31/20............................. 50,000 48,964,844
# 1.500%, 04/15/20............................. 50,000 49,046,875
--------------
TOTAL U.S. TREASURY OBLIGATIONS..................... 659,604,492
--------------
TOTAL INVESTMENT SECURITIES......................... 7,417,336,063
--------------
CERTIFICATES OF DEPOSIT -- (0.5%)
Nordea Bank AB
1.610%, 05/02/18............................. 40,000 39,998,960
--------------
13
DFA ONE-YEAR FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
COMMERCIAL PAPER -- (5.8%)
Caisse des Depots et Consignations
2.000%, 06/04/18............................. $50,000 $49,906,083
2.155%, 07/24/18............................. 25,000 24,869,254
Erste Abwicklungsanstalt
2.200%, 06/21/18............................. 30,000 29,911,167
2.230%, 06/21/18............................. 55,000 54,837,139
2.250%, 06/22/18............................. 35,000 34,894,110
Export Development Canada
2.000%, 06/04/18............................. 15,000 14,972,977
Landesbank Hessen-Thuringen
2.160%, 06/11/18............................. 30,000 29,933,010
Nestle Capital Corp.
1.940%, 06/05/18............................. 50,000 49,911,200
Oesterreichische Kontrollbank AG
1.700%, 05/04/18............................. 25,000 24,995,192
1.900%, 06/28/18............................. 50,000 49,834,882
FACE
AMOUNT VALUE+
------ ------
(000)
PSP Capital, Inc.
2.060%, 06/14/18............................. $ 50,000 $ 49,878,437
2.050%, 06/19/18............................. 50,000 49,863,195
2.100%, 07/16/18............................. 25,000 24,885,944
--------------
TOTAL COMMERCIAL PAPER............................. 488,692,590
--------------
SHARES
------ -
TEMPORARY CASH INVESTMENTS -- (0.9%)
State Street Institutional U.S. Government
Money Market Fund, 1.630%................... 79,175,729 79,175,729
--------------
SECURITIES LENDING COLLATERAL -- (4.5%)
(S)@ DFA Short Term Investment Fund............... 32,743,849 378,846,334
--------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $8,445,188,240)............................ $8,404,049,676
==============
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
-------------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
----------- -------------- ------- --------------
Agency Obligations............ -- $ 504,392,863 -- $ 504,392,863
Bonds......................... -- 6,253,338,708 -- 6,253,338,708
U.S. Treasury Obligations..... -- 659,604,492 -- 659,604,492
Certificates of Deposit....... -- 39,998,960 -- 39,998,960
Commercial Paper.............. -- 488,692,590 -- 488,692,590
Temporary Cash Investments.... $79,175,729 -- -- 79,175,729
Securities Lending Collateral. -- 378,846,334 -- 378,846,334
----------- -------------- -- --------------
TOTAL......................... $79,175,729 $8,324,873,947 -- $8,404,049,676
=========== ============== == ==============
See accompanying Notes to Financial Statements.
14
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT^ VALUE+
------- ------
(000)
BONDS -- (89.9%)
AUSTRALIA -- (8.5%)
ANZ New Zealand International Ltd.
## 2.600%, 09/23/19............................. 750 $ 745,719
Australia & New Zealand Banking Group, Ltd.
# 2.250%, 06/13/19............................. 59,108 58,814,814
1.600%, 07/15/19............................. 8,565 8,432,608
2.050%, 09/23/19............................. 1,168 1,154,413
## 2.250%, 12/19/19............................. 12,000 11,899,102
# 2.250%, 11/09/20............................. 16,895 16,517,016
Commonwealth Bank of Australia
1.750%, 11/02/18............................. 4,630 4,609,334
1.625%, 02/04/19............................. EUR 2,253 2,759,367
2.250%, 03/13/19............................. 1,004 1,000,735
4.250%, 04/24/19............................. AUD 1,500 1,149,311
2.300%, 09/06/19............................. 11,019 10,929,995
5.000%, 10/15/19............................. 12,500 12,847,847
## 2.250%, 03/10/20............................. 10,000 9,842,167
## 2.050%, 09/18/20............................. 41,500 40,429,724
2.400%, 11/02/20............................. 25,800 25,377,017
National Australia Bank, Ltd.
4.250%, 05/20/19............................. AUD 26,850 20,592,366
# 2.250%, 07/01/19............................. 18,070 17,949,719
## 2.250%, 07/01/19............................. 18,482 18,358,976
1.375%, 07/12/19............................. 37,849 37,204,680
## 2.400%, 12/09/19............................. 2,492 2,471,709
# 2.250%, 01/10/20............................. 4,300 4,241,860
2.125%, 05/22/20............................. 14,706 14,424,756
# 2.625%, 07/23/20............................. 6,100 6,036,107
2.500%, 01/12/21............................. 10,000 9,800,390
Western Australian Treasury Corp.
2.500%, 07/22/20............................. AUD 10,000 7,565,291
Westpac Banking Corp.
2.250%, 01/17/19............................. 89,010 88,845,293
4.500%, 02/25/19............................. AUD 8,000 6,125,657
# 1.650%, 05/13/19............................. 6,200 6,125,073
1.600%, 08/19/19............................. 4,975 4,896,044
2.150%, 03/06/20............................. 5,000 4,921,606
2.300%, 05/26/20............................. 10,000 9,843,964
------------
TOTAL AUSTRALIA.................................. 465,912,660
------------
AUSTRIA -- (2.9%)
Oesterreichische Kontrollbank AG
# 1.750%, 01/24/20............................. 78,908 77,694,903
1.375%, 02/10/20............................. 50,518 49,403,573
# 1.875%, 01/20/21............................. 15,860 15,463,786
Republic of Austria Government Bond
## 0.250%, 10/18/19............................. EUR 12,400 15,142,127
------------
TOTAL AUSTRIA.................................... 157,704,389
------------
FACE
AMOUNT^ VALUE+
------- ------
(000)
BELGIUM -- (0.1%)
Dexia Credit Local SA
2.250%, 01/30/19............................. 5,944 $ 5,929,112
------------
CANADA -- (19.4%)
Alberta, Province of Canada
2.000%, 06/01/19............................. CAD 81,000 63,232,930
4.000%, 12/01/19............................. CAD 31,000 24,906,959
1.900%, 12/06/19............................. 33,700 33,260,854
## 1.750%, 08/26/20............................. 15,000 14,607,837
1.750%, 08/26/20............................. 15,800 15,404,463
Bank of Montreal
# 2.100%, 12/12/19............................. 6,015 5,936,585
Bank of Nova Scotia (The)
# 1.950%, 01/15/19............................. 8,363 8,327,278
2.050%, 06/05/19............................. 10,000 9,920,661
# 1.650%, 06/14/19............................. 15,000 14,808,628
British Columbia, Province of Canada
3.700%, 12/18/20............................. CAD 42,500 34,386,950
Canada Housing Trust No 1
## 1.950%, 06/15/19............................. CAD 143,000 111,603,372
## 3.750%, 03/15/20............................. CAD 30,000 24,129,912
## 1.450%, 06/15/20............................. CAD 10,000 7,698,586
## 1.250%, 12/15/20............................. CAD 15,000 11,429,651
Canadian Government Bond
0.750%, 08/01/19............................. CAD 55,000 42,309,241
CPPIB Capital, Inc.
1.100%, 06/10/19............................. CAD 45,000 34,771,214
## 1.250%, 09/20/19............................. 3,600 3,525,984
1.400%, 06/04/20............................. CAD 27,500 21,110,713
Export Development Canada
1.750%, 08/19/19............................. 18,000 17,818,920
## # 2.300%, 02/10/20............................. 10,000 9,938,546
Ontario, Province of Canada
4.400%, 06/02/19............................. CAD 41,000 32,826,185
2.100%, 09/08/19............................. CAD 72,000 56,226,676
4.000%, 10/07/19............................. 543 553,122
4.200%, 06/02/20............................. CAD 67,500 54,811,714
2.550%, 02/12/21............................. 10,000 9,886,035
Quebec, Province of Canada
4.500%, 12/01/19............................. CAD 31,000 25,098,906
4.500%, 12/01/20............................. CAD 77,000 63,460,306
Royal Bank of Canada
2.980%, 05/07/19............................. CAD 14,500 11,388,025
1.500%, 07/29/19............................. 838 824,828
2.125%, 03/02/20............................. 55,000 54,096,474
2.150%, 03/06/20............................. 18,715 18,430,818
1.920%, 07/17/20............................. CAD 42,000 32,308,875
2.500%, 01/19/21............................. 12,831 12,598,111
2.860%, 03/04/21............................. CAD 7,000 5,484,801
2.030%, 03/15/21............................. CAD 30,000 22,975,427
Toronto-Dominion Bank (The)
2.447%, 04/02/19............................. CAD 42,000 32,841,746
2.125%, 07/02/19............................. 3,153 3,132,836
# 1.450%, 08/13/19............................. 5,659 5,563,532
15
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
CANADA -- (Continued)
1.900%, 10/24/19............................. 29,675 $ 29,264,001
# 2.250%, 11/05/19............................. 23,000 22,808,398
1.693%, 04/02/20............................. CAD 35,000 26,898,438
2.563%, 06/24/20............................. CAD 40,000 31,223,023
# 2.550%, 01/25/21............................. 5,000 4,925,093
--------------
TOTAL CANADA..................................... 1,066,756,654
--------------
DENMARK -- (1.2%)
Kommunekredit
1.125%, 08/23/19............................. 61,900 60,732,318
1.750%, 01/10/20............................. 1,500 1,478,160
1.625%, 06/12/20............................. 4,500 4,396,370
--------------
TOTAL DENMARK.................................... 66,606,848
--------------
FINLAND -- (1.2%)
Finland Government International Bond
1.750%, 09/10/19............................. 6,200 6,136,239
Municipality Finance P.L.C.
1.250%, 04/18/19............................. 800 790,280
1.750%, 05/21/19............................. 35,300 35,010,399
1.500%, 03/23/20............................. 25,529 24,965,115
--------------
TOTAL FINLAND.................................... 66,902,033
--------------
FRANCE -- (7.1%)
Agence Francaise de Developpement
1.250%, 05/25/19............................. EUR 8,500 10,435,677
1.375%, 08/02/19............................. 19,800 19,481,834
1.625%, 01/21/20............................. 100,516 98,523,572
Caisse d'Amortissement de la Dette Sociale
## 1.750%, 09/24/19............................. 9,000 8,890,992
1.750%, 09/24/19............................. 42,445 41,930,906
1.875%, 01/13/20............................. 41,200 40,624,889
Dexia Credit Local SA
0.040%, 12/11/19............................. EUR 5,000 6,071,588
2.000%, 01/22/21............................. EUR 31,050 39,675,798
French Republic Government Bond OAT
0.0%, 02/25/21............................... EUR 56,500 68,891,616
IXIS Corporate & Investment Bank SA
5.875%, 02/24/20............................. GBP 4,000 5,963,173
Sanofi
1.875%, 09/04/20............................. EUR 3,000 3,769,247
Total Capital Canada, Ltd.
1.875%, 07/09/20............................. EUR 1,300 1,635,869
Total Capital International SA
# 2.125%, 01/10/19............................. 15,212 15,157,832
2.100%, 06/19/19............................. 6,623 6,584,205
Total Capital SA
# 4.450%, 06/24/20............................. 3,750 3,867,603
4.125%, 01/28/21............................. 6,000 6,160,043
FACE
AMOUNT^ VALUE+
------- ------
(000)
FRANCE -- (Continued)
UNEDIC ASSEO
0.0%, 11/25/20............................... EUR 13,000 $ 15,789,441
------------
TOTAL FRANCE..................................... 393,454,285
------------
GERMANY -- (8.0%)
Erste Abwicklungsanstalt
1.375%, 10/30/19............................. 26,600 26,085,848
--%, 02/25/21................................ EUR 3,000 3,641,674
FMS Wertmanagement
1.000%, 08/16/19............................. 71,500 70,110,755
FMS Wertmanagement
1.750%, 01/24/20............................. 29,450 29,006,378
FMS Wertmanagement AoeR
0.0%, 10/20/20............................... EUR 2,000 2,433,313
Kreditanstalt fuer Wiederaufbau
1.500%, 09/09/19............................. 104,600 103,150,919
1.250%, 09/30/19............................. 36,500 35,818,273
4.000%, 01/27/20............................. 5,000 5,114,873
6.000%, 08/20/20............................. AUD 14,500 11,794,389
1.375%, 02/01/21............................. GBP 1,000 1,388,097
NRW Bank
1.875%, 07/01/19............................. 16,264 16,123,154
1.250%, 07/29/19............................. 14,108 13,868,926
2.000%, 09/23/19............................. 12,000 11,887,068
1.875%, 01/27/20............................. 23,000 22,664,752
State of North Rhine-Westphalia Germany
1.875%, 06/17/19............................. 3,800 3,769,664
1.625%, 07/25/19............................. 22,700 22,427,169
1.250%, 09/16/19............................. 13,800 13,537,331
1.625%, 01/22/20............................. 48,650 47,730,563
------------
TOTAL GERMANY.................................... 440,553,146
------------
JAPAN -- (2.4%)
Toyota Credit Canada, Inc.
2.250%, 05/23/19............................. CAD 12,238 9,543,724
Toyota Motor Credit Corp.
1.700%, 01/09/19............................. 29,443 29,291,857
2.100%, 01/17/19............................. 6,359 6,345,771
# 1.700%, 02/19/19............................. 6,967 6,924,384
# 1.400%, 05/20/19............................. 25,596 25,303,139
# 2.125%, 07/18/19............................. 3,331 3,309,377
# 2.200%, 01/10/20............................. 14,459 14,308,260
# 2.150%, 03/12/20............................. 29,198 28,818,596
4.500%, 06/17/20............................. 4,500 4,649,304
4.250%, 01/11/21............................. 5,000 5,155,054
------------
TOTAL JAPAN...................................... 133,649,466
------------
LUXEMBOURG -- (0.3%)
European Financial Stability Facility
0.100%, 01/19/21............................. EUR 7,000 8,538,051
--%, 03/29/21................................ EUR 3,000 3,646,528
16
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
LUXEMBOURG -- (Continued)
Nestle Finance International, Ltd.
1.250%, 05/04/20............................. EUR 1,979 $ 2,452,530
------------
TOTAL LUXEMBOURG................................... 14,637,109
------------
NETHERLANDS -- (8.4%)
Bank Nederlandse Gemeenten NV
## 1.750%, 10/30/19............................. 7,500 7,403,197
1.750%, 10/30/19............................. 32,320 31,902,846
1.625%, 11/25/19............................. 2,800 2,754,531
1.375%, 12/09/19............................. GBP 15,133 20,985,510
## # 2.500%, 02/28/20............................. 17,000 16,922,106
1.750%, 03/24/20............................. 47,892 47,002,550
2.125%, 12/14/20............................. 15,000 14,727,000
4.375%, 02/16/21............................. 14,566 15,135,531
Cooperatieve Rabobank UA
2.250%, 01/14/19............................. 70,043 69,881,368
1.375%, 08/09/19............................. 1,320 1,294,160
# 2.250%, 01/14/20............................. 22,845 22,564,167
4.750%, 01/15/20............................. 5,000 5,140,280
## 4.750%, 01/15/20............................. 4,750 4,883,266
4.500%, 01/11/21............................. 2,962 3,060,370
4.125%, 01/12/21............................. EUR 500 669,862
4.625%, 01/13/21............................. GBP 850 1,268,175
2.500%, 01/19/21............................. 21,650 21,276,368
Nederlandse Waterschapsbank NV
1.750%, 09/05/19............................. 11,000 10,870,255
## 1.750%, 09/05/19............................. 26,700 26,385,073
1.250%, 09/09/19............................. 2,430 2,386,032
1.000%, 12/09/19............................. GBP 4,180 5,762,153
1.625%, 03/04/20............................. 39,199 38,430,700
Shell International Finance BV
# 1.375%, 05/10/19............................. 14,857 14,688,967
# 1.375%, 09/12/19............................. 41,375 40,641,118
4.300%, 09/22/19............................. 4,000 4,092,636
4.375%, 03/25/20............................. 14,278 14,690,428
2.250%, 11/10/20............................. 16,618 16,381,246
------------
TOTAL NETHERLANDS.................................. 461,199,895
------------
NEW ZEALAND -- (0.1%)
ANZ New Zealand International Ltd.
2.600%, 09/23/19............................. 4,823 4,795,473
------------
NORWAY -- (2.2%)
Kommunalbanken A.S.
2.125%, 03/15/19............................. 3,678 3,666,525
1.500%, 09/09/19............................. 6,500 6,406,413
1.500%, 10/22/19............................. 35,878 35,295,341
1.625%, 01/15/20............................. 3,000 2,948,007
Statoil ASA
2.250%, 11/08/19............................. 56,499 56,005,795
2.000%, 09/10/20............................. EUR 500 632,402
2.900%, 11/08/20............................. 10,673 10,672,443
5.625%, 03/11/21............................. EUR 2,476 3,460,281
------------
TOTAL NORWAY....................................... 119,087,207
------------
FACE
AMOUNT^ VALUE+
------- ------
(000)
SINGAPORE -- (2.7%)
Singapore Government Bond
2.500%, 06/01/19............................. SGD 115,000 $ 87,536,942
1.625%, 10/01/19............................. SGD 82,500 62,138,303
------------
TOTAL SINGAPORE.................................. 149,675,245
------------
SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (7.5%)
African Development Bank
1.125%, 09/20/19............................. 20,000 19,609,200
1.375%, 02/12/20............................. 24,438 23,906,302
1.875%, 03/16/20............................. 14,250 14,048,025
Asian Development Bank
2.800%, 01/19/21............................. AUD 9,000 6,832,321
Council Of Europe Development Bank
1.750%, 11/14/19............................. 3,779 3,732,027
1.250%, 12/23/19............................. GBP 3,000 4,155,168
1.625%, 03/10/20............................. 71,306 69,982,561
European Bank for Reconstruction & Development
1.750%, 11/26/19............................. 22,505 22,222,787
European Investment Bank
1.250%, 12/16/19............................. 9,000 8,808,660
2.250%, 03/07/20............................. GBP 6,700 9,453,026
# 1.625%, 03/16/20............................. 81,819 80,315,167
2.800%, 01/15/21............................. AUD 4,000 3,039,351
4.000%, 02/16/21............................. 15,000 15,482,031
# 2.000%, 03/15/21............................. 20,000 19,570,101
Inter-American Development Bank
# 1.125%, 09/12/19............................. 23,280 22,850,857
1.750%, 10/15/19............................. 2,500 2,472,460
International Bank for Reconstruction & Development
# 0.875%, 08/15/19............................. 19,850 19,446,469
1.875%, 10/07/19............................. 59,001 58,465,212
2.800%, 01/13/21............................. AUD 10,000 7,592,665
------------
TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS..... 411,984,390
------------
SWEDEN -- (8.6%)
Kommuninvest I Sverige AB
1.125%, 09/17/19............................. 14,700 14,404,015
2.000%, 11/12/19............................. 54,200 53,688,894
1.750%, 03/19/20............................. 50,260 49,392,311
2.500%, 12/01/20............................. SEK 308,000 37,395,058
Nordea Bank AB
2.375%, 04/04/19............................. 6,986 6,962,567
## 1.625%, 09/30/19............................. 16,000 15,696,075
Svensk Exportkredit AB
1.250%, 04/12/19............................. 3,645 3,603,999
1.875%, 06/17/19............................. 71,258 70,711,451
1.125%, 08/28/19............................. 9,250 9,074,487
17
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
SWEDEN -- (Continued)
1.750%, 08/28/20............................. 27,971 $ 27,295,468
# 1.750%, 03/10/21............................. 20,000 19,373,459
Svenska Handelsbanken AB
2.500%, 01/25/19............................. 86,287 86,192,052
4.500%, 04/10/19............................. AUD 2,500 1,917,767
2.250%, 06/17/19............................. 42,545 42,268,548
1.500%, 09/06/19............................. 21,261 20,860,702
1.950%, 09/08/20............................. 2,500 2,431,055
# 2.400%, 10/01/20............................. 4,000 3,929,369
3.000%, 11/20/20............................. GBP 1,000 1,435,025
Swedbank AB
## # 2.375%, 02/27/19............................. 7,579 7,551,693
------------
TOTAL SWEDEN....................................... 474,183,995
------------
UNITED STATES -- (9.3%)
Apple, Inc.
# 2.100%, 05/06/19............................. $ 8,148 8,128,364
2.850%, 08/28/19............................. AUD 3,680 2,784,415
1.500%, 09/12/19............................. 88,350 87,085,196
# 1.800%, 11/13/19............................. 5,000 4,939,250
# 1.550%, 02/07/20............................. 9,900 9,728,644
1.900%, 02/07/20............................. 22,408 22,127,228
2.000%, 11/13/20............................. 3,267 3,203,097
# 2.250%, 02/23/21............................. 18,600 18,285,557
Berkshire Hathaway, Inc.
2.100%, 08/14/19............................. 3,909 3,891,012
0.250%, 01/17/21............................. EUR 1,074 1,303,353
Chevron Corp.
1.686%, 02/28/19............................. 4,670 4,639,880
1.561%, 05/16/19............................. 31,115 30,819,719
# 2.193%, 11/15/19............................. 31,566 31,297,535
1.961%, 03/03/20............................. 4,150 4,094,556
1.991%, 03/03/20............................. 21,089 20,814,183
Cisco Systems, Inc.
2.125%, 03/01/19............................. 6,497 6,482,339
1.400%, 09/20/19............................. 33,306 32,787,488
4.450%, 01/15/20............................. 38,004 39,089,394
# 2.450%, 06/15/20............................. 9,935 9,876,471
# 2.200%, 02/28/21............................. 2,725 2,675,128
Coca-Cola Co. (The)
1.875%, 10/27/20............................. 4,077 3,984,693
Exxon Mobil Corp.
# 1.912%, 03/06/20............................. 19,700 19,436,249
# 2.222%, 03/01/21............................. 5,000 4,918,443
Merck & Co., Inc.
1.850%, 02/10/20............................. 18,426 18,158,845
Microsoft Corp.
# 4.200%, 06/01/19............................. 5,650 5,752,370
1.850%, 02/06/20............................. 12,000 11,839,338
# 1.850%, 02/12/20............................. 14,000 13,810,325
Nestle Holdings, Inc.
2.125%, 01/14/20............................. 5,500 5,435,634
1.750%, 12/09/20............................. GBP 2,400 3,350,792
Novartis Capital Corp.
# 1.800%, 02/14/20............................. 7,805 7,675,041
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Oracle Corp.
2.250%, 01/10/21............................. EUR 22,330 $ 28,580,946
Pfizer, Inc.
2.100%, 05/15/19............................. 24,850 24,735,186
Procter & Gamble Co. (The)
4.125%, 12/07/20............................. EUR 2,791 3,735,163
# 1.850%, 02/02/21............................. 8,890 8,653,566
Walmart Inc
1.750%, 10/09/19............................. 8,900 8,811,688
--------------
TOTAL UNITED STATES.............................. 512,931,088
--------------
TOTAL BONDS...................................... 4,945,962,995
--------------
AGENCY OBLIGATIONS -- (5.4%)
Federal Home Loan Bank
2.000%, 09/13/19............................. 35,000 34,801,060
# 1.500%, 10/21/19............................. 29,000 28,600,235
1.375%, 11/15/19............................. 5,000 4,921,750
2.125%, 02/11/20............................. 5,000 4,965,715
1.875%, 03/13/20............................. 24,000 23,716,224
4.125%, 03/13/20............................. 39,900 41,026,776
2.375%, 03/30/20............................. 32,100 32,002,223
Federal Home Loan Mortgage Corp.
1.250%, 10/02/19............................. 56,300 55,365,589
Federal National Mortgage Association
1.750%, 09/12/19............................. 7,000 6,938,246
1.000%, 10/24/19............................. 25,000 24,469,975
# 1.500%, 02/28/20............................. 42,000 41,246,814
--------------
TOTAL AGENCY OBLIGATIONS......................... 298,054,607
--------------
U.S. TREASURY OBLIGATIONS -- (1.6%)
U.S. Treasury Notes
1.000%, 10/15/19............................. 10,000 9,798,047
1.250%, 01/31/20............................. 15,000 14,691,211
1.250%, 02/29/20............................. 20,000 19,560,156
1.375%, 03/31/20............................. 20,000 19,585,938
1.500%, 04/15/20............................. 25,000 24,523,437
--------------
TOTAL U.S. TREASURY OBLIGATIONS.................. 88,158,789
--------------
TOTAL INVESTMENT SECURITIES...................... 5,332,176,391
--------------
18
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
SHARES VALUE+
- ------ ------
SECURITIES LENDING COLLATERAL -- (3.1%)
(S)@ DFA Short Term Investment Fund............... 14,693,669 $ 170,005,749
--------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $5,548,227,723)............................ $5,502,182,140
==============
At April 30, 2018, DFA Two-Year Global Fixed Income Portfolio had entered into
the following forward currency contracts and the net unrealized forward
currency gain (loss) is reflected in the accompanying financial statements:
UNREALIZED
FOREIGN
EXCHANGE
SETTLEMENT APPRECIATION
CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION)
------------------ --------------- ---------------------------- ---------- --------------
USD 22,947,816 SGD 30,221,608 UBS AG 05/14/18 $ 151,401
USD 22,114,797 SGD 28,981,472 JP Morgan 05/17/18 252,561
USD 11,199,769 SGD 14,762,707 Citibank, N.A. 05/25/18 61,769
USD 19,470,198 SGD 25,536,710 State Street Bank and Trust 07/03/18 185,128
USD 88,864,360 EUR 72,029,035 State Street Bank and Trust 07/03/18 1,468,674
USD 88,744,291 EUR 71,909,139 State Street Bank and Trust 07/05/18 1,480,610
USD 131,997,623 CAD 168,477,186 State Street Bank and Trust 07/06/18 575,071
USD 55,950,159 GBP 39,347,321 UBS AG 07/10/18 1,596,655
USD 89,550,160 CAD 112,824,515 Bank of America Corp. 07/10/18 1,532,817
USD 96,666,882 CAD 121,588,668 HSBC Bank 07/11/18 1,810,431
USD 121,164,612 CAD 152,465,478 JP Morgan 07/13/18 2,214,930
USD 24,409,149 CAD 31,268,947 JP Morgan 07/16/18 12,396
USD 88,278,376 CAD 110,689,466 JP Morgan 07/16/18 1,915,907
USD 8,765,517 AUD 11,284,706 State Street Bank and Trust 07/17/18 267,152
USD 127,822,023 CAD 160,808,579 State Street Bank and Trust 07/19/18 2,347,670
USD 74,514,776 AUD 96,853,567 HSBC Bank 07/20/18 1,573,927
USD 125,456,379 CAD 158,845,954 Morgan Stanley 07/20/18 1,510,839
USD 15,531,076 SGD 20,500,030 State Street Bank and Trust 07/23/18 42,187
USD 21,551,508 SGD 28,450,210 Citibank, N.A. 07/24/18 55,305
USD 39,330,617 SEK 334,220,926 UBS AG 07/25/18 913,019
USD 51,832,752 EUR 42,310,392 State Street Bank and Trust 07/26/18 404,582
-----------
TOTAL APPRECIATION $20,373,031
AUD 15,099,888 USD 11,403,511 UBS AG 07/20/18 $ (31,719)
CAD 10,438,926 USD 8,319,898 Citibank, N.A. 07/06/18 (176,895)
CAD 303,420 USD 236,754 Citibank, N.A. 07/19/18 (4)
USD 22,714,970 SGD 30,136,133 Citibank, N.A. 07/25/18 (55,619)
USD 15,164,946 SGD 20,085,107 Bank of America Corp. 07/26/18 (11,545)
-----------
TOTAL (DEPRECIATION) $ (275,782)
-----------
TOTAL APPRECIATION
(DEPRECIATION) $20,097,249
===========
19
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
---------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- -------------- ------- --------------
Bonds
Australia.............................. -- $465,912,660 -- $465,912,660
Austria................................ -- 157,704,389 -- 157,704,389
Belgium................................ -- 5,929,112 -- 5,929,112
Canada................................. -- 1,066,756,654 -- 1,066,756,654
Denmark................................ -- 66,606,848 -- 66,606,848
Finland................................ -- 66,902,033 -- 66,902,033
France................................. -- 393,454,285 -- 393,454,285
Germany................................ -- 440,553,146 -- 440,553,146
Japan.................................. -- 133,649,466 -- 133,649,466
Luxembourg............................. -- 14,637,109 -- 14,637,109
Netherlands............................ -- 461,199,895 -- 461,199,895
New Zealand............................ -- 4,795,473 -- 4,795,473
Norway................................. -- 119,087,207 -- 119,087,207
Singapore.............................. -- 149,675,245 -- 149,675,245
Supranational Organization Obligations. -- 411,984,390 -- 411,984,390
Sweden................................. -- 474,183,995 -- 474,183,995
United States.......................... -- 512,931,088 -- 512,931,088
Agency Obligations....................... -- 298,054,607 -- 298,054,607
U.S. Treasury Obligations................ -- 88,158,789 -- 88,158,789
Securities Lending Collateral............ -- 170,005,749 -- 170,005,749
Forward Currency Contracts**............. -- 20,097,249 -- 20,097,249
-- -------------- -- --------------
TOTAL.................................... -- $5,522,279,389 -- $5,522,279,389
== ============== == ==============
**Valued at the unrealized appreciation/(depreciation) on the investment.
See accompanying Notes to Financial Statements.
20
DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT^ VALUE+
------- ------
(000)
BONDS -- (90.1%)
AUSTRALIA -- (6.8%)
ASB Finance, Ltd.
0.500%, 06/10/22............................. EUR 2,000 $ 2,411,649
Australia & New Zealand Banking Group, Ltd.
# 2.700%, 11/16/20............................. 7,000 6,922,458
3.300%, 03/07/22............................. AUD 2,000 1,515,779
2.625%, 11/09/22............................. 6,667 6,409,504
Commonwealth Bank of Australia
2.300%, 03/12/20............................. 1,310 1,292,564
2.900%, 07/12/21............................. AUD 2,000 1,500,948
3.250%, 01/17/22............................. AUD 1,000 757,369
## 2.750%, 03/10/22............................. 2,000 1,950,399
3.250%, 03/31/22............................. AUD 6,000 4,534,174
0.500%, 07/11/22............................. EUR 5,725 6,927,840
Macquarie Group, Ltd.
## 3.000%, 12/03/18............................. 4,475 4,483,032
National Australia Bank, Ltd.
## 2.400%, 12/09/19............................. 15,000 14,877,865
2.625%, 01/14/21............................. 1,905 1,875,583
3.000%, 05/12/21............................. AUD 1,000 753,869
1.875%, 07/12/21............................. 1,350 1,292,708
0.875%, 01/20/22............................. EUR 1,112 1,368,059
2.500%, 05/22/22............................. 3,968 3,828,304
0.350%, 09/07/22............................. EUR 1,500 1,801,817
Westpac Banking Corp.
4.875%, 11/19/19............................. 5,000 5,143,957
0.250%, 01/17/22............................. EUR 8,500 10,215,481
-----------
TOTAL AUSTRALIA.................................. 79,863,359
-----------
AUSTRIA -- (0.6%)
Republic of Austria Government Bond
## 0.0%, 09/20/22............................... EUR 6,100 7,389,128
-----------
BELGIUM -- (0.8%)
Anheuser-Busch InBev Finance, Inc.
2.625%, 01/17/23............................. 3,327 3,202,135
Dexia Credit Local SA
0.625%, 01/21/22............................. EUR 1,250 1,540,520
0.250%, 06/02/22............................. EUR 2,000 2,425,415
1.125%, 06/15/22............................. GBP 2,000 2,716,002
-----------
TOTAL BELGIUM.................................... 9,884,072
-----------
CANADA -- (5.8%)
Bank of Montreal
1.900%, 08/27/21............................. 4,000 3,827,520
Bank of Nova Scotia (The)
2.050%, 06/05/19............................. 5,000 4,960,330
# 2.800%, 07/21/21............................. 420 414,757
FACE
AMOUNT^ VALUE+
------- ------
(000)
CANADA -- (Continued)
Goldcorp, Inc.
3.625%, 06/09/21............................. 500 $ 500,074
Province of British Columbia Canada
3.250%, 12/18/21............................. CAD 5,000 4,013,201
Province of Ontario Canada
2.500%, 09/10/21............................. 15,000 14,730,040
Province of Quebec Canada
0.875%, 05/24/22............................. GBP 4,730 6,374,370
Quebec, Province of Canada
4.500%, 12/01/18............................. CAD 9,000 7,129,133
Royal Bank of Canada
2.150%, 03/06/20............................. 7,197 7,087,716
2.750%, 02/01/22............................. 5,614 5,499,886
1.968%, 03/02/22............................. CAD 8,000 6,051,513
Toronto-Dominion Bank (The)
1.994%, 03/23/22............................. CAD 10,000 7,577,086
-----------
TOTAL CANADA..................................... 68,165,626
-----------
DENMARK -- (0.4%)
Danske Bank A.S.
## 2.800%, 03/10/21............................. 5,000 4,931,194
-----------
FINLAND -- (1.4%)
Finland Government Bond
## 1.625%, 09/15/22............................. EUR 12,000 15,579,688
OP Corporate Bank P.L.C.
0.750%, 03/03/22............................. EUR 725 889,077
0.375%, 10/11/22............................. EUR 500 601,538
-----------
TOTAL FINLAND.................................... 17,070,303
-----------
FRANCE -- (5.3%)
BPCE SA
1.125%, 12/14/22............................. EUR 1,800 2,237,703
Caisse d'Amortissement de la Dette Sociale
0.125%, 11/25/22............................. EUR 3,500 4,241,544
Credit Agricole SA
## 2.750%, 06/10/20............................. 5,000 4,950,735
Electricite de France SA
## 2.350%, 10/13/20............................. 5,300 5,211,150
French Republic Government Bond OAT
--%, 05/25/22................................ EUR 10,400 12,617,650
2.250%, 10/25/22............................. EUR 8,500 11,329,857
Societe Generale SA
## 2.500%, 04/08/21............................. 4,200 4,094,181
Total Capital Canada, Ltd.
1.125%, 03/18/22............................. EUR 1,500 1,872,909
21
DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
FRANCE -- (Continued)
Total Capital SA
4.450%, 06/24/20............................. 8,000 $ 8,250,887
4.125%, 01/28/21............................. 4,000 4,106,695
Unedic Asseo
0.875%, 10/25/22............................. EUR 3,400 4,253,941
-----------
TOTAL FRANCE....................................... 63,167,252
-----------
GERMANY -- (5.7%)
Bayer U.S. Finance LLC
## 2.375%, 10/08/19............................. 5,000 4,951,590
BMW US Capital LLC
## # 2.000%, 04/11/21............................. 2,365 2,280,325
Deutsche Bank AG
2.950%, 08/20/20............................. 1,000 984,050
1.500%, 01/20/22............................. EUR 1,000 1,227,179
FMS Wertmanagement AoeR
1.625%, 11/20/18............................. 6,800 6,772,663
0.875%, 02/14/22............................. GBP 2,000 2,722,340
Kreditanstalt fuer Wiederaufbau
1.500%, 04/20/20............................. 14,000 13,678,250
0.875%, 03/15/22............................. GBP 12,110 16,470,200
2.900%, 06/06/22............................. AUD 1,000 757,781
--%, 12/15/22................................ EUR 2,000 2,410,190
NRW Bank
--%, 08/10/22................................ EUR 5,000 6,023,652
--%, 11/11/22................................ EUR 5,000 6,010,532
Volkswagen Group of America Finance LLC
## 2.400%, 05/22/20............................. 3,625 3,565,041
-----------
TOTAL GERMANY...................................... 67,853,793
-----------
IRELAND -- (0.7%)
Allergan Finance LLC
3.250%, 10/01/22............................. 2,800 2,711,712
Allergan Funding SCS
3.450%, 03/15/22............................. 6,000 5,898,159
-----------
TOTAL IRELAND...................................... 8,609,871
-----------
ITALY -- (1.0%)
Intesa Sanpaolo SpA
0.875%, 06/27/22............................. EUR 3,000 3,653,096
## # 3.125%, 07/14/22............................. 4,550 4,383,334
Italy Buoni Poliennali Del Tesoro
1.450%, 09/15/22............................. EUR 2,900 3,645,539
-----------
TOTAL ITALY........................................ 11,681,969
-----------
JAPAN -- (4.1%)
American Honda Finance Corp.
# 2.450%, 09/24/20............................. 3,300 3,261,879
Mitsubishi UFJ Financial Group, Inc.
0.680%, 01/26/23............................. EUR 1,790 2,157,998
FACE
AMOUNT^ VALUE+
------- ------
(000)
JAPAN -- (Continued)
Mizuho Financial Group, Inc.
## 2.632%, 04/12/21............................. 4,000 $ 3,906,016
MUFG Bank, Ltd.
## 2.350%, 09/08/19............................. $ 3,000 2,973,382
MUFG Union Bank NA
# 2.625%, 09/26/18............................. 2,245 2,244,639
Nissan Motor Acceptance Corp.
## 2.550%, 03/08/21............................. 3,500 3,424,952
Sumitomo Mitsui Financial Group, Inc.
2.058%, 07/14/21............................. 3,000 2,882,837
Toyota Credit Canada, Inc.
2.020%, 02/28/22............................. CAD 4,000 3,027,377
Toyota Motor Credit Corp.
# 1.900%, 04/08/21............................. 20,928 20,300,368
2.600%, 01/11/22............................. 3,152 3,085,129
0.750%, 07/21/22............................. EUR 500 613,729
-----------
TOTAL JAPAN...................................... 47,878,306
-----------
LUXEMBOURG -- (0.7%)
European Financial Stability Facility
0.500%, 01/20/23............................. EUR 6,500 8,008,121
-----------
NETHERLANDS -- (5.0%)
Bank Nederlandse Gemeenten NV
1.875%, 06/11/19............................. 5,000 4,962,320
1.750%, 03/24/20............................. 10,000 9,814,280
1.000%, 03/15/22............................. GBP 1,000 1,362,382
0.500%, 08/26/22............................. EUR 5,000 6,151,030
Cooperatieve Rabobank UA
0.125%, 10/11/21............................. EUR 900 1,083,940
2.750%, 01/10/22............................. 810 792,001
4.000%, 01/11/22............................. EUR 980 1,346,096
4.750%, 06/06/22............................. EUR 1,367 1,944,882
ING Bank NV
## 2.750%, 03/22/21............................. 5,000 4,931,618
Mylan, Inc.
# 2.550%, 03/28/19............................. 4,400 4,382,761
Shell International Finance BV
# 4.375%, 03/25/20............................. 10,000 10,288,855
# 2.250%, 11/10/20............................. 4,606 4,540,379
1.750%, 09/12/21............................. 7,000 6,711,581
Volkswagen International Finance NV
0.875%, 01/16/23............................. EUR 300 365,250
-----------
TOTAL NETHERLANDS................................ 58,677,375
-----------
NORWAY -- (1.1%)
Kommunalbanken A.S.
2.250%, 01/25/22............................. 13,250 12,899,312
-----------
22
DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
SPAIN -- (0.7%)
Banco Santander SA
# 3.848%, 04/12/23............................. 3,000 $ 2,976,136
Santander UK P.L.C.
2.375%, 03/16/20............................. 2,000 1,974,033
Spain Government Bond
## 5.400%, 01/31/23............................. EUR 2,500 3,753,781
-----------
TOTAL SPAIN...................................... 8,703,950
-----------
SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (6.7%)
Asian Development Bank
1.375%, 01/15/19............................. 6,000 5,959,857
European Financial Stability Facility
0.0%, 11/17/22............................... EUR 21,960 26,485,316
European Investment Bank
# 1.875%, 03/15/19............................. 10,000 9,955,117
1.750%, 06/17/19............................. 5,000 4,959,750
4.250%, 12/07/21............................. GBP 220 335,321
5.000%, 08/22/22............................. AUD 1,000 822,993
European Stability Mechanism
0.0%, 10/18/22............................... EUR 17,350 20,925,434
International Bank for Reconstruction &
Development
0.750%, 12/07/21............................. GBP 5,000 6,790,783
International Finance Corp.
2.800%, 08/15/22............................. AUD 4,500 3,401,511
-----------
TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS..... 79,636,082
-----------
SWEDEN -- (7.8%)
Kommuninvest I Sverige AB
0.250%, 06/01/22............................. SEK 269,000 30,689,282
Nordea Bank AB
0.300%, 06/30/22............................. EUR 5,000 6,019,788
Skandinaviska Enskilda Banken AB
0.300%, 02/17/22............................. EUR 1,250 1,509,112
1.250%, 08/05/22............................. GBP 2,000 2,708,287
Svenska Handelsbanken AB
2.400%, 10/01/20............................. 15,145 14,877,572
0.250%, 02/28/22............................. EUR 4,600 5,542,471
Sweden Government Bond
3.500%, 06/01/22............................. SEK 231,000 30,381,895
-----------
TOTAL SWEDEN..................................... 91,728,407
-----------
FACE
AMOUNT^ VALUE+
------- ------
(000)
SWITZERLAND -- (0.4%)
Credit Suisse Group Funding Guernsey, Ltd.
1.250%, 04/14/22............................. EUR 1,000 $ 1,234,058
UBS AG
2.375%, 08/14/19............................. 667 663,298
UBS Group Funding Switzerland AG
1.750%, 11/16/22............................. EUR 2,000 2,524,159
-----------
TOTAL SWITZERLAND................................ 4,421,515
-----------
UNITED KINGDOM -- (1.8%)
Anglo American Capital P.L.C.
## 3.750%, 04/10/22............................. 3,733 3,698,395
AstraZeneca P.L.C.
2.375%, 11/16/20............................. 5,000 4,916,662
Barclays P.L.C.
# 2.750%, 11/08/19............................. 8,000 7,944,936
BP Capital Markets P.L.C.
2.315%, 02/13/20............................. 856 847,966
British Telecommunications P.L.C.
0.500%, 06/23/22............................. EUR 400 482,207
HSBC USA, Inc.
2.350%, 03/05/20............................. 2,825 2,790,477
Unilever Capital Corp.
4.250%, 02/10/21............................. 1,000 1,032,805
-----------
TOTAL UNITED KINGDOM............................. 21,713,448
-----------
UNITED STATES -- (33.3%)
Abbott Laboratories
2.000%, 03/15/20............................. $ 6,774 6,650,655
AbbVie, Inc.
2.500%, 05/14/20............................. 1,422 1,404,995
Activision Blizzard, Inc.
2.600%, 06/15/22............................. 5,000 4,825,992
Air Products & Chemicals, Inc.
3.000%, 11/03/21............................. 3,990 3,964,738
Altria Group, Inc.
2.850%, 08/09/22............................. 5,700 5,552,418
Ameren Corp.
2.700%, 11/15/20............................. 1,000 986,242
American Express Credit Corp.
# 2.250%, 08/15/19............................. 2,500 2,485,288
American Honda Finance Corp.
1.375%, 11/10/22............................. EUR 2,000 2,515,044
AmerisourceBergen Corp.
# 3.500%, 11/15/21............................. 5,000 5,009,650
Amgen, Inc.
2.200%, 05/22/19............................. 575 572,234
See accompanying Notes to Financial Statements.
23
DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Apache Corp.
6.900%, 09/15/18............................. 4,890 $ 4,967,113
Apple, Inc.
2.250%, 02/23/21............................. 12,050 11,846,288
2.850%, 05/06/21............................. 11,176 11,138,257
AutoZone, Inc.
2.875%, 01/15/23............................. 3,000 2,894,113
Bank of America Corp.
2.600%, 01/15/19............................. 1,670 1,669,699
2.650%, 04/01/19............................. 1,000 1,000,223
Biogen, Inc.
2.900%, 09/15/20............................. 5,000 4,976,017
Booking Holdings, Inc.
0.800%, 03/10/22............................. EUR 1,900 2,320,325
Boston Scientific Corp.
6.000%, 01/15/20............................. 1,433 1,496,304
Bristol-Myers Squibb Co.
# 1.750%, 03/01/19............................. 1,200 1,192,149
Capital One NA/Mclean
2.950%, 07/23/21............................. 4,495 4,418,568
CBS Corp.
2.300%, 08/15/19............................. 1,417 1,403,133
Celgene Corp.
2.250%, 05/15/19............................. 1,300 1,291,774
3.550%, 08/15/22............................. 1,777 1,763,396
Chevron Corp.
# 2.419%, 11/17/20............................. 10,000 9,937,167
2.100%, 05/16/21............................. 2,200 2,145,797
# 2.498%, 03/03/22............................. 3,000 2,937,296
Cigna Corp.
4.500%, 03/15/21............................. 1,000 1,024,696
Cisco Systems, Inc.
2.200%, 02/28/21............................. 5,000 4,908,491
Citizens Bank NA
# 2.550%, 05/13/21............................. 2,836 2,774,206
Comerica, Inc.
2.125%, 05/23/19............................. 700 695,745
Conagra Brands, Inc.
3.200%, 01/25/23............................. 2,000 1,962,412
CVS Health Corp.
2.250%, 08/12/19............................. 600 595,020
# 2.800%, 07/20/20............................. 2,665 2,648,568
Discovery Communications LLC
## 2.750%, 11/15/19............................. 6,000 5,965,201
Dominion Energy, Inc.
2.500%, 12/01/19............................. 4,667 4,610,961
Dow Chemical Co. (The)
3.000%, 11/15/22............................. 1,000 973,737
Dr Pepper Snapple Group, Inc.
2.700%, 11/15/22............................. 1,000 950,810
DTE Energy Co.
2.400%, 12/01/19............................. 2,210 2,179,852
E*TRADE Financial Corp.
2.950%, 08/24/22............................. 4,000 3,874,975
eBay, Inc.
# 2.200%, 08/01/19............................. 5,500 5,465,306
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Exelon Generation Co. LLC
4.250%, 06/15/22............................. 1,000 $ 1,023,673
Express Scripts Holding Co.
2.250%, 06/15/19............................. 2,865 2,842,056
Exxon Mobil Corp.
# 1.912%, 03/06/20............................. 5,009 4,941,938
2.222%, 03/01/21............................. 2,800 2,754,328
Fifth Third Bancorp
2.300%, 03/01/19............................. 2,270 2,262,090
Fifth Third Bank
2.375%, 04/25/19............................. 453 452,010
Ford Motor Credit Co. LLC
5.000%, 05/15/18............................. 1,387 1,388,343
Fortune Brands Home & Security, Inc.
3.000%, 06/15/20............................. 3,000 2,973,438
GATX Corp.
2.500%, 03/15/19............................. 3,000 2,991,082
GE Capital International Funding Co., Unlimited Co.
2.342%, 11/15/20............................. 12,715 12,428,682
General Electric Co.
0.375%, 05/17/22............................. EUR 4,523 5,429,529
General Motors Financial Co., Inc.
3.450%, 01/14/22............................. 5,000 4,944,584
Gilead Sciences, Inc.
# 2.550%, 09/01/20............................. 2,118 2,101,840
Goldman Sachs Group, Inc. (The)
2.625%, 04/25/21............................. 500 489,351
5.250%, 07/27/21............................. 5,000 5,285,863
Harley-Davidson Financial Services, Inc.
## 2.150%, 02/26/20............................. 5,000 4,905,363
Hershey Co. (The)
4.125%, 12/01/20............................. 300 308,567
Humana, Inc.
2.625%, 10/01/19............................. 1,455 1,448,645
Huntington Bancshares, Inc.
2.600%, 08/02/18............................. 4,400 4,401,024
International Business Machines Corp.
2.500%, 01/27/22............................. 5,000 4,870,640
Johnson & Johnson
# 1.650%, 03/01/21............................. 4,452 4,323,412
0.250%, 01/20/22............................. EUR 4,200 5,092,125
Kellogg Co.
0.800%, 11/17/22............................. EUR 450 546,976
KeyCorp
2.900%, 09/15/20............................. 2,142 2,126,793
Kroger Co. (The)
2.300%, 01/15/19............................. 1,700 1,694,801
L3 Technologies, Inc.
4.750%, 07/15/20............................. 1,553 1,605,936
Legg Mason, Inc.
2.700%, 07/15/19............................. 5,425 5,395,469
24
DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Lockheed Martin Corp.
# 2.500%, 11/23/20............................. 3,500 $ 3,458,502
Marathon Petroleum Corp.
3.400%, 12/15/20............................. 3,500 3,513,337
Marriott International, Inc.
6.750%, 05/15/18............................. 1,000 1,001,545
Marsh & McLennan Cos., Inc.
2.350%, 09/10/19............................. 2,200 2,181,590
Mastercard, Inc.
1.100%, 12/01/22............................. EUR 1,000 1,239,015
Mead Johnson Nutrition Co.
3.000%, 11/15/20............................. 2,800 2,792,750
Merck & Co., Inc.
# 3.875%, 01/15/21............................. 6,244 6,386,968
MetLife, Inc.
# 4.750%, 02/08/21............................. 2,300 2,391,778
Microsoft Corp.
1.850%, 02/12/20............................. 2,000 1,972,904
1.550%, 08/08/21............................. 1,178 1,128,788
Mondelez International Holdings Netherlands BV
## 2.000%, 10/28/21............................. 6,000 5,712,257
Monsanto Co.
2.125%, 07/15/19............................. 2,500 2,477,449
Morgan Stanley
7.300%, 05/13/19............................. 1,800 1,881,399
# 2.375%, 07/23/19............................. 1,365 1,358,582
Mosaic Co. (The)
3.750%, 11/15/21............................. 6,000 5,985,739
National Oilwell Varco, Inc.
# 2.600%, 12/01/22............................. 4,000 3,810,943
NextEra Energy Capital Holdings, Inc.
2.400%, 09/15/19............................. 3,850 3,821,034
Nordstrom, Inc.
4.750%, 05/01/20............................. 5,225 5,373,341
Nuveen Finance LLC
## 2.950%, 11/01/19............................. 3,474 3,461,733
NVIDIA Corp.
# 2.200%, 09/16/21............................. 575 557,884
Omnicom Group, Inc.
4.450%, 08/15/20............................. 1,000 1,026,611
3.625%, 05/01/22............................. 2,000 2,001,314
ONEOK Partners L.P.
3.375%, 10/01/22............................. 1,000 983,002
Oracle Corp.
1.900%, 09/15/21............................. 20,000 19,297,011
Pacific Gas & Electric Co.
3.500%, 10/01/20............................. 100 100,212
Penske Truck Leasing Co. L.P. / PTL Finance Corp.
## 3.375%, 02/01/22............................. 361 357,187
PepsiCo, Inc.
4.500%, 01/15/20............................. 451 464,872
Pfizer, Inc.
0.250%, 03/06/22............................. EUR 13,680 16,506,566
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Procter & Gamble Co. (The)
2.150%, 08/11/22............................. 7,369 $ 7,096,636
2.000%, 08/16/22............................. EUR 400 517,498
Progress Energy, Inc.
4.400%, 01/15/21............................. 1,500 1,535,488
Regions Financial Corp.
2.750%, 08/14/22............................. 1,500 1,446,026
Republic Services, Inc.
3.800%, 05/15/18............................. 233 233,117
Roper Technologies, Inc.
2.800%, 12/15/21............................. 1,000 977,352
Santander Holdings USA, Inc.
# 3.400%, 01/18/23............................. 6,525 6,320,251
Sherwin-Williams Co. (The)
# 2.750%, 06/01/22............................. 2,000 1,936,376
Southern Co. (The)
2.750%, 06/15/20............................. 5,000 4,953,889
Southwest Airlines Co.
2.750%, 11/06/19............................. 5,000 4,975,336
State Street Corp.
2.550%, 08/18/20............................. 2,000 1,984,429
Stryker Corp.
2.625%, 03/15/21............................. 2,400 2,367,288
SunTrust Banks, Inc.
2.900%, 03/03/21............................. 1,070 1,058,982
Time Warner, Inc.
4.875%, 03/15/20............................. 2,635 2,721,543
4.000%, 01/15/22............................. 3,470 3,525,381
Union Pacific Corp.
1.800%, 02/01/20............................. 844 829,121
4.000%, 02/01/21............................. 1,470 1,504,025
UnitedHealth Group, Inc.
2.300%, 12/15/19............................. 710 705,075
Verizon Communications, Inc.
4.600%, 04/01/21............................. 1,197 1,244,525
3.125%, 03/16/22............................. 3,650 3,608,334
Viacom, Inc.
4.500%, 03/01/21............................. 6,000 6,159,496
Walgreens Boots Alliance, Inc.
2.700%, 11/18/19............................. 1,590 1,584,435
Wells Fargo & Co.
2.150%, 01/30/20............................. 750 740,086
1.500%, 09/12/22............................. EUR 300 375,128
Wisconsin Electric Power Co.
1.700%, 06/15/18............................. 535 534,552
Xerox Corp.
4.070%, 03/17/22............................. 2,900 2,879,913
Zimmer Biomet Holdings, Inc.
2.700%, 04/01/20............................. 2,210 2,188,890
--------------
TOTAL UNITED STATES.............................. 394,270,898
--------------
TOTAL BONDS...................................... 1,066,553,981
--------------
25
DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
U.S. TREASURY OBLIGATIONS -- (8.0%)
U.S. Treasury Notes
0.750%, 02/15/19............................. 75,500 $ 74,629,980
1.500%, 05/31/19............................. 20,000 19,826,563
--------------
TOTAL U.S. TREASURY OBLIGATIONS.................. 94,456,543
--------------
TOTAL INVESTMENT SECURITIES...................... 1,161,010,524
--------------
SHARES VALUE+
------ ------
SECURITIES LENDING COLLATERAL -- (1.9%)
(S)@ DFA Short Term Investment Fund............... 1,893,506 $ 21,907,864
--------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $1,196,172,461)............................ $1,182,918,388
==============
At April 30, 2018, DFA Selectively Hedged Global Fixed Income Portfolio had
entered into the following forward currency contracts and the net unrealized
forward currency gain (loss) is reflected in the accompanying financial
statements:
UNREALIZED
FOREIGN
EXCHANGE
SETTLEMENT APPRECIATION
CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION)
------------------ --------------- ---------------------------- ------------------ --------------
USD 102,909,839 EUR 83,248,385 State Street Bank and Trust 05/08/18 $2,344,038
USD 28,054,966 CAD 35,969,608 Bank of America Corp. 06/11/18 15,047
USD 65,674,821 SEK 533,978,795 State Street Bank and Trust 06/12/18 4,511,211
USD 14,479,081 AUD 18,856,236 Citibank, N.A. 06/28/18 280,634
USD 40,254,866 GBP 28,715,057 State Street Bank and Trust 07/23/18 564,330
USD 138,152,812 EUR 112,141,246 State Street Bank and Trust 07/23/18 1,877,033
----------
TOTAL APPRECIATION $9,592,293
==========
26
DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
---------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- -------------- ------- --------------
Bonds
Australia.......... -- $ 79,863,359 -- $ 79,863,359
Austria............ -- 7,389,128 -- 7,389,128
Belgium............ -- 9,884,072 -- 9,884,072
Canada............. -- 68,165,626 -- 68,165,626
Denmark............ -- 4,931,194 -- 4,931,194
Finland............ -- 17,070,303 -- 17,070,303
France............. -- 63,167,252 -- 63,167,252
Germany............ -- 67,853,793 -- 67,853,793
Ireland............ -- 8,609,871 -- 8,609,871
Italy.............. -- 11,681,969 -- 11,681,969
Japan.............. -- 47,878,306 -- 47,878,306
Luxembourg......... -- 8,008,121 -- 8,008,121
Netherlands........ -- 58,677,375 -- 58,677,375
Norway............. -- 12,899,312 -- 12,899,312
Spain.............. -- 8,703,950 -- 8,703,950
Supranational
Organization
Obligations...... -- 79,636,082 -- 79,636,082
Sweden............. -- 91,728,407 -- 91,728,407
Switzerland........ -- 4,421,515 -- 4,421,515
United Kingdom..... -- 21,713,448 -- 21,713,448
United States...... -- 394,270,898 -- 394,270,898
U.S. Treasury
Obligations........ -- 94,456,543 -- 94,456,543
Securities Lending
Collateral......... -- 21,907,864 -- 21,907,864
Forward Currency
Contracts**........ -- 9,592,293 -- 9,592,293
-- -------------- -- --------------
TOTAL............... -- $1,192,510,681 -- $1,192,510,681
== ============== == ==============
**Valued at the unrealized appreciation/(depreciation) on the investment.
See accompanying Notes to Financial Statements.
27
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT^ VALUE+
------- ------
(000)
BONDS -- (99.6%)
AUSTRALIA -- (9.6%)
ANZ New Zealand International, Ltd.
0.625%, 06/01/21............................. EUR 1,000 $ 1,222,475
0.400%, 03/01/22............................. EUR 34,282 41,357,243
ASB Finance, Ltd.
0.500%, 06/10/22............................. EUR 41,239 49,726,996
Australia & New Zealand Banking Group, Ltd.
2.300%, 06/01/21............................. 17,866 17,354,453
2.550%, 11/23/21............................. 61,184 59,496,558
2.625%, 05/19/22............................. 5,000 4,849,342
2.625%, 11/09/22............................. 98,167 94,375,552
Commonwealth Bank of Australia
2.550%, 03/15/21............................. 35,750 35,098,118
2.900%, 07/12/21............................. AUD 15,000 11,257,109
## 2.000%, 09/06/21............................. 45,774 43,946,924
3.250%, 01/17/22............................. AUD 43,460 32,915,236
## 2.750%, 03/10/22............................. 102,078 99,546,388
3.250%, 03/31/22............................. AUD 21,000 15,869,610
0.500%, 07/11/22............................. EUR 16,950 20,511,246
National Australia Bank, Ltd.
2.625%, 01/14/21............................. 8,550 8,417,970
3.000%, 05/12/21............................. AUD 14,343 10,812,747
1.875%, 07/12/21............................. 31,520 30,182,336
2.800%, 01/10/22............................. 180,432 176,857,972
0.875%, 01/20/22............................. EUR 9,168 11,279,104
3.250%, 03/24/22............................. AUD 17,600 13,313,163
2.500%, 05/22/22............................. 115,430 111,366,220
0.350%, 09/07/22............................. EUR 27,190 32,660,940
South Australian Government Financing Authority
1.500%, 09/22/22............................. AUD 20,000 14,352,752
Western Australian Treasury Corp.
2.750%, 10/20/22............................. AUD 199,000 150,396,925
Westpac Banking Corp.
2.100%, 05/13/21............................. 1,633 1,581,168
# 2.000%, 08/19/21............................. 43,841 42,114,004
2.800%, 01/11/22............................. 206,009 202,263,330
0.250%, 01/17/22............................. EUR 11,762 14,135,822
2.500%, 06/28/22............................. 35,211 33,901,028
2.625%, 12/14/22............................. GBP 5,416 7,750,112
--------------
TOTAL AUSTRALIA.................................. 1,388,912,843
--------------
AUSTRIA -- (3.1%)
Oesterreichische Kontrollbank AG
0.750%, 03/07/22............................. GBP 8,000 10,794,600
FACE
AMOUNT^ VALUE+
------- ------
(000)
AUSTRIA -- (Continued)
Republic of Austria Government Bond
## 0.0%, 09/20/22............................... EUR 357,100 $432,566,785
------------
TOTAL AUSTRIA.................................... 443,361,385
------------
BELGIUM -- (1.9%)
Dexia Credit Local SA
0.875%, 09/07/21............................. GBP 4,600 6,226,850
1.875%, 09/15/21............................. 10,742 10,328,702
0.625%, 01/21/22............................. EUR 28,750 35,431,955
0.250%, 06/02/22............................. EUR 29,400 35,653,610
1.125%, 06/15/22............................. GBP 20,100 27,295,821
2.375%, 09/20/22............................. 2,700 2,610,209
Kingdom of Belgium Government Bond
4.250%, 09/28/22............................. EUR 109,909 158,213,194
------------
TOTAL BELGIUM.................................... 275,760,341
------------
CANADA -- (16.7%)
Alberta, Province of Canada
1.350%, 09/01/21............................. CAD 226,500 170,813,053
Bank of Montreal
1.900%, 08/27/21............................. 84,774 81,118,545
Bank of Nova Scotia (The)
# 2.450%, 03/22/21............................. 38,422 37,588,052
# 2.700%, 03/07/22............................. 188,023 183,210,124
British Columbia, Province of Canada
# 2.000%, 10/23/22............................. 6,000 5,737,745
Canada Housing Trust No. 1
## 1.750%, 06/15/22............................. CAD 97,000 73,796,152
CPPIB Capital, Inc.
## 2.250%, 01/25/22............................. 103,442 100,690,320
2.250%, 01/25/22............................. 58,150 56,603,141
Export Development Canada
2.700%, 10/24/22............................. AUD 65,725 49,333,063
Province of British Columbia Canada
3.250%, 12/18/21............................. CAD 63,000 50,566,338
Province of Manitoba Canada
1.550%, 09/05/21............................. CAD 29,600 22,459,068
2.125%, 05/04/22............................. 61,500 59,112,303
Province of Ontario Canada
2.400%, 02/08/22............................. 187,269 182,406,643
1.350%, 03/08/22............................. CAD 55,000 41,124,810
3.150%, 06/02/22............................. CAD 216,950 173,336,959
28
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
CANADA -- (Continued)
Province of Quebec Canada
4.250%, 12/01/21............................. CAD 58,000 $ 48,079,987
2.375%, 01/31/22............................. 202,636 197,534,114
0.875%, 05/24/22............................. GBP 11,551 15,566,669
3.500%, 12/01/22............................. CAD 144,700 117,495,566
Royal Bank of Canada
2.500%, 01/19/21............................. 52,368 51,417,497
2.030%, 03/15/21............................. CAD 60,000 45,950,855
# 2.750%, 02/01/22............................. 76,944 75,379,980
1.968%, 03/02/22............................. CAD 279,434 211,374,807
2.000%, 03/21/22............................. CAD 30,000 22,703,688
Toronto-Dominion Bank (The)
2.125%, 04/07/21............................. 123,746 120,103,008
# 1.800%, 07/13/21............................. 41,938 40,131,719
2.621%, 12/22/21............................. CAD 57,179 44,418,769
1.994%, 03/23/22............................. CAD 174,267 132,043,610
--------------
TOTAL CANADA..................................... 2,410,096,585
--------------
DENMARK -- (0.3%)
Kommunekredit
0.0%, 09/08/22............................... EUR 33,405 40,109,809
--------------
FINLAND -- (3.4%)
Finland Government Bond
--%, 04/15/22................................ EUR 20,000 24,279,226
## 1.625%, 09/15/22............................. EUR 310,500 403,124,419
1.500%, 04/15/23............................. EUR 3,000 3,883,496
Municipality Finance P.L.C.
1.250%, 12/07/22............................. GBP 7,284 9,990,675
OP Corporate Bank P.L.C.
0.750%, 03/03/22............................. EUR 23,001 28,206,417
2.500%, 05/20/22............................. GBP 2,550 3,632,372
0.375%, 10/11/22............................. EUR 15,600 18,768,004
--------------
TOTAL FINLAND.................................... 491,884,609
--------------
FRANCE -- (8.1%)
Agence Francaise de Developpement
0.125%, 04/30/22............................. EUR 48,200 58,251,472
0.500%, 10/25/22............................. EUR 13,600 16,655,845
Caisse d'Amortissement de la Dette Sociale
1.875%, 02/12/22............................. 78,500 75,294,845
0.125%, 11/25/22............................. EUR 287,000 347,806,615
Dexia Credit Local SA
0.750%, 01/25/23............................. EUR 6,000 7,406,798
French Republic Government Bond OAT
3.000%, 04/25/22............................. EUR 15,500 21,083,312
--%, 05/25/22................................ EUR 312,500 379,136,104
2.250%, 10/25/22............................. EUR 18,000 23,992,639
--%, 03/25/23................................ EUR 5,000 6,023,616
FACE
AMOUNT^ VALUE+
------- ------
(000)
FRANCE -- (Continued)
Sanofi
1.125%, 03/10/22............................. EUR 5,200 $ 6,492,777
Total Capital Canada, Ltd.
1.125%, 03/18/22............................. EUR 19,600 24,472,680
Total Capital International SA
# 2.750%, 06/19/21............................. 12,984 12,860,833
2.125%, 11/19/21............................. EUR 4,000 5,171,777
# 2.875%, 02/17/22............................. 33,380 33,002,734
Unedic Asseo
0.875%, 10/25/22............................. EUR 127,900 160,023,235
UNEDIC ASSEO
2.250%, 04/05/23............................. EUR 2,000 2,662,236
--------------
TOTAL FRANCE..................................... 1,180,337,518
--------------
GERMANY -- (7.5%)
Bayerische Landesbodenkreditanstalt
2.500%, 02/09/22............................. EUR 19,829 26,201,614
Bundesobligation
0.0%, 10/07/22............................... EUR 54,000 65,665,942
FMS Wertmanagement AoeR
0.875%, 02/14/22............................. GBP 29,700 40,426,755
Kreditanstalt fuer Wiederaufbau
5.500%, 02/09/22............................. AUD 2,300 1,907,280
# 2.125%, 03/07/22............................. 51,500 50,035,336
0.875%, 03/15/22............................. GBP 39,750 54,061,970
--%, 04/28/22................................ EUR 42,000 50,848,469
2.900%, 06/06/22............................. AUD 18,000 13,640,059
0.625%, 07/04/22............................. EUR 25,500 31,638,003
--%, 12/15/22................................ EUR 31,800 38,322,024
Landeskreditbank Baden- Wuerttemberg Foerderbank
0.875%, 03/07/22............................. GBP 5,485 7,434,402
Landwirtschaftliche Rentenbank
5.500%, 03/29/22............................. AUD 32,000 26,610,028
1.250%, 05/20/22............................. EUR 69,600 88,456,295
2.700%, 09/05/22............................. AUD 75,620 56,830,313
NRW Bank
--%, 08/10/22................................ EUR 33,000 39,756,104
--%, 11/11/22................................ EUR 122,540 147,306,105
0.125%, 03/10/23............................. EUR 20,000 23,956,894
State of North Rhine- Westphalia Germany
4.375%, 04/29/22............................. EUR 20,000 28,381,660
--%, 12/05/22................................ EUR 117,200 140,956,349
0.375%, 02/16/23............................. EUR 104,620 127,831,900
0.125%, 03/16/23............................. EUR 21,260 25,634,494
--------------
TOTAL GERMANY.................................... 1,085,901,996
--------------
29
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
JAPAN -- (2.6%)
Toyota Credit Canada, Inc.
2.020%, 02/28/22............................. CAD 42,366 $ 32,064,458
2.350%, 07/18/22............................. CAD 34,200 26,120,601
Toyota Motor Credit Corp.
# 1.900%, 04/08/21............................. 128,749 124,887,811
2.750%, 05/17/21............................. 38,695 38,327,426
2.600%, 01/11/22............................. 88,874 86,988,502
# 3.300%, 01/12/22............................. 11,825 11,851,793
2.800%, 07/13/22............................. 26,645 26,202,005
0.750%, 07/21/22............................. EUR 27,550 33,816,452
--------------
TOTAL JAPAN...................................... 380,259,048
--------------
LUXEMBOURG -- (0.1%)
European Financial Stability Facility
0.500%, 01/20/23............................. EUR 15,000 18,480,278
--------------
NETHERLANDS -- (9.8%)
Bank Nederlandse Gemeenten NV
## 2.375%, 02/01/22............................. 94,000 91,827,472
1.000%, 03/15/22............................. GBP 19,030 25,926,124
1.000%, 06/17/22............................. GBP 7,000 9,522,091
0.500%, 08/26/22............................. EUR 39,664 48,794,888
2.250%, 08/30/22............................. EUR 4,445 5,873,731
0.250%, 02/22/23............................. EUR 20,000 24,279,564
Cooperatieve Rabobank UA
4.500%, 01/11/21............................. 20,691 21,378,162
2.500%, 01/19/21............................. 56,391 55,417,814
0.125%, 10/11/21............................. EUR 18,733 22,561,609
# 2.750%, 01/10/22............................. 164,370 160,717,478
4.000%, 01/11/22............................. EUR 25,728 35,339,140
3.875%, 02/08/22............................. 57,132 58,052,274
4.750%, 06/06/22............................. EUR 35,519 50,534,202
0.500%, 12/06/22............................. EUR 15,763 19,087,988
Nederlandse Waterschapsbank NV
0.875%, 12/20/21............................. GBP 510 692,517
3.000%, 03/28/22............................. EUR 29,000 39,085,102
1.875%, 04/14/22............................. 81,795 78,306,116
0.500%, 10/27/22............................. EUR 19,920 24,462,186
0.500%, 01/19/23............................. EUR 4,400 5,399,979
Netherlands Government Bond
3.750%, 01/15/23............................. EUR 197,000 280,885,146
Shell International Finance BV
# 2.125%, 05/11/20............................. 53,215 52,529,145
2.250%, 11/10/20............................. 75,035 73,965,990
# 1.875%, 05/10/21............................. 75,440 73,037,520
# 1.750%, 09/12/21............................. 58,805 56,382,071
1.250%, 03/15/22............................. EUR 34,106 42,747,153
1.000%, 04/06/22............................. EUR 48,086 59,724,581
# 2.375%, 08/21/22............................. 1,628 1,574,439
--------------
TOTAL NETHERLANDS................................ 1,418,104,482
--------------
FACE
AMOUNT^ VALUE+
------- ------
(000)
NORWAY -- (1.2%)
Kommunalbanken A.S.
2.250%, 01/25/22............................. 90,000 $ 87,617,970
2.250%, 01/25/22............................. 39,250 38,202,037
1.125%, 11/30/22............................. GBP 3,764 5,134,171
Statoil ASA
# 3.150%, 01/23/22............................. 15,600 15,591,610
0.875%, 02/17/23............................. EUR 19,954 24,555,481
--------------
TOTAL NORWAY..................................... 171,101,269
--------------
SINGAPORE -- (0.1%)
Temasek Financial I, Ltd.
0.500%, 03/01/22............................. EUR 1,802 2,204,266
4.625%, 07/26/22............................. GBP 4,200 6,514,133
--------------
TOTAL SINGAPORE.................................. 8,718,399
--------------
SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (8.6%)
African Development Bank
5.250%, 03/23/22............................. AUD 2,000 1,647,904
Asian Development Bank
2.750%, 01/19/22............................. AUD 11,000 8,309,613
5.000%, 03/09/22............................. AUD 11,600 9,476,924
1.000%, 12/15/22............................. GBP 17,333 23,590,228
Council Of Europe Development Bank
0.375%, 10/27/22............................. EUR 39,747 48,675,674
European Financial Stability Facility
2.250%, 09/05/22............................. EUR 15,600 20,705,776
--%, 11/17/22................................ EUR 281,238 339,192,952
European Investment Bank
5.000%, 08/22/22............................. AUD 29,319 24,129,330
2.250%, 10/14/22............................. EUR 20,022 26,609,304
2.500%, 10/31/22............................. GBP 31,000 44,969,728
1.625%, 03/15/23............................. EUR 39,000 50,514,125
European Stability Mechanism
0.0%, 10/18/22............................... EUR 358,538 432,424,394
Inter-American Development Bank
3.750%, 07/25/22............................. AUD 28,176 22,092,758
International Bank for Reconstruction & Development
0.750%, 12/07/21............................. GBP 5,500 7,469,861
2.600%, 09/20/22............................. AUD 53,347 39,976,534
1.000%, 12/19/22............................. GBP 33,850 46,094,904
International Finance Corp.
2.800%, 08/15/22............................. AUD 102,500 77,478,871
Nordic Investment Bank
2.125%, 02/01/22............................. 19,000 18,468,680
--------------
TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS..... 1,241,827,560
--------------
30
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
SWEDEN -- (8.7%)
Kommuninvest I Sverige AB
1.000%, 09/15/21............................. SEK 270,000 $ 31,771,732
0.250%, 06/01/22............................. SEK 2,880,000 328,569,268
0.750%, 02/22/23............................. SEK 365,000 42,241,237
Nordea Bank AB
4.875%, 01/14/21............................. 600 623,843
2.000%, 02/17/21............................. EUR 5,333 6,786,647
## # 2.250%, 05/27/21............................. 71,041 68,889,203
2.375%, 06/02/22............................. GBP 9,480 13,443,257
0.300%, 06/30/22............................. EUR 6,300 7,584,933
3.250%, 07/05/22............................. EUR 13,403 18,113,260
Skandinaviska Enskilda Banken AB
0.750%, 08/24/21............................. EUR 7,400 9,112,675
0.300%, 02/17/22............................. EUR 31,728 38,304,875
1.250%, 08/05/22............................. GBP 5,351 7,246,022
Svensk Exportkredit AB
2.375%, 03/09/22............................. 83,582 81,681,329
Svenska Handelsbanken AB
# 2.450%, 03/30/21............................. 13,524 13,214,675
# 1.875%, 09/07/21............................. 54,502 52,028,966
2.375%, 01/18/22............................. GBP 1,000 1,418,592
0.250%, 02/28/22............................. EUR 61,916 74,601,659
2.625%, 08/23/22............................. EUR 10,905 14,409,198
2.750%, 12/05/22............................. GBP 5,000 7,247,007
1.125%, 12/14/22............................. EUR 53,008 65,977,625
Sweden Government Bond
3.500%, 06/01/22............................. SEK 2,833,000 372,605,669
--------------
TOTAL SWEDEN....................................... 1,255,871,672
--------------
SWITZERLAND -- (0.6%)
Nestle Finance International, Ltd.
2.125%, 09/10/21............................. EUR 8,723 11,254,652
0.750%, 11/08/21............................. EUR 5,762 7,111,993
1.750%, 09/12/22............................. EUR 12,765 16,400,137
Nestle Holdings, Inc.
2.375%, 01/18/22............................. 23,872 23,251,209
Novartis Capital Corp.
# 2.400%, 05/17/22............................. 24,915 24,199,547
--------------
TOTAL SWITZERLAND.................................. 82,217,538
--------------
UNITED KINGDOM -- (0.1%)
Transport for London
2.250%, 08/09/22............................. GBP 9,919 14,104,118
--------------
UNITED STATES -- (17.2%)
3M Co.
0.375%, 02/15/22............................. EUR 54,527 66,327,732
Apple, Inc.
# 2.250%, 02/23/21............................. 46,671 45,882,002
# 2.850%, 05/06/21............................. 14,915 14,864,629
# 1.550%, 08/04/21............................. 1,125 1,074,848
# 2.500%, 02/09/22............................. 98,478 96,499,498
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
# 2.300%, 05/11/22............................. 41,500 $ 40,203,392
3.700%, 08/28/22............................. AUD 6,700 5,194,237
# 2.100%, 09/12/22............................. 5,415 5,190,115
1.000%, 11/10/22............................. EUR 22,061 27,497,493
Berkshire Hathaway, Inc.
# 2.200%, 03/15/21............................. 78,352 76,970,035
3.400%, 01/31/22............................. 39,959 40,521,966
0.750%, 03/16/23............................. EUR 9,778 11,906,435
Chevron Corp.
# 2.100%, 05/16/21............................. 63,875 62,301,258
# 2.411%, 03/03/22............................. 12,500 12,181,507
# 2.498%, 03/03/22............................. 78,872 77,223,467
Cisco Systems, Inc.
# 2.200%, 02/28/21............................. 49,558 48,651,004
1.850%, 09/20/21............................. 98,393 94,603,918
Coca-Cola Co. (The)
# 1.550%, 09/01/21............................. 41,859 39,934,745
# 3.300%, 09/01/21............................. 27,889 28,203,481
# 2.200%, 05/25/22............................. 30,592 29,597,653
1.125%, 09/22/22............................. EUR 18,126 22,636,591
0.750%, 03/09/23............................. EUR 25,090 30,727,735
Colgate-Palmolive Co.
2.300%, 05/03/22............................. 30,897 30,030,546
Exxon Mobil Corp.
# 2.222%, 03/01/21............................. 62,386 61,368,397
# 2.397%, 03/06/22............................. 8,717 8,519,994
GE Capital European Funding Unlimited Co.
4.350%, 11/03/21............................. EUR 2,462 3,391,091
0.800%, 01/21/22............................. EUR 7,300 8,927,381
GE Capital International Funding Co., Unlimited Co.
# 2.342%, 11/15/20............................. 45,178 44,160,677
General Electric Co.
0.375%, 05/17/22............................. EUR 31,000 37,213,222
0.375%, 05/17/22............................. EUR 27,162 32,605,985
# 2.700%, 10/09/22............................. 9,197 8,872,090
International Business Machines Corp.
2.250%, 02/19/21............................. 14,122 13,876,156
# 2.500%, 01/27/22............................. 176,310 171,748,520
Johnson & Johnson
0.250%, 01/20/22............................. EUR 38,073 46,160,114
# 2.250%, 03/03/22............................. 60,800 59,163,276
Merck & Co., Inc.
1.125%, 10/15/21............................. EUR 20,598 25,639,888
# 2.350%, 02/10/22............................. 87,933 85,614,665
Microsoft Corp.
2.125%, 12/06/21............................. EUR 9,419 12,149,818
# 2.400%, 02/06/22............................. 8,922 8,720,671
2.375%, 02/12/22............................. 63,194 61,627,846
Oracle Corp.
# 2.800%, 07/08/21............................. 108,678 108,151,618
1.900%, 09/15/21............................. 221,610 213,820,533
# 2.500%, 05/15/22............................. 61,818 60,323,900
31
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Pfizer, Inc.
# 1.950%, 06/03/21............................. 117,677 $114,471,216
# 2.200%, 12/15/21............................. 61,477 59,995,528
0.250%, 03/06/22............................. EUR 88,008 106,192,240
Procter & Gamble Co. (The)
# 1.700%, 11/03/21............................. 53,050 50,854,540
2.000%, 11/05/21............................. EUR 4,957 6,368,701
2.300%, 02/06/22............................. 12,000 11,697,978
# 2.150%, 08/11/22............................. 114,947 110,698,467
2.000%, 08/16/22............................. EUR 13,733 17,767,000
Toyota Motor Credit Corp.
2.375%, 02/01/23............................. EUR 7,704 10,131,718
US Bank NA
2.850%, 01/23/23............................. 8,784 8,634,729
Walmart, Inc.
1.900%, 04/08/22............................. EUR 5,000 6,401,739
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
1.900%, 04/08/22............................. EUR 3,500 $ 4,481,218
---------------
TOTAL UNITED STATES................................ 2,487,975,203
---------------
TOTAL BONDS........................................ 14,395,024,653
---------------
TOTAL INVESTMENT SECURITIES........................ 14,395,024,653
---------------
SHARES
------
SECURITIES LENDING COLLATERAL -- (0.4%)
(S)@ DFA Short Term Investment Fund................... 4,953,440 57,311,297
---------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $14,663,701,561)............................... $14,452,335,950
===============
At April 30, 2018, DFA Five-Year Global Fixed Income Portfolio had entered into
the following forward currency contracts and the net unrealized forward
currency gain (loss) is reflected in the accompanying financial statements:
UNREALIZED
FOREIGN
EXCHANGE
SETTLEMENT APPRECIATION
CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION)
------------------ --------------- ----------------------------- ---------- --------------
CAD 151,305,843 USD 117,629,422 HSBC Bank 05/02/18 $ 216,969
EUR 114,159,861 USD 137,728,164 JP Morgan 05/02/18 131,246
EUR 15,000,000 USD 18,095,850 Barclays Capital 05/02/18 18,145
USD 7,169,626 SEK 60,663,387 Citibank, N.A. 05/02/18 241,933
Morgan Stanley and Co.
USD 11,667,634 SEK 97,892,900 International 05/02/18 488,370
USD 13,069,142 SEK 109,104,462 Bank of America Corp. 05/02/18 609,530
USD 16,600,088 EUR 13,503,408 State Street Bank and Trust 05/02/18 293,377
USD 21,218,757 CAD 26,703,418 State Street Bank and Trust 05/02/18 420,476
USD 23,797,098 EUR 19,326,869 JP Morgan 05/02/18 457,977
USD 29,489,059 EUR 23,980,674 ANZ Securities 05/02/18 530,005
USD 42,353,766 EUR 34,000,000 HSBC Bank 05/02/18 1,295,377
USD 47,549,028 EUR 38,348,910 JP Morgan 05/02/18 1,238,897
USD 84,278,357 SEK 689,888,729 State Street Bank and Trust 05/02/18 5,493,807
USD 15,405,950 EUR 12,395,138 JP Morgan 05/03/18 437,586
USD 22,000,885 EUR 17,868,032 JP Morgan 05/03/18 423,456
USD 23,399,611 EUR 18,997,806 State Street Bank and Trust 05/03/18 457,867
USD 25,089,504 EUR 20,251,338 UBS AG 05/03/18 633,995
USD 31,721,038 EUR 25,343,505 JP Morgan 05/03/18 1,116,230
USD 43,859,631 EUR 35,503,723 UBS AG 05/03/18 985,347
Morgan Stanley and Co.
USD 109,895,789 SEK 904,590,922 International 05/03/18 6,592,480
USD 11,271,114 EUR 9,113,427 National Australia Bank Ltd. 05/04/18 264,975
USD 13,307,724 EUR 10,759,542 UBS AG 05/04/18 313,598
USD 27,788,406 EUR 22,478,819 UBS AG 05/04/18 641,098
USD 95,179,564 EUR 76,872,600 National Australia Bank Ltd. 05/04/18 2,341,761
USD 144,863,365 EUR 117,321,736 UBS AG 05/07/18 3,146,130
USD 7,284,122 EUR 5,845,009 JP Morgan 05/08/18 223,228
USD 42,257,429 EUR 33,905,947 State Street Bank and Trust 05/08/18 1,298,332
USD 52,958,745 EUR 42,771,864 Barclays Capital 05/08/18 1,289,434
32
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
UNREALIZED
FOREIGN
EXCHANGE
SETTLEMENT APPRECIATION
CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION)
------------------ --------------- ----------------------------- ---------- --------------
USD 54,792,635 EUR 44,236,937 State Street Bank and Trust 05/08/18 $1,353,485
USD 56,258,821 EUR 45,495,055 JP Morgan 05/09/18 1,296,002
USD 84,044,778 EUR 67,971,772 State Street Bank and Trust 05/09/18 1,927,717
Morgan Stanley and Co.
USD 9,247,111 GBP 6,487,855 International 05/10/18 312,166
USD 131,707,716 GBP 93,779,685 State Street Bank and Trust 05/10/18 2,556,203
USD 143,642,128 EUR 115,875,562 UBS AG 05/10/18 3,642,471
USD 140,069,045 EUR 113,194,425 UBS AG 05/11/18 3,298,902
USD 3,228,411 SGD 4,246,227 JP Morgan 05/14/18 25,446
USD 4,227,185 SGD 5,566,829 Citibank, N.A. 05/14/18 28,079
USD 6,261,678 SGD 8,262,473 JP Morgan 05/14/18 29,225
USD 14,735,740 EUR 12,000,000 State Street Bank and Trust 05/14/18 233,304
USD 60,635,638 EUR 48,765,446 Bank of America Corp. 05/14/18 1,700,824
USD 71,901,747 EUR 58,162,695 JP Morgan 05/14/18 1,610,016
USD 9,827,174 EUR 8,000,000 State Street Bank and Trust 05/15/18 158,190
USD 138,856,159 EUR 112,187,189 Citibank, N.A. 05/15/18 3,264,137
USD 6,617,596 EUR 5,360,048 JP Morgan 05/16/18 138,854
USD 12,533,241 EUR 10,216,145 State Street Bank and Trust 05/16/18 184,887
USD 19,271,998 EUR 15,548,059 Citibank, N.A. 05/16/18 478,907
USD 24,590,138 EUR 20,000,000 State Street Bank and Trust 05/16/18 415,943
USD 25,057,737 EUR 20,361,764 Citibank, N.A. 05/16/18 446,274
USD 51,948,481 EUR 41,890,068 State Street Bank and Trust 05/16/18 1,315,547
USD 141,985,924 EUR 115,056,921 Barclays Capital 05/17/18 2,905,523
USD 150,770,703 EUR 122,236,182 Barclays Capital 05/18/18 3,001,434
USD 6,077,229 EUR 4,895,385 UBS AG 05/21/18 158,006
USD 6,747,431 EUR 5,465,753 State Street Bank and Trust 05/21/18 138,551
USD 7,448,460 EUR 6,000,000 UBS AG 05/21/18 193,599
USD 7,851,972 EUR 6,489,769 JP Morgan 05/21/18 4,910
USD 11,453,960 EUR 9,161,966 UBS AG 05/21/18 375,828
USD 30,740,133 EUR 25,000,000 State Street Bank and Trust 05/21/18 511,545
USD 77,414,915 EUR 62,598,678 Citibank, N.A. 05/21/18 1,724,130
USD 7,917,571 EUR 6,433,158 State Street Bank and Trust 05/22/18 138,402
USD 30,739,342 EUR 25,000,000 State Street Bank and Trust 05/22/18 508,585
USD 31,835,853 EUR 25,751,787 UBS AG 05/22/18 696,012
USD 75,451,907 EUR 61,000,000 State Street Bank and Trust 05/22/18 1,688,859
USD 141,236,245 EUR 113,924,315 Citibank, N.A. 05/23/18 3,465,623
USD 145,758,175 EUR 117,004,543 UBS AG 05/24/18 4,252,424
USD 146,953,381 EUR 118,218,344 State Street Bank and Trust 05/25/18 3,969,390
Morgan Stanley and Co.
USD 146,161,613 EUR 117,632,980 International 06/25/18 3,529,727
USD 145,244,304 EUR 117,367,427 Bank of America Corp. 06/26/18 2,922,330
USD 54,723,647 SEK 474,997,863 Bank of America Corp. 06/27/18 245,988
USD 147,108,691 EUR 117,964,708 National Australia Bank Ltd. 06/27/18 4,050,305
USD 57,472,014 SEK 498,519,205 Bank of America Corp. 06/28/18 291,787
USD 148,128,313 EUR 119,583,204 Bank of America Corp. 06/28/18 3,094,834
USD 12,333,558 EUR 10,000,000 JP Morgan 07/02/18 201,191
USD 136,185,009 EUR 110,363,494 State Street Bank and Trust 07/02/18 2,287,972
USD 146,443,396 EUR 118,485,010 JP Morgan 07/03/18 2,680,833
USD 65,257,691 EUR 52,794,285 JP Morgan 07/05/18 1,190,401
USD 79,656,989 EUR 64,552,551 State Street Bank and Trust 07/05/18 1,320,726
USD 140,402,057 AUD 182,564,865 Bank of America Corp. 07/05/18 2,927,550
USD 7,977,689 CAD 10,221,581 State Street Bank and Trust 07/06/18 4,228
USD 87,546,386 AUD 113,857,632 JP Morgan 07/06/18 1,808,955
USD 105,519,702 SEK 912,976,296 Citibank, N.A. 07/06/18 731,769
USD 106,109,835 CAD 135,435,973 Citibank, N.A. 07/06/18 461,458
33
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
UNREALIZED
FOREIGN
EXCHANGE
SETTLEMENT APPRECIATION
CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION)
------------------ ----------------- ---------------------------- ---------- --------------
USD 145,892,006 EUR 118,332,584 State Street Bank and Trust 07/06/18 $2,281,136
USD 1,602,458 EUR 1,290,703 State Street Bank and Trust 07/09/18 35,671
USD 3,458,797 EUR 2,800,000 Citibank, N.A. 07/09/18 59,872
USD 3,475,515 EUR 2,813,551 UBS AG 07/09/18 60,140
USD 8,778,451 EUR 7,055,885 State Street Bank and Trust 07/09/18 213,299
USD 10,219,453 EUR 8,240,620 State Street Bank and Trust 07/09/18 216,150
USD 10,887,252 EUR 8,931,285 State Street Bank and Trust 07/09/18 45,549
USD 45,113,767 EUR 36,761,574 UBS AG 07/09/18 488,826
USD 57,266,828 EUR 46,306,018 State Street Bank and Trust 07/09/18 1,055,869
USD 115,213,606 CAD 145,591,090 JP Morgan 07/09/18 1,636,557
USD 136,674,274 GBP 96,049,881 UBS AG 07/09/18 3,999,351
USD 70,683,705 EUR 56,712,019 UBS AG 07/10/18 1,835,567
USD 71,044,971 EUR 57,000,000 UBS AG 07/10/18 1,847,225
USD 9,569,568 EUR 7,686,184 Citibank, N.A. 07/11/18 237,854
USD 39,403,410 EUR 32,003,601 State Street Bank and Trust 07/11/18 548,180
USD 76,790,798 EUR 61,935,405 UBS AG 07/11/18 1,595,685
USD 121,189,152 CAD 152,442,744 Citibank, N.A. 07/11/18 2,262,133
USD 126,105,928 SEK 1,054,863,096 UBS AG 07/11/18 4,985,481
USD 138,468,087 GBP 97,163,510 State Street Bank and Trust 07/11/18 4,242,303
USD 10,994,660 EUR 8,850,807 JP Morgan 07/12/18 248,160
USD 14,572,122 EUR 12,000,000 Citibank, N.A. 07/12/18 1,925
USD 17,420,783 EUR 14,225,954 Citibank, N.A. 07/12/18 147,871
USD 26,751,506 EUR 21,984,154 UBS AG 07/12/18 58,718
USD 76,769,349 EUR 61,936,719 State Street Bank and Trust 07/12/18 1,566,833
USD 14,234,251 SEK 119,043,403 Barclays Capital 07/13/18 563,431
USD 36,815,424 CAD 46,116,171 JP Morgan 07/13/18 836,762
USD 98,917,456 SEK 826,849,726 Citibank, N.A. 07/13/18 3,962,900
USD 100,204,705 CAD 125,956,322 JP Morgan 07/13/18 1,936,791
USD 141,129,648 EUR 113,764,286 ANZ Securities 07/13/18 2,988,309
USD 6,509,040 CAD 8,341,315 State Street Bank and Trust 07/16/18 954
USD 103,065,357 CAD 129,687,283 Citibank, N.A. 07/16/18 1,880,354
USD 147,937,354 EUR 118,871,654 State Street Bank and Trust 07/16/18 3,560,801
USD 23,689,861 CAD 30,157,051 UBS AG 07/17/18 160,148
USD 73,024,028 AUD 93,990,594 State Street Bank and Trust 07/17/18 2,240,934
USD 101,051,130 CAD 126,671,067 JP Morgan 07/17/18 2,217,401
USD 142,864,876 EUR 114,855,400 State Street Bank and Trust 07/17/18 3,355,519
USD 39,853,916 SEK 332,343,400 State Street Bank and Trust 07/18/18 1,673,033
USD 40,776,529 SEK 340,000,000 State Street Bank and Trust 07/18/18 1,716,027
USD 40,792,331 SEK 340,000,000 State Street Bank and Trust 07/18/18 1,731,829
USD 73,066,142 AUD 94,016,230 Barclays Capital 07/18/18 2,263,196
USD 112,155,667 CAD 140,660,703 State Street Bank and Trust 07/18/18 2,404,402
USD 147,800,001 EUR 118,502,004 UBS AG 07/18/18 3,850,167
USD 73,958,694 AUD 95,045,999 Citibank, N.A. 07/19/18 2,379,684
USD 147,633,278 EUR 118,537,254 JP Morgan 07/19/18 3,629,497
USD 73,544,603 AUD 95,583,849 HSBC Bank 07/20/18 1,559,984
Morgan Stanley and Co.
USD 140,574,966 CAD 178,104,940 International 07/20/18 1,601,877
USD 147,468,077 EUR 119,041,742 Citibank, N.A. 07/20/18 2,840,247
USD 100,012,646 CAD 127,636,139 JP Morgan 07/23/18 413,550
USD 144,577,876 EUR 117,283,097 State Street Bank and Trust 07/23/18 2,053,640
USD 143,801,594 EUR 116,918,367 State Street Bank and Trust 07/24/18 1,709,600
USD 117,412,735 SEK 997,648,139 Citibank, N.A. 07/25/18 2,736,355
USD 144,244,394 EUR 117,571,596 State Street Bank and Trust 07/25/18 1,347,478
USD 82,179,541 AUD 108,531,542 Citibank, N.A. 07/26/18 440,176
USD 106,540,242 SEK 909,271,105 UBS AG 07/26/18 2,014,338
34
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
UNREALIZED
FOREIGN
EXCHANGE
SETTLEMENT APPRECIATION
CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION)
------------------ --------------- ---------------------------- ---------- --------------
USD 138,734,905 EUR 113,194,160 State Street Bank and Trust 07/26/18 $ 1,147,702
------------
TOTAL APPRECIATION $198,388,521
Morgan Stanley and Co.
EUR 118,359,542 USD 142,935,717 International 05/03/18 $ (4,774)
EUR 12,000,000 USD 14,493,120 Citibank, N.A. 05/03/18 (1,924)
GBP 5,117,084 USD 7,146,760 Bank of America Corp. 07/11/18 (77,804)
SEK 500,000,000 USD 57,400,339 Bank of America Corp. 05/02/18 (300,877)
SEK 457,549,478 USD 52,495,893 Bank of America Corp. 05/02/18 (244,235)
SEK 904,590,922 USD 104,023,795 Citibank, N.A. 05/03/18 (720,486)
SGD 8,835,276 USD 6,705,783 JP Morgan 05/14/18 (41,260)
SGD 4,895,816 USD 3,719,753 Bank of America Corp. 05/14/18 (26,798)
SGD 2,396,566 USD 1,820,938 Citibank, N.A. 05/14/18 (13,188)
SGD 1,947,871 USD 1,489,204 Citibank, N.A. 05/14/18 (19,908)
USD 96,729,035 CAD 124,602,425 State Street Bank and Trust 05/02/18 (319,075)
USD 138,231,883 EUR 114,159,861 JP Morgan 06/22/18 (153,568)
USD 23,012,429 CAD 29,511,311 HSBC Bank 06/28/18 (3,634)
USD 119,104,155 CAD 153,016,431 HSBC Bank 06/29/18 (237,610)
Morgan Stanley and Co.
USD 143,531,445 EUR 118,359,542 International 06/29/18 (30,129)
USD 18,194,149 EUR 15,000,000 Barclays Capital 07/11/18 (17,190)
USD 19,544,859 CAD 25,077,286 UBS AG 07/23/18 (23,854)
------------
TOTAL (DEPRECIATION) $ (2,236,314)
------------
TOTAL APPRECIATION
(DEPRECIATION) $196,152,207
============
35
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO
CONTINUED
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
-----------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- --------------- ------- ---------------
Bonds
Australia.......... -- $ 1,388,912,843 -- $ 1,388,912,843
Austria............ -- 443,361,385 -- 443,361,385
Belgium............ -- 275,760,341 -- 275,760,341
Canada............. -- 2,410,096,585 -- 2,410,096,585
Denmark............ -- 40,109,809 -- 40,109,809
Finland............ -- 491,884,609 -- 491,884,609
France............. -- 1,180,337,518 -- 1,180,337,518
Germany............ -- 1,085,901,996 -- 1,085,901,996
Japan.............. -- 380,259,048 -- 380,259,048
Luxembourg......... -- 18,480,278 -- 18,480,278
Netherlands........ -- 1,418,104,482 -- 1,418,104,482
Norway............. -- 171,101,269 -- 171,101,269
Singapore.......... -- 8,718,399 -- 8,718,399
Supranational
Organization
Obligations...... -- 1,241,827,560 -- 1,241,827,560
Sweden............. -- 1,255,871,672 -- 1,255,871,672
Switzerland........ -- 82,217,538 -- 82,217,538
United Kingdom..... -- 14,104,118 -- 14,104,118
United States...... -- 2,487,975,203 -- 2,487,975,203
Securities Lending
Collateral......... -- 57,311,297 -- 57,311,297
Forward Currency
Contracts**........ -- 196,152,207 -- 196,152,207
-- --------------- -- ---------------
TOTAL............... -- $14,648,488,157 -- $14,648,488,157
== =============== == ===============
**Valued at the unrealized appreciation/(depreciation) on the investment.
See accompanying Notes to Financial Statements.
36
DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
BONDS -- (99.6%)
AUSTRALIA -- (0.4%)
Australia Government Bond
3.250%, 04/21/29............................. AUD 5,000 $ 3,921,930
------------
AUSTRIA -- (3.9%)
Austria Government Bond
## 4.850%, 03/15/26............................. EUR 3,950 6,401,365
## 0.750%, 10/20/26............................. EUR 18,100 22,162,773
Republic of Austria Government Bond
## 0.750%, 02/20/28............................. EUR 8,500 10,292,311
------------
TOTAL AUSTRIA.................................... 38,856,449
------------
BELGIUM -- (3.9%)
Belgium Government Bond
## 1.000%, 06/22/31............................. EUR 31,300 37,604,344
Kingdom of Belgium Government Bond
## 0.800%, 06/22/27............................. EUR 1,300 1,584,304
------------
TOTAL BELGIUM.................................... 39,188,648
------------
CANADA -- (11.7%)
Alberta, Province of Canada
2.900%, 09/20/29............................. CAD 10,300 7,880,128
3.500%, 06/01/31............................. CAD 5,000 4,058,803
British Columbia, Province of Canada
5.700%, 06/18/29............................. CAD 21,958 21,555,079
Manitoba, Province of Canada
3.250%, 09/05/29............................. CAD 32,700 25,757,601
Ontario, Province of Canada
1.875%, 05/21/24............................. EUR 4,300 5,607,044
6.500%, 03/08/29............................. CAD 9,600 9,861,019
Quebec, Province of Canada
0.875%, 05/04/27............................. EUR 24,763 29,771,077
Saskatchewan, Province of Canada
6.400%, 09/05/31............................. CAD 13,000 13,750,972
------------
TOTAL CANADA..................................... 118,241,723
------------
DENMARK -- (3.9%)
Denmark Government Bond
0.500%, 11/15/27............................. DKK 244,500 39,335,028
------------
FINLAND -- (3.9%)
Finland Government Bond
## 2.750%, 07/04/28............................. EUR 26,850 38,878,318
------------
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
FRANCE -- (23.7%)
Agence Francaise de Developpement
0.250%, 07/21/26.............................. EUR 4,000 $ 4,623,107
0.875%, 05/25/31.............................. EUR 5,500 6,349,559
Caisse d'Amortissement de la Dette Sociale
4.000%, 12/15/25.............................. EUR 8,200 12,495,536
Dexia Credit Local SA
1.000%, 10/18/27.............................. EUR 32,450 39,173,286
France Government Bond OAT
3.500%, 04/25/26.............................. EUR 14,800 22,135,418
2.750%, 10/25/27.............................. EUR 58,700 84,397,558
French Republic Government Bond OAT
3.500%, 04/25/26.............................. EUR 6,347 9,492,804
SNCF Mobilites Group
5.375%, 03/18/27.............................. GBP 8,031 13,996,998
SNCF Reseau
3.125%, 10/25/28.............................. EUR 6,600 9,671,165
5.250%, 12/07/28.............................. GBP 13,923 24,771,142
Unedic Asseo
1.500%, 04/20/32.............................. EUR 9,000 11,351,410
------------
TOTAL FRANCE....................................... 238,457,983
------------
GERMANY -- (7.7%)
Deutsche Bahn Finance BV
3.125%, 07/24/26.............................. GBP 15,550 23,467,350
Kreditanstalt fuer Wiederaufbau
2.050%, 02/16/26.............................. JPY 399,000 4,239,744
2.050%, 02/16/26.............................. JPY 36,000 382,533
0.500%, 09/15/27.............................. EUR 29,900 35,344,357
State of North Rhine- Westphalia Germany
0.500%, 02/16/27.............................. EUR 12,000 14,214,588
------------
TOTAL GERMANY...................................... 77,648,572
------------
NETHERLANDS -- (4.1%)
Bank Nederlandse Gemeenten NV
0.625%, 06/19/27.............................. EUR 10,125 12,039,349
Nederlandse Waterschapsbank NV
0.500%, 04/29/30.............................. EUR 2,500 2,803,992
Netherlands Government Bond
5.500%, 01/15/28.............................. EUR 15,250 26,942,730
------------
TOTAL NETHERLANDS.................................. 41,786,071
------------
37
DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
NORWAY -- (4.9%)
Kommunalbanken A.S.
0.625%, 04/20/26............................. EUR 14,000 $ 16,758,160
Norway Government Bond
## 1.500%, 02/19/26............................. NOK 270,000 32,965,222
------------
TOTAL NORWAY..................................... 49,723,382
------------
SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (16.9%)
Asian Development Bank
2.350%, 06/21/27............................. JPY 2,660,000 29,338,885
European Financial Stability Facility
0.875%, 07/26/27............................. EUR 32,000 39,035,920
European Investment Bank
1.250%, 05/12/25............................. SEK 50,000 5,839,619
1.250%, 05/12/25............................. SEK 25,000 2,919,810
1.900%, 01/26/26............................. JPY 1,721,000 18,066,800
2.150%, 01/18/27............................. JPY 145,000 1,571,038
6.000%, 12/07/28............................. GBP 1,300 2,512,741
5.625%, 06/07/32............................. GBP 1,800 3,603,816
European Stability Mechanism
0.750%, 03/15/27............................. EUR 32,500 39,524,387
European Union
3.000%, 09/04/26............................. EUR 9,925 14,378,976
2.875%, 04/04/28............................. EUR 9,460 13,760,273
------------
TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS..... 170,552,265
------------
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
SWEDEN -- (3.7%)
Sweden Government Bond
2.250%, 06/01/32............................. SEK 282,000 $ 37,239,014
--------------
UNITED KINGDOM -- (10.9%)
Network Rail Infrastructure Finance P.L.C.
4.375%, 12/09/30............................. GBP 1,200 2,111,314
United Kingdom Gilt
4.750%, 12/07/30............................. GBP 56,450 105,415,766
4.250%, 06/07/32............................. GBP 1,400 2,547,440
--------------
TOTAL UNITED KINGDOM............................. 110,074,520
--------------
TOTAL BONDS...................................... 1,003,903,903
--------------
U.S. TREASURY OBLIGATIONS -- (0.4%)
U.S. Treasury Bonds
5.375%, 02/15/31............................. 2,850 3,575,971
--------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $979,235,460)............................ $1,007,479,874
==============
At April 30, 2018, DFA World ex U.S. Government Fixed Income Portfolio had
entered into the following forward currency contracts and the net unrealized
forward currency gain (loss) is reflected in the accompanying financial
statements:
UNREALIZED
FOREIGN
EXCHANGE
SETTLEMENT APPRECIATION
CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION)
------------------ --------------- ---------------------------- ---------- --------------
USD 73,984,989 GBP 52,557,322 Citibank, N.A. 05/08/18 $1,610,438
USD 40,407,535 NOK 315,563,244 JP Morgan 07/06/18 978,877
USD 37,023 EUR 29,840 Citibank, N.A. 07/11/18 795
USD 3,298,784 EUR 2,656,828 UBS AG 07/11/18 73,158
USD 139,548,320 EUR 112,569,289 State Street Bank and Trust 07/11/18 2,879,151
USD 6,162,247 EUR 5,071,872 State Street Bank and Trust 07/13/18 3,590
USD 140,986,015 EUR 113,302,972 State Street Bank and Trust 07/13/18 3,404,839
USD 4,088,331 AUD 5,263,523 Bank of America Corp. 07/17/18 124,440
USD 116,709,745 GBP 81,718,394 State Street Bank and Trust 07/17/18 3,788,717
USD 6,962,721 EUR 5,718,717 UBS AG 07/19/18 15,395
USD 85,829,090 CAD 107,975,682 State Street Bank and Trust 07/19/18 1,578,742
USD 141,153,922 EUR 113,280,015 UBS AG 07/19/18 3,536,844
USD 11,133,038 EUR 9,061,181 UBS AG 07/20/18 124,304
USD 140,315,371 EUR 113,270,462 UBS AG 07/20/18 2,699,264
USD 40,161,567 DKK 242,740,250 State Street Bank and Trust 07/23/18 564,086
38
DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO
CONTINUED
UNREALIZED
FOREIGN
EXCHANGE
SETTLEMENT APPRECIATION
CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION)
------------------ ----------------- --------------- ---------- --------------
USD 54,759,015 JPY 5,887,389,159 Citibank, N.A. 07/23/18 $ 596,323
USD 47,106,898 SEK 400,516,645 UBS AG 07/25/18 1,068,824
-----------
TOTAL APPRECIATION $23,047,787
EUR 2,067,765 USD 2,547,228 JP Morgan 07/20/18 $ (35,031)
GBP 3,748,387 USD 5,343,266 JP Morgan 07/17/18 (163,628)
NOK 50,263,097 USD 6,322,921 UBS AG 07/06/18 (42,701)
-----------
TOTAL (DEPRECIATION) $ (241,360)
-----------
TOTAL APPRECIATION
(DEPRECIATION) $22,806,427
===========
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
---------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- -------------- ------- --------------
Bonds
Australia.............................. -- $ 3,921,930 -- $ 3,921,930
Austria................................ -- 38,856,449 -- 38,856,449
Belgium................................ -- 39,188,648 -- 39,188,648
Canada................................. -- 118,241,723 -- 118,241,723
Denmark................................ -- 39,335,028 -- 39,335,028
Finland................................ -- 38,878,318 -- 38,878,318
France................................. -- 238,457,983 -- 238,457,983
Germany................................ -- 77,648,572 -- 77,648,572
Netherlands............................ -- 41,786,071 -- 41,786,071
Norway................................. -- 49,723,382 -- 49,723,382
Supranational Organization Obligations. -- 170,552,265 -- 170,552,265
Sweden................................. -- 37,239,014 -- 37,239,014
United Kingdom......................... -- 110,074,520 -- 110,074,520
U.S. Treasury Obligations................ -- 3,575,971 -- 3,575,971
Forward Currency Contracts**............. -- 22,806,427 -- 22,806,427
-- -------------- -- --------------
TOTAL.................................... -- $1,030,286,301 -- $1,030,286,301
== ============== == ==============
** Valued at the unrealized appreciation/(depreciation) on the investment.
See accompanying Notes to Financial Statements.
39
DFA SHORT-TERM GOVERNMENT PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
---------- --------------
(000)
U.S. TREASURY OBLIGATIONS -- (73.3%)
U.S. Treasury Notes
1.750%, 09/30/19.................................................... $ 209,090 $ 207,170,619
3.625%, 02/15/20................................................... 134,000 136,690,468
1.875%, 06/30/20................................................... 102,000 100,593,516
2.000%, 09/30/20................................................... 127,000 125,293,438
1.750%, 10/31/20................................................... 60,000 58,785,937
1.625%, 11/30/20................................................... 181,000 176,616,406
3.625%, 02/15/21................................................... 112,000 115,031,875
1.250%, 03/31/21................................................... 141,000 135,552,774
1.375%, 04/30/21................................................... 147,500 142,124,317
3.125%, 05/15/21................................................... 54,000 54,729,843
1.125%, 06/30/21................................................... 94,000 89,608,438
1.125%, 07/31/21................................................... 90,000 85,661,719
1.125%, 08/31/21................................................... 51,000 48,463,945
1.250%, 10/31/21................................................... 39,000 37,127,695
1.875%, 02/28/22................................................... 28,000 27,139,219
1.875%, 03/31/22................................................... 27,000 26,146,758
1.750%, 05/31/22................................................... 45,000 43,284,375
1.750%, 06/30/22................................................... 62,000 59,582,968
--------------
TOTAL U.S. TREASURY OBLIGATIONS...................................... 1,669,604,310
--------------
AGENCY OBLIGATIONS -- (26.4%)
Federal Home Loan Bank
2.000%, 09/13/19.................................................... 31,540 31,360,727
2.375%, 12/13/19................................................... 25,000 24,943,000
4.125%, 03/13/20................................................... 22,950 23,598,108
1.375%, 02/18/21................................................... 20,000 19,315,880
1.750%, 03/12/21................................................... 10,000 9,733,510
2.375%, 03/12/21................................................... 16,000 15,857,168
1.875%, 06/11/21................................................... 20,000 19,491,220
1.125%, 07/14/21................................................... 20,000 19,048,180
2.375%, 09/10/21................................................... 33,000 32,642,115
1.875%, 11/29/21................................................... 54,000 52,447,338
2.625%, 12/10/21................................................... 10,000 9,943,880
2.250%, 03/11/22................................................... 66,435 65,067,103
2.500%, 03/11/22................................................... 31,635 31,321,276
2.125%, 06/10/22................................................... 51,150 49,785,983
2.000%, 09/09/22................................................... 40,315 38,946,386
1.875%, 12/09/22................................................... 10,000 9,574,670
2.500%, 12/09/22................................................... 92,000 90,498,284
5.250%, 12/09/22................................................... 9,000 9,959,157
2.125%, 03/10/23................................................... 25,250 24,401,827
Tennessee Valley Authority
3.875%, 02/15/21.................................................... 22,000 22,692,670
--------------
TOTAL AGENCY OBLIGATIONS............................................. 600,628,482
--------------
TOTAL INVESTMENT SECURITIES.......................................... 2,270,232,792
--------------
SHARES
----------
TEMPORARY CASH INVESTMENTS -- (0.3%)
State Street Institutional U.S. Government Money Market Fund, 1.630%. 6,202,147 6,202,147
--------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $2,333,263,502)............................................... $2,276,434,939
==============
40
DFA SHORT-TERM GOVERNMENT PORTFOLIO
CONTINUED
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
------------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
---------- -------------- ------- --------------
U.S. Treasury Obligations.. -- $1,669,604,310 -- $1,669,604,310
Agency Obligations......... -- 600,628,482 -- 600,628,482
Temporary Cash Investments. $6,202,147 -- -- 6,202,147
---------- -------------- -- --------------
TOTAL...................... $6,202,147 $2,270,232,792 -- $2,276,434,939
========== ============== == ==============
See accompanying Notes to Financial Statements.
41
DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
-------- --------------
(000)
AGENCY OBLIGATIONS -- (29.8%)
Federal Farm Credit Bank
5.350%, 08/07/20......... $ 4,693 $ 4,972,844
3.650%, 12/21/20......... 30,822 31,576,183
5.250%, 03/02/21......... 4,273 4,565,807
5.220%, 02/22/22......... 3,503 3,803,883
5.210%, 12/19/22......... 14,851 16,324,902
5.250%, 03/06/23......... 4,203 4,642,029
5.220%, 05/15/23......... 33,694 37,276,178
3.500%, 12/20/23......... 6,000 6,159,300
Federal Home Loan Bank
3.375%, 06/12/20......... 2,965 3,012,923
2.875%, 09/11/20......... 5,295 5,317,160
4.625%, 09/11/20......... 17,970 18,802,245
3.125%, 12/11/20......... 4,205 4,247,079
5.250%, 12/11/20......... 5,290 5,640,727
1.750%, 03/12/21......... 28,330 27,575,034
5.000%, 03/12/21......... 3,645 3,879,031
2.250%, 06/11/21......... 49,035 48,182,477
3.625%, 06/11/21......... 7,030 7,219,676
5.625%, 06/11/21......... 25,905 28,107,314
2.375%, 09/10/21......... 27,565 27,266,058
3.000%, 09/10/21......... 21,875 22,076,250
2.625%, 12/10/21......... 75,370 74,947,024
5.000%, 12/10/21......... 31,875 34,232,921
2.250%, 03/11/22......... 7,005 6,860,767
2.500%, 03/11/22......... 7,705 7,628,590
5.250%, 06/10/22......... 5,780 6,343,920
5.750%, 06/10/22......... 13,660 15,238,536
2.000%, 09/09/22......... 11,365 10,979,181
5.375%, 09/30/22......... 44,400 49,100,006
5.250%, 12/09/22......... 10,510 11,630,082
2.125%, 03/10/23......... 10,000 9,664,090
4.750%, 03/10/23......... 34,465 37,324,492
3.250%, 06/09/23......... 24,520 24,942,234
2.500%, 12/08/23......... 25,000 24,425,150
3.250%, 03/08/24......... 20,000 20,279,820
2.875%, 06/14/24......... 61,000 60,673,223
5.375%, 08/15/24......... 29,950 33,983,307
5.365%, 09/09/24......... 1,400 1,587,433
2.875%, 09/13/24......... 71,500 70,898,256
2.750%, 12/13/24......... 20,000 19,651,160
4.375%, 03/13/26......... 14,080 15,156,219
5.750%, 06/12/26......... 8,080 9,591,437
3.000%, 09/11/26......... 45,885 45,351,908
2.500%, 12/10/27......... 39,130 36,763,457
Tennessee Valley Authority
3.875%, 02/15/21......... 74,241 76,578,478
1.875%, 08/15/22......... 89,450 86,030,237
2.875%, 09/15/24......... 117,875 116,624,110
6.750%, 11/01/25......... 47,282 58,766,278
2.875%, 02/01/27......... 135,706 131,666,439
7.125%, 05/01/30......... 15,000 20,585,670
--------------
TOTAL AGENCY
OBLIGATIONS............... 1,428,151,525
--------------
FACE
AMOUNT VALUE+
----------- --------------
(000)
U.S. TREASURY OBLIGATIONS -- (69.8%)
U.S. Treasury Bonds
8.125%, 08/15/21............ $ 46,911 $ 54,951,604
7.250%, 08/15/22............ 65,541 77,524,919
6.250%, 08/15/23............ 100,259 117,162,158
7.500%, 11/15/24............ 92,352 117,853,928
6.875%, 08/15/25............ 75,630 95,402,478
6.000%, 02/15/26............ 88,833 107,931,609
6.750%, 08/15/26............ 98,183 125,907,935
6.625%, 02/15/27............ 98,828 127,201,802
5.250%, 11/15/28............ 95,132 114,797,689
5.250%, 02/15/29............ 98,750 119,580,441
6.125%, 08/15/29............ 102,528 133,546,725
6.250%, 05/15/30............ 107,289 142,782,913
5.375%, 02/15/31............ 100,000 125,472,656
U.S. Treasury Notes
2.000%, 10/31/21............ 64,843 63,330,646
1.500%, 02/28/23............ 94,000 88,528,907
1.500%, 03/31/23............ 89,000 83,708,672
1.250%, 07/31/23............ 77,000 71,113,711
1.625%, 10/31/23............ 74,000 69,473,281
2.750%, 11/15/23............ 87,000 86,605,781
2.750%, 02/15/24............ 105,538 104,932,180
2.500%, 05/15/24............ 75,000 73,447,266
2.125%, 07/31/24............ 11,000 10,524,766
2.250%, 11/15/24............ 85,500 82,210,254
2.250%, 12/31/24............ 45,000 43,221,094
2.500%, 01/31/25............ 50,000 48,761,719
2.000%, 02/15/25............ 80,000 75,525,000
2.125%, 05/15/25............ 80,000 75,971,875
2.000%, 08/15/25............ 144,000 135,281,249
2.250%, 11/15/25............ 112,000 106,850,625
1.625%, 02/15/26............ 109,000 99,083,555
1.625%, 05/15/26............ 103,000 93,331,679
1.500%, 08/15/26............ 183,000 163,642,031
2.000%, 11/15/26............ 129,300 120,087,375
2.250%, 02/15/27............ 70,000 66,229,297
2.250%, 08/15/27............ 131,000 123,580,079
--------------
TOTAL U.S. TREASURY
OBLIGATIONS.................. 3,345,557,899
--------------
TOTAL INVESTMENT
SECURITIES................... 4,773,709,424
--------------
SHARES
-----------
TEMPORARY CASH INVESTMENTS -- (0.4%)
State Street Institutional
U.S. Government Money
Market Fund, 1.630%........ 21,392,379 21,392,379
--------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $4,984,526,274)....... $4,795,101,803
==============
42
DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO
CONTINUED
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
-------------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
----------- -------------- ------- --------------
Agency Obligations.. -- $1,428,151,525 -- $1,428,151,525
U.S. Treasury
Obligations........ -- 3,345,557,899 -- 3,345,557,899
Temporary Cash
Investments........ $21,392,379 -- -- 21,392,379
----------- -------------- -- --------------
TOTAL............... $21,392,379 $4,773,709,424 -- $4,795,101,803
=========== ============== == ==============
See accompanying Notes to Financial Statements.
43
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
AGENCY OBLIGATIONS -- (0.2%)
Federal Home Loan Bank
# 1.375%, 02/18/21............................. 5,000 $ 4,828,970
Tennessee Valley Authority
1.750%, 10/15/18............................. 8,303 8,286,984
-----------
TOTAL AGENCY OBLIGATIONS......................... 13,115,954
-----------
BONDS -- (96.6%)
21st Century Fox America, Inc.
5.650%, 08/15/20............................. 4,210 4,426,496
4.500%, 02/15/21............................. 7,638 7,883,405
Abbott Laboratories
# 2.000%, 03/15/20............................. 13,567 13,319,964
4.125%, 05/27/20............................. 3,000 3,059,746
# 2.800%, 09/15/20............................. 2,490 2,474,136
AbbVie, Inc.
# 2.500%, 05/14/20............................. 24,891 24,593,343
Advance Auto Parts, Inc.
5.750%, 05/01/20............................. 2,825 2,952,897
Aetna, Inc.
2.200%, 03/15/19............................. 2,696 2,681,711
2.750%, 11/15/22............................. 2,000 1,925,446
Agence Francaise de Developpement
1.625%, 01/21/20............................. 25,000 24,504,450
Agilent Technologies, Inc.
5.000%, 07/15/20............................. 1,690 1,757,043
Air Products & Chemicals, Inc.
3.000%, 11/03/21............................. 5,000 4,968,343
Alberta, Province of Canada
1.900%, 12/06/19............................. 10,000 9,869,690
1.750%, 08/26/20............................. 15,000 14,624,490
1.350%, 09/01/21............................. CAD 20,000 15,082,830
Allergan Finance LLC
3.250%, 10/01/22............................. 9,500 9,200,451
Allergan Funding SCS
# 3.450%, 03/15/22............................. 9,749 9,583,526
Alphabet, Inc.
3.625%, 05/19/21............................. 1,000 1,023,521
Altria Group, Inc.
2.625%, 01/14/20............................. 1,025 1,018,703
Amazon.com, Inc.
# 2.600%, 12/05/19............................. 10,518 10,511,005
Ameren Corp.
2.700%, 11/15/20............................. 1,000 986,242
American Express Co.
2.500%, 08/01/22............................. 1,220 1,170,198
American Express Credit Corp.
2.600%, 09/14/20............................. 13,925 13,786,079
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
American Honda Finance Corp.
1.375%, 11/10/22............................. EUR 5,000 $ 6,287,609
American International Group, Inc.
# 2.300%, 07/16/19............................. 9,017 8,940,839
3.375%, 08/15/20............................. 3,000 3,003,373
6.400%, 12/15/20............................. 11,283 12,152,076
Ameriprise Financial, Inc.
5.300%, 03/15/20............................. 6,957 7,223,871
AmerisourceBergen Corp.
# 3.500%, 11/15/21............................. 2,000 2,003,860
Amgen, Inc.
# 2.200%, 05/22/19............................. 10,625 10,573,894
# 3.450%, 10/01/20............................. 4,990 5,038,353
4.100%, 06/15/21............................. 5,000 5,115,288
Amphenol Corp.
2.550%, 01/30/19............................. 452 451,471
Anglo American Capital P.L.C.
## 3.750%, 04/10/22............................. 3,143 3,113,864
Anheuser-Busch InBev Finance, Inc.
2.650%, 02/01/21............................. 5,000 4,941,749
Anthem, Inc.
# 2.250%, 08/15/19............................. 8,485 8,400,272
ANZ New Zealand International, Ltd.
0.400%, 03/01/22............................. EUR 9,750 11,762,240
AP Moeller - Maersk A.S.
## 2.875%, 09/28/20............................. 3,000 2,961,180
Apache Corp.
6.900%, 09/15/18............................. 200 203,154
3.250%, 04/15/22............................. 19,465 19,206,607
Apple, Inc.
2.100%, 05/06/19............................. 27,000 26,934,932
# 2.000%, 05/06/20............................. 1,782 1,757,359
2.250%, 02/23/21............................. 4,000 3,932,378
# 2.850%, 05/06/21............................. 29,000 28,902,062
# 1.550%, 08/04/21............................. 10,000 9,554,200
# 2.500%, 02/09/22............................. 12,191 11,946,073
2.300%, 05/11/22............................. 11,657 11,292,794
Applied Materials, Inc.
# 2.625%, 10/01/20............................. 1,590 1,576,443
Arizona Public Service Co.
8.750%, 03/01/19............................. 1,788 1,877,145
ASB Finance, Ltd.
0.500%, 06/10/22............................. EUR 2,200 2,652,814
Asian Development Bank
1.750%, 09/11/18............................. 7,409 7,396,877
1.875%, 04/12/19............................. 17,884 17,789,894
1.625%, 03/16/21............................. 6,000 5,807,492
Associated Banc-Corp
2.750%, 11/15/19............................. 447 443,337
44
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
AstraZeneca P.L.C.
2.375%, 11/16/20............................. 23,256 $22,868,377
AT&T, Inc.
# 5.800%, 02/15/19............................. 3,751 3,837,251
# 4.600%, 02/15/21............................. 8,793 9,061,951
# 3.800%, 03/15/22............................. 11,600 11,708,966
Australia & New Zealand Banking Group, Ltd.
2.250%, 06/13/19............................. 35,154 34,979,630
2.700%, 11/16/20............................. 1,000 988,923
3.300%, 03/07/22............................. AUD 19,300 14,627,267
2.625%, 05/19/22............................. 10,000 9,698,683
Autodesk, Inc.
# 3.125%, 06/15/20............................. 14,337 14,282,800
Banco Santander SA
# 3.848%, 04/12/23............................. 25,400 25,197,952
Bank Nederlandse Gemeenten NV
4.375%, 02/16/21............................. 11,000 11,430,100
1.625%, 04/19/21............................. 46,168 44,496,441
## 2.375%, 02/01/22............................. 19,000 18,560,872
2.375%, 02/01/22............................. 41,400 40,443,163
2.500%, 01/23/23............................. 10,000 9,751,000
Bank of America Corp.
# 2.650%, 04/01/19............................. 4,255 4,255,948
# 2.625%, 10/19/20............................. 5,000 4,940,430
# 5.700%, 01/24/22............................. 12,571 13,598,023
Bank of Montreal
1.900%, 08/27/21............................. 32,954 31,533,024
Bank of New York Mellon Corp. (The)
5.450%, 05/15/19............................. 2,309 2,375,602
# 2.150%, 02/24/20............................. 15,585 15,378,513
Bank of Nova Scotia (The)
2.050%, 06/05/19............................. 1,788 1,773,814
2.350%, 10/21/20............................. 1,315 1,288,946
2.450%, 03/22/21............................. 37,679 36,861,178
2.700%, 03/07/22............................. 2,605 2,538,319
Barclays P.L.C.
# 2.750%, 11/08/19............................. 26,424 26,242,124
1.500%, 04/01/22............................. EUR 1,764 2,187,996
BAT International Finance P.L.C.
## # 3.250%, 06/07/22............................. 7,350 7,226,849
Baxalta, Inc.
2.875%, 06/23/20............................. 4,024 3,982,234
Bayer U.S. Finance LLC
## # 2.375%, 10/08/19............................. 5,616 5,561,626
BB&T Corp.
2.050%, 05/10/21............................. 3,500 3,381,844
Beam Suntory, Inc.
1.750%, 06/15/18............................. 16,605 16,585,388
Berkshire Hathaway Finance Corp.
# 2.900%, 10/15/20............................. 3,000 3,015,260
Berkshire Hathaway, Inc.
2.100%, 08/14/19............................. 18,152 18,068,470
2.200%, 03/15/21............................. 8,295 8,148,694
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
Biogen, Inc.
2.900%, 09/15/20............................. 19,046 $18,954,645
3.625%, 09/15/22............................. 2,500 2,499,979
BlackRock, Inc.
5.000%, 12/10/19............................. 2,193 2,269,085
4.250%, 05/24/21............................. 2,850 2,949,861
BMW US Capital LLC
0.625%, 04/20/22............................. EUR 2,000 2,445,950
BNP Paribas SA
2.875%, 10/24/22............................. EUR 5,000 6,685,960
Booking Holdings, Inc.
0.800%, 03/10/22............................. EUR 7,866 9,606,146
Boston Scientific Corp.
2.850%, 05/15/20............................. 9,273 9,186,145
BP Capital Markets P.L.C.
# 2.315%, 02/13/20............................. 14,259 14,125,174
BPCE SA
2.250%, 01/27/20............................. 13,175 12,959,035
1.125%, 12/14/22............................. EUR 2,500 3,107,921
British Telecommunications P.L.C.
0.500%, 06/23/22............................. EUR 1,600 1,928,828
Buckeye Partners L.P.
2.650%, 11/15/18............................. 889 889,089
Caisse d'Amortissement de la Dette Sociale
2.000%, 04/17/20............................. 17,000 16,756,679
2.000%, 03/22/21............................. 25,435 24,794,038
0.125%, 11/25/22............................. EUR 26,900 32,599,296
Canada Housing Trust No. 1
## 1.750%, 06/15/22............................. CAD 20,000 15,215,702
Canadian Pacific Railway Co.
7.250%, 05/15/19............................. 2,576 2,693,148
Capital One Bank USA NA
# 2.300%, 06/05/19............................. 4,471 4,436,667
Capital One Financial Corp.
2.450%, 04/24/19............................. 7,383 7,361,014
CBS Corp.
# 2.300%, 08/15/19............................. 14,110 13,971,921
# 3.375%, 03/01/22............................. 5,000 4,952,701
Celgene Corp.
3.550%, 08/15/22............................. 7,000 6,946,411
Chevron Corp.
1.718%, 06/24/18............................. 633 632,482
1.961%, 03/03/20............................. 18,198 17,954,875
1.991%, 03/03/20............................. 1,500 1,480,453
# 2.419%, 11/17/20............................. 37,151 36,917,568
2.100%, 05/16/21............................. 25,500 24,871,735
# 2.498%, 03/03/22............................. 10,030 9,820,359
Chubb INA Holdings, Inc.
2.300%, 11/03/20............................. 8,000 7,854,560
2.875%, 11/03/22............................. 3,000 2,940,967
Cisco Systems, Inc.
# 2.125%, 03/01/19............................. 2,144 2,139,162
4.450%, 01/15/20............................. 4,896 5,035,830
45
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
# 2.450%, 06/15/20............................. 3,395 $ 3,374,999
2.200%, 02/28/21............................. 57,736 56,679,333
# 1.850%, 09/20/21............................. 20,960 20,152,837
Citigroup, Inc.
2.500%, 09/26/18............................. 10,282 10,280,836
2.550%, 04/08/19............................. 1,942 1,938,802
Citizens Bank NA
2.450%, 12/04/19............................. 2,175 2,153,102
2.650%, 05/26/22............................. 7,635 7,374,178
CNA Financial Corp.
5.875%, 08/15/20............................. 1,000 1,056,354
Coca-Cola Co. (The)
# 1.875%, 10/27/20............................. 16,673 16,295,510
# 3.150%, 11/15/20............................. 1,020 1,030,260
1.550%, 09/01/21............................. 2,500 2,385,075
# 3.300%, 09/01/21............................. 14,000 14,157,866
# 2.200%, 05/25/22............................. 20,425 19,761,116
Coca-Cola European Partners US LLC
3.500%, 09/15/20............................. 4,591 4,619,469
Comerica, Inc.
2.125%, 05/23/19............................. 2,057 2,044,498
Commonwealth Bank of Australia
2.500%, 09/20/18............................. 4,634 4,636,754
2.250%, 03/13/19............................. 2,000 1,993,495
# 2.300%, 09/06/19............................. 37,525 37,221,896
## 2.250%, 03/10/20............................. 5,000 4,921,084
2.300%, 03/12/20............................. 4,500 4,440,105
# 2.400%, 11/02/20............................. 10,000 9,836,053
2.900%, 07/12/21............................. AUD 5,000 3,752,370
## 2.000%, 09/06/21............................. 5,000 4,800,424
3.250%, 01/17/22............................. AUD 5,000 3,786,843
## 2.750%, 03/10/22............................. 11,500 11,214,791
3.250%, 03/31/22............................. AUD 3,200 2,418,226
Constellation Brands, Inc.
2.700%, 05/09/22............................. 4,935 4,763,797
3.200%, 02/15/23............................. 3,944 3,859,233
Cooperatieve Rabobank UA
2.250%, 01/14/19............................. 7,577 7,559,515
2.500%, 01/19/21............................. 15,935 15,659,996
0.125%, 10/11/21............................. EUR 2,750 3,312,039
2.750%, 01/10/22............................. 5,928 5,796,272
4.000%, 01/11/22............................. EUR 2,500 3,433,918
# 3.875%, 02/08/22............................. 17,836 18,123,300
4.750%, 06/06/22............................. EUR 3,000 4,268,212
0.500%, 12/06/22............................. EUR 3,496 4,233,433
Corning, Inc.
4.250%, 08/15/20............................. 2,850 2,911,802
Costco Wholesale Corp.
1.700%, 12/15/19............................. 2 1,969
CPPIB Capital, Inc.
## 2.250%, 01/25/22............................. 25,400 24,724,330
2.250%, 01/25/22............................. 36,750 35,772,406
Credit Suisse AG
# 2.300%, 05/28/19............................. 9,827 9,784,005
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
Credit Suisse Group Funding Guernsey, Ltd.
1.250%, 04/14/22............................. EUR 10,220 $12,612,075
CVS Health Corp.
# 2.250%, 12/05/18............................. 1,672 1,668,141
# 2.250%, 08/12/19............................. 5,370 5,325,429
Daimler Finance North America LLC
## 2.250%, 03/02/20............................. 9,750 9,597,813
Daiwa Securities Group, Inc.
## 3.129%, 04/19/22............................. 10,000 9,791,766
Danone SA
## 2.077%, 11/02/21............................. 5,000 4,786,400
Danske Bank A.S.
## 2.750%, 09/17/20............................. 15,822 15,633,820
Deutsche Bank AG
# 2.500%, 02/13/19............................. 1,650 1,643,191
2.500%, 02/13/19............................. 5,942 5,917,513
# 3.125%, 01/13/21............................. 4,900 4,810,988
1.500%, 01/20/22............................. EUR 6,000 7,363,071
2.375%, 01/11/23............................. EUR 9,700 12,282,289
Deutsche Telekom International Finance BV
6.000%, 07/08/19............................. 3,774 3,911,778
## 1.950%, 09/19/21............................. 2,535 2,421,017
Dexia Credit Local SA
0.625%, 01/21/22............................. EUR 750 924,312
0.250%, 06/02/22............................. EUR 8,000 9,701,663
0.750%, 01/25/23............................. EUR 1,200 1,481,360
Discovery Communications LLC
## # 2.750%, 11/15/19............................. 19,864 19,748,791
# 3.300%, 05/15/22............................. 6,000 5,906,006
## # 3.500%, 06/15/22............................. 10,000 9,890,669
Dominion Energy Gas Holdings LLC
2.800%, 11/15/20............................. 5,000 4,950,290
Dominion Energy, Inc.
2.500%, 12/01/19............................. 7,881 7,786,368
Dow Chemical Co. (The)
4.250%, 11/15/20............................. 7,657 7,841,061
Dr Pepper Snapple Group, Inc.
2.700%, 11/15/22............................. 2,000 1,901,619
Dr. Pepper Snapple Group, Inc.
2.600%, 01/15/19............................. 939 937,774
2.000%, 01/15/20............................. 747 733,047
DTE Energy Co.
2.400%, 12/01/19............................. 18,342 18,091,782
Duke Energy Corp.
5.050%, 09/15/19............................. 586 601,626
DXC Technology Co.
4.450%, 09/18/22............................. 1,250 1,273,354
E*TRADE Financial Corp.
# 2.950%, 08/24/22............................. 4,060 3,933,099
46
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
Eastman Chemical Co.
2.700%, 01/15/20............................. 3,756 $ 3,733,684
eBay, Inc.
2.200%, 08/01/19............................. 4,184 4,157,608
# 3.800%, 03/09/22............................. 1,636 1,653,911
EI du Pont de Nemours & Co.
4.625%, 01/15/20............................. 1,289 1,325,925
4.250%, 04/01/21............................. 3,035 3,122,853
2.800%, 02/15/23............................. 1,000 966,254
Electricite de France SA
## 2.350%, 10/13/20............................. 1,500 1,474,854
Electronic Arts, Inc.
3.700%, 03/01/21............................. 11,879 12,003,108
EMD Finance LLC
## 2.400%, 03/19/20............................. 1,755 1,730,343
Enbridge, Inc.
# 2.900%, 07/15/22............................. 18,189 17,560,538
Enterprise Products Operating LLC
# 5.250%, 01/31/20............................. 1,788 1,852,887
ERAC USA Finance LLC
## 2.350%, 10/15/19............................. 7,283 7,205,253
European Financial Stability Facility
--%, 11/17/22................................ EUR 47,387 57,152,079
0.500%, 01/20/23............................. EUR 31,000 38,192,575
European Investment Bank
1.875%, 03/15/19............................. 4,471 4,450,933
1.625%, 03/16/20............................. 10,000 9,816,200
# 1.375%, 06/15/20............................. 6,000 5,838,480
# 2.875%, 09/15/20............................. 9,000 9,029,754
# 1.625%, 12/15/20............................. 8,000 7,775,276
# 2.000%, 03/15/21............................. 5,000 4,892,525
1.375%, 09/15/21............................. 48,000 45,749,613
European Stability Mechanism
0.0%, 10/18/22............................... EUR 14,800 17,849,938
Eversource Energy
2.500%, 03/15/21............................. 5,500 5,394,488
Exelon Corp.
# 2.850%, 06/15/20............................. 1,399 1,385,000
2.450%, 04/15/21............................. 447 433,559
Exelon Generation Co. LLC
2.950%, 01/15/20............................. 7,064 7,038,380
Export Development Canada
1.375%, 10/21/21............................. 12,800 12,169,204
Express Scripts Holding Co.
2.250%, 06/15/19............................. 9,876 9,796,909
3.900%, 02/15/22............................. 1,000 1,003,730
Exxon Mobil Corp.
# 1.819%, 03/15/19............................. 21,614 21,504,045
1.912%, 03/06/20............................. 8,143 8,033,979
2.222%, 03/01/21............................. 45,395 44,654,544
2.397%, 03/06/22............................. 1,035 1,011,609
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
FedEx Corp.
2.300%, 02/01/20............................. 4,340 $ 4,292,086
1.000%, 01/11/23............................. EUR 5,000 6,141,369
Fidelity National Information Services, Inc.
# 3.625%, 10/15/20............................. 6,415 6,479,137
2.250%, 08/15/21............................. 2,500 2,410,275
Fifth Third Bancorp
2.300%, 03/01/19............................. 9,444 9,411,090
FMS Wertmanagement
1.375%, 06/08/21............................. 10,000 9,564,397
Ford Motor Credit Co. LLC
5.000%, 05/15/18............................. 17,685 17,702,127
# 2.459%, 03/27/20............................. 5,365 5,284,408
# 3.157%, 08/04/20............................. 11,533 11,478,470
Fortune Brands Home & Security, Inc.
3.000%, 06/15/20............................. 6,500 6,442,448
French Republic Government Bond OAT
2.250%, 10/25/22............................. EUR 50,800 67,712,557
GATX Corp.
2.500%, 03/15/19............................. 6,103 6,084,857
GE Capital European Funding Unlimited Co.
4.350%, 11/03/21............................. EUR 2,463 3,392,468
0.800%, 01/21/22............................. EUR 1,750 2,140,126
GE Capital International Funding Co., Unlimited
Co.
# 2.342%, 11/15/20............................. 56,970 55,687,143
General Electric Co.
0.375%, 05/17/22............................. EUR 13,519 16,228,566
0.375%, 05/17/22............................. EUR 8,200 9,843,498
General Motors Financial Co., Inc.
# 3.200%, 07/06/21............................. 12,709 12,557,189
# 3.450%, 01/14/22............................. 14,123 13,966,473
Gilead Sciences, Inc.
# 4.500%, 04/01/21............................. 1,198 1,240,218
GlaxoSmithKline Capital, Inc.
2.800%, 03/18/23............................. 700 681,440
Goldcorp, Inc.
# 3.625%, 06/09/21............................. 4,553 4,553,674
Goldman Sachs Group, Inc. (The)
7.500%, 02/15/19............................. 8,000 8,300,764
2.550%, 10/23/19............................. 5,500 5,475,091
2.750%, 09/15/20............................. 10,000 9,904,465
2.625%, 04/25/21............................. 502 491,309
Harley-Davidson Financial Services, Inc.
## 2.150%, 02/26/20............................. 21,047 20,648,635
Harris Corp.
2.700%, 04/27/20............................. 4,247 4,211,276
47
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
Hartford Financial Services Group, Inc. (The)
5.500%, 03/30/20............................. 4,600 $ 4,792,050
Hershey Co. (The)
4.125%, 12/01/20............................. 700 719,990
Hewlett Packard Enterprise Co.
3.600%, 10/15/20............................. 10,000 10,071,182
HSBC USA, Inc.
2.375%, 11/13/19............................. 2,683 2,654,751
2.350%, 03/05/20............................. 5,500 5,432,788
Humana, Inc.
2.625%, 10/01/19............................. 3,845 3,828,206
Huntington Bancshares, Inc.
# 2.600%, 08/02/18............................. 16,084 16,087,743
Iberdrola Finance Ireland DAC
## 5.000%, 09/11/19............................. 6,662 6,824,848
Indiana Michigan Power Co.
7.000%, 03/15/19............................. 2,236 2,314,624
ING Bank NV
## 2.750%, 03/22/21............................. 6,000 5,917,942
Integrys Holding, Inc.
4.170%, 11/01/20............................. 1,000 1,020,942
Intel Corp.
# 3.300%, 10/01/21............................. 5,000 5,047,898
Inter-American Development Bank
# 1.875%, 06/16/20............................. 7,000 6,899,333
2.125%, 11/09/20............................. 35,000 34,526,380
International Bank for Reconstruction & Development
# 1.375%, 05/24/21............................. 5,000 4,792,845
2.250%, 06/24/21............................. 6,000 5,898,588
2.600%, 09/20/22............................. AUD 12,000 8,992,416
International Business Machines Corp.
2.250%, 02/19/21............................. 4,000 3,930,366
2.500%, 01/27/22............................. 5,000 4,870,640
International Finance Corp.
0.875%, 06/15/18............................. 2,490 2,486,838
Intesa Sanpaolo SpA
0.875%, 06/27/22............................. EUR 18,581 22,626,062
## # 3.125%, 07/14/22............................. 1,420 1,367,985
Italy Buoni Poliennali Del Tesoro
1.450%, 09/15/22............................. EUR 21,500 27,027,269
Japan Finance Organization for Municipalities
2.500%, 09/12/18............................. 6,886 6,883,108
2.125%, 03/06/19............................. 4,472 4,447,449
Jersey Central Power & Light Co.
7.350%, 02/01/19............................. 7,492 7,727,093
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
John Deere Capital Corp.
2.050%, 03/10/20............................. 20,620 $ 20,309,734
Johnson & Johnson
# 1.650%, 03/01/21............................. 9,000 8,740,051
2.250%, 03/03/22............................. 5,000 4,865,401
JPMorgan Chase & Co.
6.300%, 04/23/19............................. 894 925,517
2.550%, 10/29/20............................. 11,000 10,840,364
4.350%, 08/15/21............................. 4,994 5,160,038
Kellogg Co.
0.800%, 11/17/22............................. EUR 2,250 2,734,880
KeyCorp
2.900%, 09/15/20............................. 11,259 11,179,068
5.100%, 03/24/21............................. 8,008 8,401,687
Kommunalbanken A.S.
1.750%, 05/28/19............................. 17,884 17,735,455
1.625%, 02/10/21............................. 15,000 14,507,025
2.250%, 01/25/22............................. 30,000 29,205,990
Kommunekredit
0.0%, 09/08/22............................... EUR 1,750 2,101,247
Kommuninvest I Sverige AB
2.000%, 11/12/19............................. 9,471 9,381,688
1.000%, 09/15/21............................. SEK 360,000 42,362,310
0.250%, 06/01/22............................. SEK 903,000 103,020,156
Kreditanstalt fuer Wiederaufbau
# 1.875%, 04/01/19............................. 6,259 6,227,869
1.500%, 04/20/20............................. 22,500 21,982,902
# 2.125%, 03/07/22............................. 20,000 19,431,199
2.900%, 06/06/22............................. AUD 20,000 15,155,622
--%, 12/15/22................................ EUR 40,228 48,478,566
Kroger Co. (The)
2.300%, 01/15/19............................. 11,572 11,536,609
3.400%, 04/15/22............................. 10,000 9,928,570
L3 Technologies, Inc.
4.750%, 07/15/20............................. 4,650 4,808,502
Laboratory Corp. of America Holdings
# 2.625%, 02/01/20............................. 7,623 7,553,250
Lam Research Corp.
2.750%, 03/15/20............................. 8,942 8,914,108
Landeskreditbank Baden- Wuerttemberg Foerderbank
1.375%, 07/21/21............................. 5,000 4,761,435
Landwirtschaftliche Rentenbank
2.700%, 09/05/22............................. AUD 21,360 16,052,572
Legg Mason, Inc.
2.700%, 07/15/19............................. 9,258 9,207,603
Liberty Mutual Group, Inc.
## 5.000%, 06/01/21............................. 2,500 2,599,483
Lincoln National Corp.
6.250%, 02/15/20............................. 3,215 3,380,491
4.850%, 06/24/21............................. 1,270 1,326,507
48
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
Lloyds Bank P.L.C.
2.700%, 08/17/20............................. 1,600 $ 1,586,707
Lloyds Banking Group P.L.C.
3.100%, 07/06/21............................. 6,750 6,699,420
# 3.000%, 01/11/22............................. 16,162 15,852,303
Lockheed Martin Corp.
2.500%, 11/23/20............................. 7,500 7,411,076
Macquarie Group, Ltd.
## 3.000%, 12/03/18............................. 20,235 20,271,321
Manitoba, Province of Canada
2.100%, 09/06/22............................. 20,000 19,127,240
Manufacturers & Traders Trust Co.
2.250%, 07/25/19............................. 530 525,365
2.100%, 02/06/20............................. 28,367 27,902,040
Marriott International, Inc.
6.750%, 05/15/18............................. 4,264 4,270,590
# 3.000%, 03/01/19............................. 2,835 2,838,851
Marsh & McLennan Cos., Inc.
2.350%, 09/10/19............................. 4,471 4,433,586
2.350%, 03/06/20............................. 1,000 985,640
2.750%, 01/30/22............................. 4,650 4,532,849
Mastercard, Inc.
1.100%, 12/01/22............................. EUR 15,162 18,785,951
Maxim Integrated Products, Inc.
2.500%, 11/15/18............................. 3,464 3,458,856
McDonald's Corp.
3.500%, 07/15/20............................. 4,928 4,984,086
Merck & Co., Inc.
1.850%, 02/10/20............................. 4,450 4,385,480
Microsoft Corp.
# 1.625%, 12/06/18............................. 7,227 7,199,419
1.850%, 02/12/20............................. 21,640 21,346,816
# 3.000%, 10/01/20............................. 5,000 5,040,483
2.000%, 11/03/20............................. 33,993 33,415,659
1.550%, 08/08/21............................. 20,978 20,101,630
# 2.400%, 02/06/22............................. 20,000 19,548,691
2.375%, 02/12/22............................. 11,883 11,588,500
Mitsubishi UFJ Financial Group, Inc.
# 2.950%, 03/01/21............................. 1,725 1,709,742
0.680%, 01/26/23............................. EUR 10,060 12,128,189
Mizuho Bank, Ltd.
## # 2.450%, 04/16/19............................. 1,575 1,569,266
## 2.700%, 10/20/20............................. 11,960 11,784,549
Mizuho Financial Group, Inc.
## 2.632%, 04/12/21............................. 5,000 4,882,519
Molson Coors Brewing Co.
2.100%, 07/15/21............................. 3,000 2,874,667
Mondelez International Holdings Netherlands BV
## 2.000%, 10/28/21............................. 13,012 12,387,982
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
Monsanto Co.
1.850%, 11/15/18............................. 24,511 $24,402,593
2.125%, 07/15/19............................. 2,236 2,215,830
Morgan Stanley
7.300%, 05/13/19............................. 2,315 2,419,689
MUFG Bank, Ltd.
## 2.350%, 09/08/19............................. 4,570 4,529,452
Municipality Finance P.L.C.
1.500%, 03/23/20............................. 10,000 9,779,120
1.375%, 09/21/21............................. 7,500 7,121,063
2.375%, 03/15/22............................. 10,000 9,766,900
Mylan NV
3.750%, 12/15/20............................. 4,065 4,077,450
Mylan, Inc.
# 2.550%, 03/28/19............................. 9,089 9,053,390
National Australia Bank, Ltd.
2.250%, 07/01/19............................. 15,626 15,521,987
## 2.400%, 12/09/19............................. 8,492 8,422,855
# 2.625%, 07/23/20............................. 5,339 5,283,078
2.625%, 01/14/21............................. 2,000 1,969,116
3.000%, 05/12/21............................. AUD 6,000 4,523,216
1.875%, 07/12/21............................. 5,500 5,266,588
2.800%, 01/10/22............................. 24,500 24,014,700
2.500%, 05/22/22............................. 42,800 41,293,201
0.350%, 09/07/22............................. EUR 7,800 9,369,449
Nederlandse Waterschapsbank NV
1.875%, 03/13/19............................. 53,652 53,356,646
1.625%, 03/04/20............................. 30,000 29,412,000
1.875%, 04/14/22............................. 5,000 4,786,730
Nestle Holdings, Inc.
1.875%, 03/09/21............................. 10,000 9,693,520
NetApp, Inc.
# 3.375%, 06/15/21............................. 8,650 8,599,849
NextEra Energy Capital Holdings, Inc.
2.400%, 09/15/19............................. 9,378 9,307,443
Nissan Motor Acceptance Corp.
## 2.550%, 03/08/21............................. 16,249 15,900,585
Noble Energy, Inc.
4.150%, 12/15/21............................. 4,000 4,065,659
Nomura Holdings, Inc.
2.750%, 03/19/19............................. 16,440 16,432,640
Nordea Bank AB
1.625%, 05/15/18............................. 1,923 1,922,731
2.375%, 04/04/19............................. 15,005 14,954,669
## 2.500%, 09/17/20............................. 6,000 5,907,333
Nordic Investment Bank
# 1.875%, 06/14/19............................. 9,471 9,402,809
2.125%, 02/01/22............................. 7,500 7,290,269
Nordstrom, Inc.
# 4.750%, 05/01/20............................. 13,135 13,507,910
Norfolk Southern Corp.
3.000%, 04/01/22............................. 1,352 1,336,899
49
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
NRW Bank
1.875%, 07/01/19............................. 2,884 $ 2,859,025
Nuveen Finance LLC
## 2.950%, 11/01/19............................. 9,568 9,534,214
NVIDIA Corp.
2.200%, 09/16/21............................. 1,830 1,775,527
Occidental Petroleum Corp.
4.100%, 02/01/21............................. 542 556,190
Omnicom Group, Inc.
4.450%, 08/15/20............................. 550 564,636
Ontario, Province of Canada
4.400%, 04/14/20............................. 28,000 28,853,407
OP Corporate Bank P.L.C.
0.375%, 10/11/22............................. EUR 325 391,000
Oracle Corp.
2.800%, 07/08/21............................. 6,536 6,504,343
# 1.900%, 09/15/21............................. 97,577 94,147,223
# 2.500%, 05/15/22............................. 5,000 4,879,153
Pacific Gas & Electric Co.
3.500%, 10/01/20............................. 900 901,911
Penske Truck Leasing Co. L.P. / PTL Finance Corp.
## 3.050%, 01/09/20............................. 828 827,404
## # 3.375%, 02/01/22............................. 10,000 9,894,370
Pernod Ricard SA
## 5.750%, 04/07/21............................. 620 660,827
## 4.450%, 01/15/22............................. 5,327 5,507,973
Perrigo Finance Unlimited Co.
3.500%, 03/15/21............................. 5,056 5,035,922
Pfizer, Inc.
2.100%, 05/15/19............................. 2,000 1,990,759
1.950%, 06/03/21............................. 27,847 27,088,386
# 2.200%, 12/15/21............................. 15,000 14,638,530
0.250%, 03/06/22............................. EUR 11,200 13,514,147
Phillips 66 Partners L.P.
2.646%, 02/15/20............................. 6,873 6,791,718
PNC Bank NA
2.400%, 10/18/19............................. 11,500 11,417,627
2.300%, 06/01/20............................. 200 196,890
2.600%, 07/21/20............................. 4,800 4,749,254
Procter & Gamble Co. (The)
# 1.850%, 02/02/21............................. 8,670 8,439,417
Progress Energy, Inc.
4.875%, 12/01/19............................. 4,672 4,785,318
Progressive Corp. (The)
3.750%, 08/23/21............................. 706 718,190
Province of British Columbia Canada
2.650%, 09/22/21............................. 26,337 26,075,187
Province of Manitoba Canada
2.050%, 11/30/20............................. 3,800 3,717,382
2.125%, 05/04/22............................. 10,000 9,611,757
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
Province of Ontario Canada
1.875%, 05/21/20............................. 15,000 $14,713,793
2.500%, 09/10/21............................. 59,530 58,458,619
1.350%, 03/08/22............................. CAD 20,000 14,954,476
2.250%, 05/18/22............................. 5,000 4,827,853
3.150%, 06/02/22............................. CAD 19,000 15,180,467
Province of Quebec Canada
3.500%, 07/29/20............................. 53,000 53,781,220
2.750%, 08/25/21............................. 10,000 9,910,136
2.375%, 01/31/22............................. 40,718 39,692,819
Prudential Financial, Inc.
# 2.350%, 08/15/19............................. 6,000 5,963,271
5.375%, 06/21/20............................. 1,700 1,776,686
# 4.500%, 11/15/20............................. 7,000 7,227,583
PSEG Power LLC
2.450%, 11/15/18............................. 6,831 6,816,112
5.125%, 04/15/20............................. 11,108 11,493,360
Puget Energy, Inc.
6.500%, 12/15/20............................. 3,363 3,610,270
QUALCOMM, Inc.
2.250%, 05/20/20............................. 8,235 8,104,155
3.000%, 05/20/22............................. 2,425 2,364,806
Regions Financial Corp.
3.200%, 02/08/21............................. 10,500 10,452,789
2.750%, 08/14/22............................. 6,401 6,170,677
Republic of Austria Government Bond
## 0.0%, 09/20/22............................... EUR 4,000 4,845,329
Republic Services, Inc.
5.500%, 09/15/19............................. 4,473 4,628,472
3.550%, 06/01/22............................. 2,000 2,001,080
Roper Technologies, Inc.
2.050%, 10/01/18............................. 1,500 1,496,647
2.800%, 12/15/21............................. 1,000 977,352
Royal Bank of Canada
2.125%, 03/02/20............................. 22,338 21,971,037
2.150%, 03/06/20............................. 665 654,902
2.350%, 10/30/20............................. 7,428 7,292,837
2.500%, 01/19/21............................. 12,750 12,518,582
2.750%, 02/01/22............................. 24,000 23,512,158
1.968%, 03/02/22............................. CAD 10,000 7,564,391
Ryder System, Inc.
2.650%, 03/02/20............................. 7,000 6,937,671
3.400%, 03/01/23............................. 3,000 2,967,601
Santander Holdings USA, Inc.
2.650%, 04/17/20............................. 3,000 2,964,629
Santander UK Group Holdings P.L.C.
3.125%, 01/08/21............................. 15,000 14,875,200
Santander UK P.L.C.
2.375%, 03/16/20............................. 2,824 2,787,334
Sempra Energy
2.850%, 11/15/20............................. 5,400 5,335,870
50
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
Shell International Finance BV
2.000%, 11/15/18............................. 10,526 $10,496,592
4.300%, 09/22/19............................. 4,471 4,574,544
4.375%, 03/25/20............................. 1,250 1,286,107
2.125%, 05/11/20............................. 17,155 16,933,900
2.250%, 11/10/20............................. 18,999 18,728,325
# 1.875%, 05/10/21............................. 32,626 31,586,985
1.750%, 09/12/21............................. 27,855 26,707,297
Sherwin-Williams Co. (The)
2.750%, 06/01/22............................. 2,000 1,936,376
Skandinaviska Enskilda Banken AB
1.250%, 08/05/22............................. GBP 2,000 2,708,287
Societe Generale SA
## 2.625%, 09/16/20............................. 17,000 16,758,964
## 2.500%, 04/08/21............................. 4,200 4,094,181
Solvay Finance America LLC
## 3.400%, 12/03/20............................. 10,000 10,004,267
Southern Co. (The)
2.750%, 06/15/20............................. 9,683 9,593,701
Southern Power Co.
1.000%, 06/20/22............................. EUR 14,310 17,543,298
Southwest Airlines Co.
2.750%, 11/06/19............................. 17,072 16,987,788
2.650%, 11/05/20............................. 4,500 4,443,372
Spain Government Bond
## 5.400%, 01/31/23............................. EUR 17,000 25,525,713
Starbucks Corp.
# 2.100%, 02/04/21............................. 1,770 1,728,223
State of North Rhine- Westphalia Germany
1.625%, 01/22/20............................. 18,950 18,591,864
State Street Corp.
# 2.550%, 08/18/20............................. 10,138 10,059,069
Statoil ASA
1.150%, 05/15/18............................. 11,682 11,677,540
2.250%, 11/08/19............................. 7,500 7,434,529
# 2.900%, 11/08/20............................. 2,780 2,779,855
3.150%, 01/23/22............................. 2,692 2,690,552
Stryker Corp.
2.625%, 03/15/21............................. 6,121 6,037,570
Sumitomo Mitsui Banking Corp.
2.450%, 01/10/19............................. 5,865 5,858,950
Sumitomo Mitsui Financial Group, Inc.
2.934%, 03/09/21............................. 4,000 3,962,073
2.058%, 07/14/21............................. 10,000 9,609,458
SunTrust Banks, Inc.
2.500%, 05/01/19............................. 5,055 5,042,873
# 2.900%, 03/03/21............................. 14,765 14,612,964
Svensk Exportkredit AB
1.750%, 08/28/20............................. 6,000 5,855,093
# 2.375%, 03/09/22............................. 10,000 9,772,598
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
Svenska Handelsbanken AB
2.500%, 01/25/19............................. 16,661 $ 16,642,667
2.250%, 06/17/19............................. 8,942 8,883,896
2.400%, 10/01/20............................. 3,720 3,654,313
2.450%, 03/30/21............................. 1,930 1,885,856
0.250%, 02/28/22............................. EUR 13,000 15,663,505
2.625%, 08/23/22............................. EUR 3,000 3,964,016
Swedbank AB
0.300%, 09/06/22............................. EUR 12,020 14,425,716
Sweden Government Bond
3.500%, 06/01/22............................. SEK 1,085,000 142,702,842
Sysco Corp.
2.600%, 10/01/20............................. 16,190 16,005,536
TD Ameritrade Holding Corp.
5.600%, 12/01/19............................. 74 76,967
Telefonica Emisiones SAU
5.877%, 07/15/19............................. 1,000 1,034,309
5.134%, 04/27/20............................. 10,180 10,577,728
Temasek Financial I, Ltd.
0.500%, 03/01/22............................. EUR 2,700 3,302,730
Thomson Reuters Corp.
3.950%, 09/30/21............................. 6,115 6,145,588
Time Warner, Inc.
4.700%, 01/15/21............................. 7,900 8,176,992
Toronto-Dominion Bank (The)
2.125%, 07/02/19............................. 31,297 31,096,853
2.500%, 12/14/20............................. 20,000 19,687,394
2.125%, 04/07/21............................. 18,138 17,604,031
1.800%, 07/13/21............................. 18,605 17,803,677
1.994%, 03/23/22............................. CAD 15,000 11,365,629
Total Capital International SA
# 2.100%, 06/19/19............................. 27,483 27,322,017
# 2.750%, 06/19/21............................. 6,000 5,943,084
# 2.875%, 02/17/22............................. 7,000 6,920,885
Total Capital SA
4.125%, 01/28/21............................. 10,000 10,266,738
Total System Services, Inc.
2.375%, 06/01/18............................. 4,011 4,009,769
Toyota Credit Canada, Inc.
2.020%, 02/28/22............................. CAD 10,000 7,568,441
2.350%, 07/18/22............................. CAD 10,000 7,637,603
Toyota Motor Credit Corp.
2.100%, 01/17/19............................. 19,526 19,485,380
# 2.125%, 07/18/19............................. 11,845 11,768,109
4.500%, 06/17/20............................. 9,300 9,608,562
# 1.900%, 04/08/21............................. 40,243 39,036,110
2.750%, 05/17/21............................. 8,500 8,419,256
2.600%, 01/11/22............................. 5,988 5,860,962
3.300%, 01/12/22............................. 1,484 1,487,362
0.750%, 07/21/22............................. EUR 2,080 2,553,111
Tyson Foods, Inc.
2.650%, 08/15/19............................. 17,802 17,724,323
51
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
UBS AG
# 2.375%, 08/14/19............................. 2,178 $ 2,165,913
2.350%, 03/26/20............................. 6,079 5,992,496
UBS Group Funding Switzerland AG
1.750%, 11/16/22............................. EUR 8,052 10,162,263
Unedic Asseo
0.875%, 10/25/22............................. EUR 27,300 34,156,641
Union Pacific Corp.
2.250%, 02/15/19............................. 1,189 1,185,362
UnitedHealth Group, Inc.
4.700%, 02/15/21............................. 2,040 2,121,011
Unum Group
3.000%, 05/15/21............................. 1,000 985,081
US Bank NA
# 2.125%, 10/28/19............................. 3,432 3,398,095
USAA Capital Corp.
## 2.000%, 06/01/21............................. 5,000 4,830,364
Valero Energy Corp.
9.375%, 03/15/19............................. 5,009 5,286,679
Verizon Communications, Inc.
3.500%, 11/01/21............................. 750 755,995
3.125%, 03/16/22............................. 7,858 7,768,299
Viacom, Inc.
2.750%, 12/15/19............................. 3,297 3,266,182
Vodafone Group P.L.C.
5.450%, 06/10/19............................. 1,732 1,778,408
# 4.375%, 03/16/21............................. 4,525 4,655,848
# 2.500%, 09/26/22............................. 4,411 4,204,202
Volkswagen Group of America Finance LLC
## 2.125%, 05/23/19............................. 6,310 6,265,504
## 2.400%, 05/22/20............................. 5,911 5,813,229
Volkswagen International Finance NV
0.875%, 01/16/23............................. EUR 4,200 5,113,508
Walgreen Co.
3.100%, 09/15/22............................. 4,127 4,030,497
Walgreens Boots Alliance, Inc.
# 3.300%, 11/18/21............................. 4,000 3,983,760
Walt Disney Co. (The)
2.150%, 09/17/20............................. 6,482 6,370,769
WEC Energy Group, Inc.
2.450%, 06/15/20............................. 14,176 13,974,571
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
Wells Fargo & Co.
2.125%, 04/22/19............................. 4,083 $ 4,063,865
# 2.600%, 07/22/20............................. 8,000 7,916,058
1.500%, 09/12/22............................. EUR 2,700 3,376,150
Western Australian Treasury Corp.
2.750%, 10/20/22............................. AUD 27,000 20,405,613
Westpac Banking Corp.
# 4.875%, 11/19/19............................. 3,645 3,749,945
# 2.600%, 11/23/20............................. 29,052 28,657,585
2.100%, 05/13/21............................. 7,632 7,389,759
2.800%, 01/11/22............................. 15,512 15,229,960
2.500%, 06/28/22............................. 9,789 9,424,815
Wm Wrigley Jr Co.
## 2.900%, 10/21/19............................. 1,484 1,483,612
Wyndham Worldwide Corp.
# 4.250%, 03/01/22............................. 2,967 2,914,234
Xcel Energy, Inc.
2.400%, 03/15/21............................. 4,070 3,979,325
Xerox Corp.
4.070%, 03/17/22............................. 10,246 10,175,031
Xilinx, Inc.
2.125%, 03/15/19............................. 1,795 1,788,151
Zimmer Biomet Holdings, Inc.
2.700%, 04/01/20............................. 4,632 4,587,755
Zoetis, Inc.
3.450%, 11/13/20............................. 12,400 12,452,114
--------------
TOTAL BONDS........................................ 5,766,585,930
--------------
U.S. TREASURY OBLIGATIONS -- (0.4%)
U.S. Treasury Notes
1.250%, 10/31/21............................. 25,000 23,799,805
--------------
TOTAL INVESTMENT SECURITIES........................ 5,803,501,689
--------------
SHARES
- ------ -
SECURITIES LENDING COLLATERAL -- (2.8%)
(S)@ DFA Short Term Investment Fund................... 14,668,629 169,716,042
--------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $6,079,954,189)................................ $5,973,217,731
==============
52
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
CONTINUED
At April 30, 2018, DFA Short-Term Extended Quality Portfolio had entered into
the following forward currency contracts and the net unrealized forward
currency gain (loss) is reflected in the accompanying financial statements:
UNREALIZED
FOREIGN
EXCHANGE
SETTLEMENT APPRECIATION
CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION)
------------------ --------------- ---------------------------- ------------------ --------------
USD.. 79,064,744 SEK 647,175,880 JP Morgan 05/02/18 $ 5,157,956
USD.. 81,381,303 SEK 669,921,752 Citibank, N.A. 05/03/18 4,876,960
USD.. 74,492,771 SEK 646,074,312 Bank of America Corp. 06/27/18 394,299
USD.. 145,484,292 EUR 117,406,143 Bank of America Corp. 06/28/18 3,091,207
USD.. 74,963,528 SEK 625,746,808 Citibank, N.A. 07/03/18 3,159,519
USD.. 69,958,604 SEK 584,598,050 JP Morgan 07/05/18 2,865,911
USD.. 77,885,684 SEK 673,868,575 Citibank, N.A. 07/06/18 541,622
USD.. 134,667,491 EUR 108,045,830 State Street Bank and Trust 07/10/18 3,500,334
USD.. 97,682,592 EUR 78,814,674 State Street Bank and Trust 07/11/18 1,994,539
USD.. 74,429,364 EUR 60,000,000 State Street Bank and Trust 07/12/18 1,578,380
USD.. 77,446,148 EUR 62,430,672 State Street Bank and Trust 07/13/18 1,638,028
USD.. 2,848,921 GBP 1,982,266 State Street Bank and Trust 07/16/18 109,892
USD.. 97,349,436 CAD 122,106,177 State Street Bank and Trust 07/17/18 2,077,413
USD.. 92,212,994 AUD 119,831,103 JP Morgan 07/20/18 1,967,660
USD.. 144,518,558 EUR 117,811,388 State Street Bank and Trust 07/25/18 1,330,198
-----------
TOTAL APPRECIATION $34,283,918
SEK.. 647,175,880 USD 74,312,695 Bank of America Corp. 05/02/18 $ (405,906)
SEK.. 669,921,752 USD 77,040,755 Citibank N.A. 05/03/18 (536,412)
-----------
TOTAL (DEPRECIATION) $ (942,318)
-----------
TOTAL APPRECIATION
(DEPRECIATION) $33,341,600
===========
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
---------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- -------------- ------- --------------
Agency Obligations............ -- $ 13,115,954 -- $ 13,115,954
Bonds......................... -- 5,766,585,930 -- 5,766,585,930
U.S. Treasury Obligations..... -- 23,799,805 -- 23,799,805
Securities Lending Collateral. -- 169,716,042 -- 169,716,042
Forward Currency Contracts**.. -- 33,341,600 -- 33,341,600
-- -------------- -- --------------
TOTAL......................... -- $6,006,559,331 -- $6,006,559,331
== ============== == ==============
**Valued at the unrealized appreciation/(depreciation) on the investment.
See accompanying Notes to Financial Statements.
53
DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
------ ------
(000)
AGENCY OBLIGATIONS -- (3.5%)
Federal Farm Credit Bank
2.630%, 08/03/26............................. $ 3,173 $ 3,050,364
5.770%, 01/05/27............................. 1,058 1,263,458
Federal Home Loan Mortgage Corp.
6.750%, 09/15/29............................. 8,814 11,683,697
6.750%, 03/15/31............................. 1,000 1,355,157
6.250%, 07/15/32............................. 4,000 5,305,876
Federal National Mortgage Association
6.250%, 05/15/29............................. 17,628 22,436,971
7.125%, 01/15/30............................. 3,526 4,825,038
6.625%, 11/15/30............................. 7,000 9,353,827
Tennessee Valley Authority
7.125%, 05/01/30............................. 7,608 10,441,052
-----------
TOTAL AGENCY OBLIGATIONS........................... 69,715,440
-----------
BONDS -- (86.8%)
21st Century Fox America, Inc.
3.700%, 09/15/24............................. 2,468 2,458,890
3M Co.
# 2.875%, 10/15/27............................. 27,127 25,647,909
Abbott Laboratories
# 2.950%, 03/15/25............................. 6,870 6,515,841
AbbVie, Inc.
3.600%, 05/14/25............................. 9,500 9,216,773
Activision Blizzard, Inc.
3.400%, 06/15/27............................. 600 568,299
Adobe Systems, Inc.
3.250%, 02/01/25............................. 1,058 1,040,324
Advance Auto Parts, Inc.
4.500%, 12/01/23............................. 1,500 1,535,408
Aetna, Inc.
# 3.500%, 11/15/24............................. 4,942 4,819,865
Affiliated Managers Group, Inc.
3.500%, 08/01/25............................. 1,410 1,362,794
Aflac, Inc.
# 3.625%, 11/15/24............................. 1,099 1,096,654
3.250%, 03/17/25............................. 6,064 5,892,393
Ahold Finance USA LLC
6.875%, 05/01/29............................. 388 459,833
Airbus SE
## # 3.150%, 04/10/27............................. 1,000 959,207
Alabama Power Co.
2.800%, 04/01/25............................. 1,410 1,325,478
Albemarle Corp.
4.150%, 12/01/24............................. 3,335 3,387,153
Alimentation Couche-Tard, Inc.
## 3.550%, 07/26/27............................. 1,185 1,120,435
Allergan Funding SCS
# 3.800%, 03/15/25............................. 9,592 9,194,346
FACE
AMOUNT VALUE+
------ ------
(000)
Alphabet, Inc.
1.998%, 08/15/26............................. $ 4,000 $ 3,571,945
American Express Credit Corp.
# 3.300%, 05/03/27............................. 8,500 8,124,640
American Honda Finance Corp.
2.300%, 09/09/26............................. 1,500 1,369,037
American International Group, Inc.
3.750%, 07/10/25............................. 2,000 1,957,521
3.900%, 04/01/26............................. 5,000 4,880,122
American Water Capital Corp.
3.850%, 03/01/24............................. 1,166 1,180,902
Ameriprise Financial, Inc.
# 3.700%, 10/15/24............................. 7,090 7,096,267
2.875%, 09/15/26............................. 1,000 931,470
AmerisourceBergen Corp.
3.400%, 05/15/24............................. 673 655,180
3.450%, 12/15/27............................. 4,000 3,733,140
Amgen, Inc.
# 3.125%, 05/01/25............................. 2,763 2,639,091
2.600%, 08/19/26............................. 3,000 2,702,246
Analog Devices, Inc.
3.900%, 12/15/25............................. 4,502 4,475,229
Andeavor
5.125%, 12/15/26............................. 350 369,104
Anglo American Capital P.L.C.
## 4.750%, 04/10/27............................. 5,000 4,992,700
## 4.000%, 09/11/27............................. 4,600 4,334,915
Anheuser-Busch InBev Finance, Inc.
# 3.650%, 02/01/26............................. 8,000 7,810,531
Anthem, Inc.
3.500%, 08/15/24............................. 3,491 3,392,617
3.650%, 12/01/27............................. 555 527,743
4.101%, 03/01/28............................. 5,000 4,893,810
ANZ New Zealand International Ltd.
## 3.450%, 07/17/27............................. 15,000 14,402,859
Aon P.L.C.
3.500%, 06/14/24............................. 3,750 3,674,135
AP Moller - Maersk A.S.
## 3.750%, 09/22/24............................. 1,000 965,653
## 3.875%, 09/28/25............................. 1,914 1,844,419
Apple, Inc.
3.250%, 02/23/26............................. 1,000 973,431
3.350%, 02/09/27............................. 13,200 12,909,474
3.200%, 05/11/27............................. 13,405 12,926,104
# 3.000%, 06/20/27............................. 6,800 6,459,828
# 2.900%, 09/12/27............................. 551 517,899
3.000%, 11/13/27............................. 11,000 10,391,267
Applied Materials, Inc.
3.300%, 04/01/27............................. 1,111 1,075,153
Archer-Daniels-Midland Co.
2.500%, 08/11/26............................. 5,613 5,098,941
Arizona Public Service Co.
3.150%, 05/15/25............................. 3,349 3,241,996
54
DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
Arrow Electronics, Inc.
3.875%, 01/12/28............................. $ 5,330 $ 5,012,486
Assurant, Inc.
4.000%, 03/15/23............................. 3,526 3,515,812
AstraZeneca P.L.C.
3.375%, 11/16/25............................. 8,300 8,060,875
AT&T, Inc.
3.950%, 01/15/25............................. 1,087 1,076,183
3.400%, 05/15/25............................. 8,182 7,774,843
Australia & New Zealand Banking Group, Ltd.
3.700%, 11/16/25............................. 5,000 4,986,965
Autodesk, Inc.
4.375%, 06/15/25............................. 6,017 6,099,764
# 3.500%, 06/15/27............................. 5,375 5,060,301
Automatic Data Processing, Inc.
3.375%, 09/15/25............................. 2,000 1,984,131
AutoZone, Inc.
3.250%, 04/15/25............................. 3,133 3,001,997
Avnet, Inc.
4.625%, 04/15/26............................. 5,850 5,768,939
AXIS Specialty Finance P.L.C.
4.000%, 12/06/27............................. 1,000 946,880
Banco Santander SA
# 3.800%, 02/23/28............................. 5,800 5,484,401
Bank of America Corp. Floating Rate Note
(r)## 3.419%, 12/20/28............................. 2,918 2,736,752
Bank of New York Mellon Corp. (The)
# 3.000%, 02/24/25............................. 1,410 1,348,673
Barclays P.L.C.
3.650%, 03/16/25............................. 6,080 5,798,563
4.375%, 01/12/26............................. 2,700 2,665,942
BAT International Finance P.L.C.
3.950%, 06/15/25............................. 1,500 1,477,927
Baxter International, Inc.
2.600%, 08/15/26............................. 5,578 5,020,986
Bayer U.S. Finance LLC
## # 3.375%, 10/08/24............................. 8,831 8,579,529
Beam Suntory, Inc.
3.250%, 06/15/23............................. 2,195 2,124,830
Bed Bath & Beyond, Inc.
# 3.749%, 08/01/24............................. 610 520,883
Berkshire Hathaway, Inc.
# 3.125%, 03/15/26............................. 30,552 29,406,547
Biogen, Inc.
4.050%, 09/15/25............................. 8,000 8,012,261
BlackRock, Inc.
3.200%, 03/15/27............................. 17,645 16,943,450
BMW U.S. Capital LLC
## 2.800%, 04/11/26............................. 5,500 5,128,686
## # 3.300%, 04/06/27............................. 4,000 3,847,913
BNP Paribas SA
## # 3.500%, 11/16/27............................. 8,631 8,122,418
Boeing Co. (The)
2.500%, 03/01/25............................. 3,526 3,299,850
FACE
AMOUNT VALUE+
------ ------
(000)
Boston Scientific Corp.
4.125%, 10/01/23............................. $ 811 $ 824,147
BP Capital Markets P.L.C.
3.535%, 11/04/24............................. 1,234 1,229,904
3.017%, 01/16/27............................. 7,000 6,601,064
BPCE SA
4.000%, 04/15/24............................. 3,000 3,005,394
British Columbia, Province of Canada
6.500%, 01/15/26............................. 4,363 5,262,581
Brown & Brown, Inc.
4.200%, 09/15/24............................. 5,261 5,309,176
Buckeye Partners L.P.
# 4.150%, 07/01/23............................. 1,058 1,055,246
# 3.950%, 12/01/26............................. 2,275 2,140,026
Bunge, Ltd. Finance Corp.
3.750%, 09/25/27............................. 5,000 4,733,050
Burlington Northern Santa Fe LLC
3.000%, 04/01/25............................. 2,357 2,276,859
7.000%, 12/15/25............................. 472 572,133
CA, Inc.
4.700%, 03/15/27............................. 7,900 7,944,824
Campbell Soup Co.
3.300%, 03/19/25............................. 4,229 4,041,458
4.150%, 03/15/28............................. 5,571 5,398,184
Canadian Natural Resources, Ltd.
7.200%, 01/15/32............................. 2,950 3,671,638
Canadian Pacific Railway Co.
2.900%, 02/01/25............................. 1,666 1,572,932
3.700%, 02/01/26............................. 2,115 2,070,726
Capital One Financial Corp.
3.750%, 04/24/24............................. 1,939 1,904,111
3.750%, 03/09/27............................. 2,000 1,896,483
Cardinal Health, Inc.
# 3.410%, 06/15/27............................. 9,000 8,357,783
CBS Corp.
3.500%, 01/15/25............................. 1,058 1,016,772
# 4.000%, 01/15/26............................. 1,000 979,132
2.900%, 01/15/27............................. 6,600 5,899,872
Celgene Corp.
3.625%, 05/15/24............................. 1,763 1,723,265
CenterPoint Energy Resources Corp.
4.000%, 04/01/28............................. 3,000 2,969,004
Charles Schwab Corp. (The)
3.000%, 03/10/25............................. 4,689 4,500,015
Chevron Corp.
2.954%, 05/16/26............................. 25,893 24,735,436
Cigna Corp.
3.250%, 04/15/25............................. 5,750 5,426,978
Cincinnati Financial Corp.
6.920%, 05/15/28............................. 900 1,107,098
Cisco Systems, Inc.
# 2.500%, 09/20/26............................. 3,000 2,774,388
Citigroup, Inc.
3.750%, 06/16/24............................. 1,410 1,400,941
3.300%, 04/27/25............................. 6,231 5,967,102
55
DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
Clorox Co. (The)
3.500%, 12/15/24............................. $ 1,763 $ 1,758,294
CME Group, Inc.
3.000%, 03/15/25............................. 471 454,207
CMS Energy Corp.
3.600%, 11/15/25............................. 2,800 2,735,068
CNA Financial Corp.
4.500%, 03/01/26............................. 6,830 6,995,344
Coca-Cola Co. (The)
# 2.250%, 09/01/26............................. 3,500 3,167,310
# 2.900%, 05/25/27............................. 8,000 7,591,959
Comcast Corp.
3.375%, 08/15/25............................. 1,234 1,198,083
# 3.150%, 03/01/26............................. 4,000 3,805,235
7.050%, 03/15/33............................. 2,000 2,580,988
Commonwealth Bank of Australia
## 2.850%, 05/18/26............................. 18,373 17,015,180
ConocoPhillips Co.
# 4.950%, 03/15/26............................. 5,000 5,384,169
Consolidated Edison Co. of New York, Inc.
3.300%, 12/01/24............................. 705 691,478
Cox Communications, Inc.
## # 3.850%, 02/01/25............................. 5,741 5,676,488
Credit Agricole SA
# 3.875%, 04/15/24............................. 5,678 5,717,056
Credit Suisse AG
3.625%, 09/09/24............................. 6,299 6,240,420
CSX Corp.
3.400%, 08/01/24............................. 3,000 2,951,354
CVS Health Corp.
# 3.375%, 08/12/24............................. 5,243 5,061,321
3.875%, 07/20/25............................. 3,210 3,156,288
Daimler Finance North America LLC
## 3.250%, 08/01/24............................. 1,128 1,094,080
8.500%, 01/18/31............................. 7,188 10,245,145
Deere & Co.
# 5.375%, 10/16/29............................. 650 740,150
Deutsche Bank AG
3.700%, 05/30/24............................. 5,781 5,508,912
4.100%, 01/13/26............................. 3,000 2,884,692
Discovery Communications LLC
3.250%, 04/01/23............................. 353 341,656
## 3.900%, 11/15/24............................. 5,961 5,826,756
3.450%, 03/15/25............................. 4,263 4,069,554
# 4.900%, 03/11/26............................. 4,000 4,100,148
Dominion Energy Gas Holdings LLC
3.600%, 12/15/24............................. 1,763 1,732,842
Dominion Energy, Inc.
3.625%, 12/01/24............................. 705 693,316
3.900%, 10/01/25............................. 4,000 3,953,389
Dover Corp.
3.150%, 11/15/25............................. 2,100 2,022,831
Dow Chemical Co. (The)
3.500%, 10/01/24............................. 4,106 4,012,958
FACE
AMOUNT VALUE+
------ ------
(000)
Dr Pepper Snapple Group, Inc.
3.400%, 11/15/25............................. $ 1,660 $ 1,564,693
DTE Energy Co.
2.850%, 10/01/26............................. 945 858,071
Duke Energy Corp.
3.750%, 04/15/24............................. 1,000 996,675
DXC Technology Co.
4.450%, 09/18/22............................. 1,763 1,795,939
4.750%, 04/15/27............................. 8,000 8,202,406
Eastman Chemical Co.
3.800%, 03/15/25............................. 3,023 3,024,711
eBay, Inc.
3.600%, 06/05/27............................. 2,000 1,894,797
Ecolab, Inc.
2.700%, 11/01/26............................. 2,000 1,844,392
Electricite de France SA
3.625%, 10/13/25............................. 2,000 1,971,294
## 3.625%, 10/13/25............................. 5,797 5,713,794
Electronic Arts, Inc.
4.800%, 03/01/26............................. 2,200 2,314,118
Enbridge, Inc.
# 4.000%, 10/01/23............................. 2,068 2,068,306
# 3.500%, 06/10/24............................. 705 681,360
# 3.700%, 07/15/27............................. 3,000 2,825,160
Enel Finance International NV
## 3.500%, 04/06/28............................. 5,000 4,626,423
Energy Transfer Partners L.P.
4.750%, 01/15/26............................. 4,000 3,991,446
# 4.200%, 04/15/27............................. 2,000 1,906,592
Enterprise Products Operating LLC
3.750%, 02/15/25............................. 2,000 1,983,055
3.700%, 02/15/26............................. 6,000 5,867,726
EOG Resources, Inc.
3.150%, 04/01/25............................. 6,478 6,217,068
EQT Corp.
3.900%, 10/01/27............................. 4,400 4,185,912
ERAC USA Finance LLC
## 3.850%, 11/15/24............................. 2,058 2,051,296
Exelon Corp.
3.950%, 06/15/25............................. 795 788,512
3.400%, 04/15/26............................. 5,400 5,159,807
Express Scripts Holding Co.
3.500%, 06/15/24............................. 4,596 4,401,454
3.400%, 03/01/27............................. 3,500 3,220,645
Exxon Mobil Corp.
# 3.043%, 03/01/26............................. 20,686 20,001,587
FedEx Corp.
3.200%, 02/01/25............................. 2,062 1,988,552
Fidelity National Information Services, Inc.
5.000%, 10/15/25............................. 278 293,277
Fifth Third Bancorp
3.950%, 03/14/28............................. 2,943 2,912,071
FMR LLC
## 4.950%, 02/01/33............................. 1,000 1,093,658
Ford Motor Credit Co. LLC
4.375%, 08/06/23............................. 4,583 4,615,430
56
DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
3.664%, 09/08/24............................. $ 3,950 $ 3,786,644
GATX Corp.
3.250%, 03/30/25............................. 2,820 2,652,601
3.250%, 09/15/26............................. 2,200 2,034,035
General Dynamics Corp.
2.125%, 08/15/26............................. 6,500 5,780,312
General Electric Co.
6.750%, 03/15/32............................. 21,373 26,207,404
General Mills, Inc.
# 4.200%, 04/17/28............................. 3,000 2,953,322
General Motors Financial Co., Inc.
5.250%, 03/01/26............................. 7,000 7,277,179
# 4.350%, 01/17/27............................. 3,000 2,919,654
Georgia Power Co.
3.250%, 04/01/26............................. 3,000 2,867,842
Georgia-Pacific LLC
# 7.750%, 11/15/29............................. 4,960 6,637,929
Gilead Sciences, Inc.
3.650%, 03/01/26............................. 2,000 1,976,098
Goldman Sachs Group, Inc. (The)
4.000%, 03/03/24............................. 6,346 6,367,073
3.750%, 05/22/25............................. 2,000 1,953,450
3.750%, 02/25/26............................. 1,100 1,064,907
Halliburton Co.
# 3.800%, 11/15/25............................. 4,124 4,092,045
Harley-Davidson, Inc.
# 3.500%, 07/28/25............................. 5,980 5,809,222
Hasbro, Inc.
3.500%, 09/15/27............................. 2,820 2,595,590
Hewlett Packard Enterprise Co.
# 4.900%, 10/15/25............................. 8,542 8,776,163
Home Depot, Inc. (The)
3.350%, 09/15/25............................. 1,403 1,382,824
Honeywell International, Inc.
2.500%, 11/01/26............................. 1,000 914,701
HSBC Holdings P.L.C.
# 4.300%, 03/08/26............................. 4,000 4,055,780
HSBC USA, Inc.
3.500%, 06/23/24............................. 5,760 5,667,377
Humana, Inc.
3.850%, 10/01/24............................. 4,074 4,073,071
ING Groep NV
# 3.950%, 03/29/27............................. 6,550 6,434,934
Ingersoll-Rand Luxembourg Finance SA
3.550%, 11/01/24............................. 4,280 4,224,375
Inter-American Development Bank
6.750%, 07/15/27............................. 1,058 1,314,802
Intercontinental Exchange, Inc.
# 3.750%, 12/01/25............................. 5,750 5,757,935
International Business Machines Corp.
# 3.300%, 01/27/27............................. 3,191 3,098,214
International Paper Co.
3.650%, 06/15/24............................. 1,058 1,040,809
3.800%, 01/15/26............................. 578 562,897
FACE
AMOUNT VALUE+
------ ------
(000)
Interpublic Group of Cos., Inc. (The)
4.200%, 04/15/24............................. $ 2,151 $ 2,163,114
Intesa Sanpaolo SpA
# 5.250%, 01/12/24............................. 3,526 3,680,181
## 3.875%, 07/14/27............................. 7,500 7,037,759
ITC Holdings Corp.
3.650%, 06/15/24............................. 4,288 4,227,916
Janus Capital Group, Inc.
4.875%, 08/01/25............................. 2,000 2,071,085
Jefferies Group LLC / Jefferies Group Capital
Finance, Inc.
4.850%, 01/15/27............................. 3,000 2,991,657
JM Smucker Co. (The)
# 3.500%, 03/15/25............................. 5,000 4,855,005
Johnson & Johnson
2.450%, 03/01/26............................. 14,500 13,460,907
2.900%, 01/15/28............................. 3,000 2,838,460
6.950%, 09/01/29............................. 1,000 1,304,875
Johnson Controls International P.L.C.
3.625%, 07/02/24............................. 541 535,079
JPMorgan Chase & Co.
3.900%, 07/15/25............................. 4,820 4,789,889
Juniper Networks, Inc.
4.500%, 03/15/24............................. 2,327 2,364,528
Kellogg Co.
3.250%, 04/01/26............................. 6,741 6,353,053
7.450%, 04/01/31............................. 300 380,858
KeyBank NA
# 3.300%, 06/01/25............................. 2,000 1,938,565
Kohl's Corp.
4.750%, 12/15/23............................. 781 804,399
Koninklijke KPN NV
8.375%, 10/01/30............................. 4,000 5,350,467
Kraft Heinz Foods Co.
# 3.950%, 07/15/25............................. 8,000 7,868,340
Kroger Co. (The)
# 7.500%, 04/01/31............................. 7,725 9,635,937
L3 Technologies, Inc.
3.950%, 05/28/24............................. 1,361 1,355,550
Laboratory Corp. of America Holdings
3.600%, 09/01/27............................. 3,100 2,958,412
Legg Mason, Inc.
3.950%, 07/15/24............................. 2,609 2,577,066
4.750%, 03/15/26............................. 3,205 3,300,308
Lincoln National Corp.
3.350%, 03/09/25............................. 8,425 8,124,614
Lloyds Banking Group P.L.C.
3.750%, 01/11/27............................. 5,000 4,778,177
# 4.375%, 03/22/28............................. 4,000 3,975,710
Lockheed Martin Corp.
2.900%, 03/01/25............................. 2,468 2,341,814
Loews Corp.
# 3.750%, 04/01/26............................. 5,500 5,456,166
57
DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
Lowe's Cos., Inc.
# 3.375%, 09/15/25............................. $ 3,551 $ 3,489,360
LYB International Finance II BV
# 3.500%, 03/02/27............................. 2,000 1,888,706
Macquarie Bank, Ltd.
## # 3.900%, 01/15/26............................. 5,000 4,954,992
Manufacturers & Traders Trust Co.
2.900%, 02/06/25............................. 6,527 6,239,667
Marathon Petroleum Corp.
3.625%, 09/15/24............................. 4,513 4,431,867
Marriott International, Inc.
4.000%, 04/15/28............................. 2,000 1,954,304
Marsh & McLennan Cos., Inc.
3.500%, 06/03/24............................. 1,000 984,634
3.500%, 03/10/25............................. 1,500 1,468,468
Maxim Integrated Products, Inc.
3.450%, 06/15/27............................. 2,950 2,826,847
McDonald's Corp.
# 3.700%, 01/30/26............................. 9,000 8,974,304
McKesson Corp.
3.796%, 03/15/24............................. 201 199,513
Mead Johnson Nutrition Co.
# 4.125%, 11/15/25............................. 4,200 4,265,940
Medtronic, Inc.
3.500%, 03/15/25............................. 1,000 989,072
Merck Sharp & Dohme Corp.
6.400%, 03/01/28............................. 6,591 7,997,579
Microsoft Corp.
2.700%, 02/12/25............................. 1,058 1,012,424
2.400%, 08/08/26............................. 10,000 9,182,384
3.300%, 02/06/27............................. 22,100 21,621,217
Mitsubishi UFJ Financial Group, Inc.
# 3.850%, 03/01/26............................. 4,000 3,977,111
# 3.677%, 02/22/27............................. 2,000 1,962,593
Molson Coors Brewing Co.
3.000%, 07/15/26............................. 2,000 1,830,913
Monsanto Co.
# 3.375%, 07/15/24............................. 897 870,027
5.500%, 08/15/25............................. 3,984 4,308,059
Morgan Stanley
3.875%, 01/27/26............................. 3,000 2,953,947
3.625%, 01/20/27............................. 6,000 5,780,634
Mosaic Co. (The)
# 4.250%, 11/15/23............................. 1,939 1,942,211
# 4.050%, 11/15/27............................. 4,000 3,776,793
Motorola Solutions, Inc.
# 3.500%, 03/01/23............................. 1,763 1,724,869
MPLX L.P.
4.125%, 03/01/27............................. 5,000 4,873,508
MUFG Bank, Ltd.
3.250%, 09/08/24............................. 1,763 1,714,864
Mylan NV
3.950%, 06/15/26............................. 7,000 6,644,082
Mylan, Inc.
4.200%, 11/29/23............................. 2,468 2,470,542
FACE
AMOUNT VALUE+
------ ------
(000)
Nasdaq, Inc.
4.250%, 06/01/24............................. $ 1,551 $ 1,563,609
National Australia Bank, Ltd.
## 3.500%, 01/10/27............................. 14,790 14,346,493
National Oilwell Varco, Inc.
2.600%, 12/01/22............................. 6,068 5,781,200
Nationwide Building Society
## 3.900%, 07/21/25............................. 7,000 7,000,861
NextEra Energy Capital Holdings, Inc.
3.550%, 05/01/27............................. 2,000 1,919,444
NIKE, Inc.
2.375%, 11/01/26............................. 13,135 11,988,111
Noble Energy, Inc.
3.900%, 11/15/24............................. 1,426 1,415,725
# 3.850%, 01/15/28............................. 2,000 1,925,910
Nordstrom, Inc.
# 4.000%, 03/15/27............................. 4,412 4,230,770
# 6.950%, 03/15/28............................. 282 314,366
Norfolk Southern Corp.
5.640%, 05/17/29............................. 2,048 2,287,217
Novartis Capital Corp.
3.100%, 05/17/27............................. 24,278 23,243,764
Nutrien, Ltd.
3.000%, 04/01/25............................. 1,500 1,400,468
Nuveen Finance LLC
## 4.125%, 11/01/24............................. 5,360 5,374,465
O'Reilly Automotive, Inc.
3.600%, 09/01/27............................. 3,900 3,700,065
Occidental Petroleum Corp.
3.400%, 04/15/26............................. 5,280 5,160,248
Omnicom Group, Inc. / Omnicom Capital, Inc.
3.650%, 11/01/24............................. 705 690,952
ONEOK, Inc.
4.000%, 07/13/27............................. 3,915 3,800,486
Oracle Corp.
2.650%, 07/15/26............................. 3,000 2,775,276
# 3.250%, 11/15/27............................. 22,400 21,495,081
# 3.250%, 05/15/30............................. 7,966 7,509,086
Pacific Gas & Electric Co.
3.500%, 06/15/25............................. 2,362 2,273,092
Parker-Hannifin Corp.
3.300%, 11/21/24............................. 3,356 3,319,692
Penske Truck Leasing Co. L.P. / PTL Finance Corp.
## 3.400%, 11/15/26............................. 4,000 3,749,704
PepsiCo, Inc.
3.500%, 07/17/25............................. 4,721 4,703,659
Pernod Ricard SA
## # 3.250%, 06/08/26............................. 3,000 2,870,987
Perrigo Finance Unlimited Co.
3.900%, 12/15/24............................. 6,115 5,996,781
# 4.375%, 03/15/26............................. 3,000 2,980,166
Pfizer, Inc.
# 2.750%, 06/03/26............................. 13,770 12,924,680
3.000%, 12/15/26............................. 11,817 11,305,986
58
DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
Philip Morris International, Inc.
3.250%, 11/10/24............................. $ 2,179 $ 2,114,721
Phillips 66 Partners L.P.
3.550%, 10/01/26............................. 4,550 4,290,560
PNC Bank NA
3.300%, 10/30/24............................. 1,763 1,722,978
2.950%, 02/23/25............................. 4,407 4,193,084
Precision Castparts Corp.
# 3.250%, 06/15/25............................. 1,000 977,317
Principal Financial Group, Inc.
3.400%, 05/15/25............................. 1,177 1,142,502
3.100%, 11/15/26............................. 300 281,052
Procter & Gamble Co. (The)
# 2.850%, 08/11/27............................. 15,000 14,141,295
Province of Quebec Canada
7.500%, 09/15/29............................. 2,000 2,727,396
PSEG Power LLC
4.300%, 11/15/23............................. 2,122 2,157,551
QUALCOMM, Inc.
# 3.450%, 05/20/25............................. 7,026 6,723,549
Quest Diagnostics, Inc.
# 3.500%, 03/30/25............................. 582 566,367
Reinsurance Group of America, Inc.
4.700%, 09/15/23............................. 2,115 2,176,011
3.950%, 09/15/26............................. 4,358 4,277,470
Rio Tinto Finance USA, Ltd.
7.125%, 07/15/28............................. 865 1,094,823
Roche Holdings, Inc.
## 2.625%, 05/15/26............................. 13,132 12,214,271
## # 2.375%, 01/28/27............................. 7,900 7,156,852
Rockwell Automation, Inc.
2.875%, 03/01/25............................. 705 671,267
Rolls-Royce P.L.C.
## 3.625%, 10/14/25............................. 4,000 3,953,078
Royal Bank of Scotland Group P.L.C.
# 4.800%, 04/05/26............................. 1,000 1,018,965
Royal Caribbean Cruises, Ltd.
7.500%, 10/15/27............................. 2,560 3,125,193
3.700%, 03/15/28............................. 296 278,898
Santander Holdings USA, Inc.
4.500%, 07/17/25............................. 9,000 9,059,982
# 4.400%, 07/13/27............................. 2,000 1,957,264
Sempra Energy
3.550%, 06/15/24............................. 3,596 3,538,271
3.750%, 11/15/25............................. 1,000 983,870
Shell International Finance BV
# 2.500%, 09/12/26............................. 15,600 14,432,653
Shell International Finance BV
# 2.875%, 05/10/26............................. 19,051 18,102,465
Sherwin-Williams Co. (The)
3.450%, 08/01/25............................. 5,503 5,334,035
3.950%, 01/15/26............................. 2,200 2,199,921
Siemens Financieringsmaatschappij NV
## 6.125%, 08/17/26............................. 2,080 2,422,767
FACE
AMOUNT VALUE+
------ ------
(000)
Solvay Finance America LLC
## 4.450%, 12/03/25............................. $ 3,000 $ 3,069,796
Southern California Edison Co.
6.650%, 04/01/29............................. 525 633,843
Southern Power Co.
4.150%, 12/01/25............................. 2,000 2,021,206
Southwest Airlines Co.
3.000%, 11/15/26............................. 2,000 1,875,600
Spectra Energy Partners L.P.
4.750%, 03/15/24............................. 2,563 2,628,148
StanCorp Financial Group, Inc.
5.000%, 08/15/22............................. 1,763 1,844,905
Standard Chartered P.L.C.
## 4.050%, 04/12/26............................. 1,962 1,913,478
State Street Corp.
3.300%, 12/16/24............................. 7,551 7,425,236
Statoil ASA
## # 6.500%, 12/01/28............................. 5,000 6,069,628
Stryker Corp.
3.375%, 05/15/24............................. 282 278,092
3.375%, 11/01/25............................. 6,000 5,865,504
Sumitomo Mitsui Financial Group, Inc.
3.784%, 03/09/26............................. 4,000 3,958,653
# 3.544%, 01/17/28............................. 6,000 5,808,497
Suncor Energy, Inc.
3.600%, 12/01/24............................. 4,007 3,949,921
Sysco Corp.
3.750%, 10/01/25............................. 700 695,742
3.300%, 07/15/26............................. 12,345 11,787,853
Tapestry, Inc.
# 4.250%, 04/01/25............................. 8,534 8,383,370
Target Corp.
# 2.500%, 04/15/26............................. 9,730 8,876,535
TD Ameritrade Holding Corp.
3.625%, 04/01/25............................. 3,526 3,510,380
TechnipFMC P.L.C.
## 3.450%, 10/01/22............................. 1,741 1,690,849
Telefonica Europe BV
8.250%, 09/15/30............................. 7,275 9,712,179
Thomson Reuters Corp.
4.300%, 11/23/23............................. 2,820 2,855,193
3.850%, 09/29/24............................. 365 357,781
Time Warner, Inc.
3.550%, 06/01/24............................. 2,468 2,411,216
3.600%, 07/15/25............................. 3,500 3,380,362
3.800%, 02/15/27............................. 2,000 1,933,276
TJX Cos., Inc. (The)
2.250%, 09/15/26............................. 1,975 1,759,260
Total System Services, Inc.
4.800%, 04/01/26............................. 5,970 6,202,916
Toyota Motor Credit Corp.
3.200%, 01/11/27............................. 20,213 19,515,517
3.050%, 01/11/28............................. 14,430 13,691,991
Travelers Property Casualty Corp.
6.375%, 03/15/33............................. 375 465,455
59
DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
UBS Group Funding Switzerland AG
## 4.125%, 09/24/25............................. $9,500 $ 9,444,137
UniCredit SpA
## 4.625%, 04/12/27............................. 1,000 999,063
Union Pacific Corp.
3.250%, 01/15/25............................. 8,761 8,586,761
United Technologies Corp.
7.500%, 09/15/29............................. 5,114 6,551,888
UnitedHealth Group, Inc.
# 3.750%, 07/15/25............................. 5,333 5,327,298
Unum Group
4.000%, 03/15/24............................. 705 706,902
3.875%, 11/05/25............................. 9,000 8,728,714
Valero Energy Corp.
7.500%, 04/15/32............................. 1,500 1,935,227
Verizon Communications, Inc.
# 3.500%, 11/01/24............................. 3,500 3,436,988
# 3.376%, 02/15/25............................. 4,916 4,772,220
# 4.125%, 03/16/27............................. 3,200 3,192,837
Viacom, Inc.
4.250%, 09/01/23............................. 353 354,843
# 3.875%, 04/01/24............................. 3,711 3,632,927
Visa, Inc.
3.150%, 12/14/25............................. 2,250 2,191,957
Vodafone Group P.L.C.
7.875%, 02/15/30............................. 8,125 10,358,676
Walgreens Boots Alliance, Inc.
3.450%, 06/01/26............................. 9,000 8,434,371
Walt Disney Co. (The)
# 3.150%, 09/17/25............................. 3,526 3,456,740
WEC Energy Group, Inc.
3.550%, 06/15/25............................. 6,200 6,085,004
Wells Fargo & Co.
3.000%, 02/19/25............................. 3,526 3,309,833
3.000%, 04/22/26............................. 5,000 4,613,000
Westpac Banking Corp.
2.850%, 05/13/26............................. 1,500 1,389,641
FACE
AMOUNT VALUE+
------ ------
(000)
2.700%, 08/19/26............................. $ 10,595 $ 9,692,257
3.350%, 03/08/27............................. 7,000 6,694,262
WestRock MWV LLC
8.200%, 01/15/30............................. 4,885 6,542,351
7.950%, 02/15/31............................. 3,112 4,128,952
Whirlpool Corp.
3.700%, 05/01/25............................. 2,468 2,430,621
Williams Partners L.P.
4.000%, 09/15/25............................. 3,000 2,913,468
3.750%, 06/15/27............................. 2,771 2,604,000
Wisconsin Electric Power Co.
3.100%, 06/01/25............................. 1,763 1,704,031
Wyndham Worldwide Corp.
# 3.900%, 03/01/23............................. 3,904 3,698,402
Xerox Corp.
# 3.800%, 05/15/24............................. 2,276 2,204,936
Zimmer Biomet Holdings, Inc.
3.550%, 04/01/25............................. 3,000 2,887,234
Zoetis, Inc.
3.000%, 09/12/27............................. 1,500 1,386,472
--------------
TOTAL BONDS........................................ 1,736,528,056
--------------
U.S. TREASURY OBLIGATIONS -- (1.0%)
U.S. Treasury Bonds
5.375%, 02/15/31............................. 15,200 19,071,844
--------------
TOTAL INVESTMENT SECURITIES........................ 1,825,315,340
--------------
SHARES
------ -
SECURITIES LENDING COLLATERAL -- (8.7%)
(S)@ DFA Short Term Investment Fund............... 15,060,577 174,250,875
--------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $2,078,088,527)............................ $1,999,566,215
==============
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
---------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- -------------- ------- --------------
Agency Obligations............ -- $ 69,715,440 -- $ 69,715,440
Bonds......................... -- 1,736,528,056 -- 1,736,528,056
U.S. Treasury Obligations..... -- 19,071,844 -- 19,071,844
Securities Lending Collateral. -- 174,250,875 -- 174,250,875
-- -------------- -- --------------
TOTAL......................... -- $1,999,566,215 -- $1,999,566,215
== ============== == ==============
See accompanying Notes to Financial Statements.
60
DFA TARGETED CREDIT PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT^ VALUE+
------- ------
(000)
BONDS -- (92.6%)
AUSTRALIA -- (2.9%)
Australia & New Zealand Banking Group, Ltd.
2.625%, 05/19/22............................. 1,000 $ 969,868
BHP Billiton Finance USA, Ltd.
2.875%, 02/24/22............................. 929 917,850
BHP Billiton Finance, Ltd.
0.750%, 10/28/22............................. EUR 2,554 3,127,651
Commonwealth Bank of Australia
## 2.750%, 03/10/22............................. 991 966,423
FMG Resources August 2006 Pty, Ltd.
# 4.750%, 05/15/22............................. 1,300 1,288,950
Macquarie Group, Ltd.
## 6.000%, 01/14/20............................. 1,150 1,199,188
National Australia Bank, Ltd.
2.800%, 01/10/22............................. 1,000 980,192
2.500%, 05/22/22............................. 5,500 5,306,369
Origin Energy Finance, Ltd.
## 3.500%, 10/09/18............................. 835 835,585
Westpac Banking Corp.
2.500%, 06/28/22............................. 2,500 2,406,991
-----------
TOTAL AUSTRALIA.................................. 17,999,067
-----------
BELGIUM -- (0.6%)
Anheuser-Busch InBev SA
0.875%, 03/17/22............................. EUR 3,272 4,039,261
-----------
CANADA -- (4.7%)
Bank of Montreal
# 1.900%, 08/27/21............................. 1,000 956,880
Bank of Nova Scotia (The)
4.375%, 01/13/21............................. 1,300 1,339,662
2.700%, 03/07/22............................. 2,000 1,948,805
0.375%, 04/06/22............................. EUR 1,000 1,204,242
Canadian Imperial Bank of Commerce
2.550%, 06/16/22............................. 2,000 1,930,743
2.300%, 07/11/22............................. CAD 3,000 2,286,888
Canadian National Railway Co.
2.850%, 12/15/21............................. 565 560,363
Canadian Natural Resources, Ltd.
3.450%, 11/15/21............................. 2,800 2,800,700
Cenovus Energy, Inc.
5.700%, 10/15/19............................. 800 824,400
3.000%, 08/15/22............................. 800 765,812
Enbridge, Inc.
2.900%, 07/15/22............................. 2,167 2,092,126
3.190%, 12/05/22............................. CAD 1,000 774,859
FACE
AMOUNT^ VALUE+
------- ------
(000)
CANADA -- (Continued)
Goldcorp, Inc.
3.625%, 06/09/21............................. 1,700 $ 1,700,252
Husky Energy, Inc.
7.250%, 12/15/19............................. 925 982,012
Kinross Gold Corp.
# 5.125%, 09/01/21............................. 1,250 1,280,050
Province of Ontario Canada
2.250%, 05/18/22............................. 1,000 965,571
Rogers Communications, Inc.
4.000%, 06/06/22............................. CAD 2,500 2,026,909
Teck Resources, Ltd.
4.750%, 01/15/22............................. 1,000 1,014,380
3.750%, 02/01/23............................. 1,000 968,750
Toronto-Dominion Bank (The)
2.125%, 04/07/21............................. 1,000 970,561
# 1.800%, 07/13/21............................. 1,000 956,930
Videotron, Ltd.
# 5.000%, 07/15/22............................. 1,350 1,378,687
-----------
TOTAL CANADA....................................... 29,729,582
-----------
DENMARK -- (0.5%)
AP Moeller - Maersk A.S.
## 2.875%, 09/28/20............................. 1,000 987,060
Danske Bank A.S.
## 2.750%, 09/17/20............................. 1,500 1,482,160
## 2.800%, 03/10/21............................. 700 690,367
-----------
TOTAL DENMARK...................................... 3,159,587
-----------
FINLAND -- (0.3%)
Nokia Oyj
3.375%, 06/12/22............................. 1,728 1,668,384
-----------
FRANCE -- (3.7%)
Air Liquide Finance SA
0.500%, 06/13/22............................. EUR 3,700 4,505,195
BNP Paribas SA
5.000%, 01/15/21............................. 531 556,955
0.500%, 06/01/22............................. EUR 2,800 3,398,348
BPCE SA
# 2.650%, 02/03/21............................. 700 687,261
2.750%, 12/02/21............................. 1,000 976,078
1.125%, 12/14/22............................. EUR 1,200 1,491,802
Danone SA
## # 2.077%, 11/02/21............................. 2,770 2,651,666
Electricite de France SA
3.875%, 01/18/22............................. EUR 1,200 1,640,412
Orange SA
5.375%, 07/08/19............................. 200 205,558
# 4.125%, 09/14/21............................. 900 926,390
Pernod Ricard SA
## 5.750%, 04/07/21............................. 2,000 2,131,700
61
DFA TARGETED CREDIT PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
FRANCE -- (Continued)
Societe Generale SA
## 2.625%, 09/16/20............................. 1,000 $ 985,821
## 2.500%, 04/08/21............................. 1,000 974,805
4.250%, 07/13/22............................. EUR 1,500 2,101,354
-----------
TOTAL FRANCE....................................... 23,233,345
-----------
GERMANY -- (4.1%)
BMW Finance NV
1.250%, 09/05/22............................. EUR 600 751,658
BMW US Capital LLC
## # 2.000%, 04/11/21............................. 2,335 2,251,399
0.625%, 04/20/22............................. EUR 750 917,231
Daimler Canada Finance, Inc.
2.230%, 12/16/21............................. CAD 2,000 1,521,212
Daimler Finance North America LLC
## 2.850%, 01/06/22............................. 2,500 2,442,950
Deutsche Bank AG
2.950%, 08/20/20............................. 1,000 984,050
3.125%, 01/13/21............................. 500 490,917
1.500%, 01/20/22............................. EUR 1,700 2,086,203
Deutsche Telekom International Finance BV
## 1.950%, 09/19/21............................. 1,500 1,432,554
4.250%, 07/13/22............................. EUR 800 1,122,565
EMD Finance LLC
## 2.950%, 03/19/22............................. 3,288 3,219,906
Siemens Financieringsmaatschappij NV
## 1.700%, 09/15/21............................. 1,000 953,050
2.900%, 05/27/22............................. 1,500 1,474,339
T-Mobile USA, Inc.
# 4.000%, 04/15/22............................. 1,239 1,238,226
Volkswagen Leasing GmbH
2.125%, 04/04/22............................. EUR 900 1,151,583
2.375%, 09/06/22............................. EUR 1,800 2,326,302
ZF North America Capital, Inc.
## 4.500%, 04/29/22............................. 1,099 1,121,530
-----------
TOTAL GERMANY...................................... 25,485,675
-----------
IRELAND -- (1.8%)
Allergan Finance LLC
3.250%, 10/01/22............................. 1,000 968,469
Allergan Funding SCS
3.450%, 03/15/22............................. 3,000 2,949,080
Eaton Corp.
2.750%, 11/02/22............................. 1,500 1,452,659
Ireland Government Bond
0.0%, 10/18/22............................... EUR 3,900 4,695,500
Perrigo Finance Unlimited Co.
3.500%, 03/15/21............................. 1,180 1,175,314
-----------
TOTAL IRELAND...................................... 11,241,022
-----------
FACE
AMOUNT^ VALUE+
------- ------
(000)
ITALY -- (1.4%)
Enel Finance International NV
5.000%, 09/14/22............................. EUR 622 $ 899,775
Intesa Sanpaolo SpA
# 3.875%, 01/15/19............................. 475 477,684
0.875%, 06/27/22............................. EUR 1,000 1,217,699
## # 3.125%, 07/14/22............................. 2,000 1,926,740
Italy Buoni Poliennali Del Tesoro
1.200%, 04/01/22............................. EUR 2,820 3,516,448
0.950%, 03/01/23............................. EUR 400 490,092
-----------
TOTAL ITALY........................................ 8,528,438
-----------
JAPAN -- (4.3%)
Beam Suntory, Inc.
1.750%, 06/15/18............................. 200 199,764
Daiwa Securities Group, Inc.
## 3.129%, 04/19/22............................. 1,500 1,468,765
Honda Canada Finance, Inc.
2.268%, 07/15/22............................. CAD 5,500 4,185,346
Japan Bank for International Cooperation
2.000%, 11/04/21............................. 2,000 1,926,110
Mizuho Financial Group, Inc.
## 2.632%, 04/12/21............................. 800 781,203
2.953%, 02/28/22............................. 3,500 3,417,905
MUFG Bank, Ltd.
0.875%, 03/11/22............................. EUR 2,068 2,539,166
Nissan Motor Acceptance Corp.
## 2.550%, 03/08/21............................. 1,100 1,076,413
## 2.650%, 07/13/22............................. 1,000 963,583
## 2.600%, 09/28/22............................. 1,000 959,377
SoftBank Group Corp.
## 4.500%, 04/15/20............................. 1,510 1,549,637
Sumitomo Mitsui Banking Corp.
1.000%, 01/19/22............................. EUR 1,000 1,234,191
Sumitomo Mitsui Financial Group, Inc.
2.058%, 07/14/21............................. 1,000 960,946
Toyota Motor Credit Corp.
2.600%, 01/11/22............................. 5,776 5,653,460
-----------
TOTAL JAPAN........................................ 26,915,866
-----------
LUXEMBOURG -- (0.2%)
ArcelorMittal
5.125%, 06/01/20............................. 1,243 1,280,290
-----------
NETHERLANDS -- (1.5%)
Heineken NV
## # 3.400%, 04/01/22............................. 1,011 1,014,493
ING Bank NV
## 2.750%, 03/22/21............................. 1,500 1,479,486
4.500%, 02/21/22............................. EUR 1,000 1,400,694
62
DFA TARGETED CREDIT PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
NETHERLANDS -- (Continued)
ING Groep NV
0.750%, 03/09/22............................. EUR 1,600 $ 1,950,329
LyondellBasell Industries NV
# 6.000%, 11/15/21............................. 1,677 1,802,472
Mylan NV
3.750%, 12/15/20............................. 885 887,710
Shell International Finance BV
# 1.875%, 05/10/21............................. 1,000 968,154
-----------
TOTAL NETHERLANDS................................ 9,503,338
-----------
SPAIN -- (1.7%)
Banco Santander SA
3.848%, 04/12/23............................. 3,000 2,976,136
Iberdrola Finance Ireland DAC
## 5.000%, 09/11/19............................. 99 101,420
Santander Holdings USA, Inc.
2.650%, 04/17/20............................. 800 790,568
Santander UK Group Holdings P.L.C.
2.875%, 08/05/21............................. 1,000 977,809
Santander UK P.L.C.
2.375%, 03/16/20............................. 130 128,312
Spain Government Bond
0.450%, 10/31/22............................. EUR 3,000 3,663,247
Telefonica Emisiones SAU
5.134%, 04/27/20............................. 200 207,814
5.462%, 02/16/21............................. 1,185 1,253,230
2.242%, 05/27/22............................. EUR 400 518,157
-----------
TOTAL SPAIN...................................... 10,616,693
-----------
SWEDEN -- (0.3%)
Telefonaktiebolaget LM Ericsson
# 4.125%, 05/15/22............................. 2,000 1,979,853
-----------
SWITZERLAND -- (0.6%)
ABB Finance USA, Inc.
2.875%, 05/08/22............................. 500 490,994
Credit Suisse AG
3.000%, 10/29/21............................. 1,457 1,441,767
Credit Suisse Group Funding Guernsey, Ltd.
1.250%, 04/14/22............................. EUR 1,600 1,974,493
-----------
TOTAL SWITZERLAND................................ 3,907,254
-----------
UNITED KINGDOM -- (5.8%)
Anglo American Capital P.L.C.
## 4.125%, 04/15/21............................. 200 201,656
3.500%, 03/28/22............................. EUR 1,800 2,401,633
## 3.750%, 04/10/22............................. 1,000 990,730
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED KINGDOM -- (Continued)
Aon P.L.C.
2.800%, 03/15/21............................. 1,500 $ 1,472,655
AstraZeneca P.L.C.
2.375%, 11/16/20............................. 2,250 2,212,498
2.375%, 06/12/22............................. 1,500 1,437,493
BAE Systems Holdings, Inc.
## 2.850%, 12/15/20............................. 1,650 1,630,540
Barclays P.L.C.
2.750%, 11/08/19............................. 1,000 993,117
1.500%, 04/01/22............................. EUR 1,100 1,364,397
BAT International Finance P.L.C.
3.625%, 11/09/21............................. EUR 700 938,350
1.000%, 05/23/22............................. EUR 1,333 1,630,401
## # 3.250%, 06/07/22............................. 1,000 983,245
Baxalta, Inc.
2.875%, 06/23/20............................. 400 395,848
BP Capital Markets P.L.C.
# 3.561%, 11/01/21............................. 2,000 2,025,684
1.373%, 03/03/22............................. EUR 2,146 2,692,523
British Telecommunications P.L.C.
0.500%, 06/23/22............................. EUR 3,100 3,737,105
CNH Industrial Capital LLC
3.875%, 10/15/21............................. 1,000 1,002,580
# 4.375%, 04/05/22............................. 250 253,750
Coca-Cola European Partners P.L.C.
0.750%, 02/24/22............................. EUR 1,846 2,258,837
Coca-Cola European Partners US LLC
4.500%, 09/01/21............................. 270 278,646
GlaxoSmithKline Capital P.L.C.
# 2.850%, 05/08/22............................. 1,000 984,029
HSBC Holdings P.L.C.
4.000%, 03/30/22............................. 700 714,018
Lloyds Banking Group P.L.C.
3.100%, 07/06/21............................. 1,000 992,507
# 3.000%, 01/11/22............................. 600 588,503
Sky P.L.C.
## 2.625%, 09/16/19............................. 750 745,793
TechnipFMC P.L.C.
## 3.450%, 10/01/22............................. 1,000 971,194
Unilever NV
0.500%, 02/03/22............................. EUR 1,125 1,370,415
Vodafone Group P.L.C.
2.500%, 09/26/22............................. 1,000 953,118
-----------
TOTAL UNITED KINGDOM............................... 36,221,265
-----------
UNITED STATES -- (58.2%)
Abbott Laboratories
4.125%, 05/27/20............................. $ 1,000 1,019,915
63
DFA TARGETED CREDIT PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
AbbVie, Inc.
# 2.900%, 11/06/22............................. 2,500 $2,433,086
Activision Blizzard, Inc.
2.600%, 06/15/22............................. 600 579,119
Advance Auto Parts, Inc.
5.750%, 05/01/20............................. 985 1,029,594
Aetna, Inc.
4.125%, 06/01/21............................. 916 933,543
Agilent Technologies, Inc.
# 5.000%, 07/15/20............................. 435 452,257
Ally Financial, Inc.
7.500%, 09/15/20............................. 500 541,250
# 4.125%, 02/13/22............................. 850 844,687
Altria Group, Inc.
2.850%, 08/09/22............................. 2,000 1,948,217
Amazon.com, Inc.
# 3.300%, 12/05/21............................. 1,000 1,007,300
Ameren Corp.
2.700%, 11/15/20............................. 1,525 1,504,019
American Express Co.
2.500%, 08/01/22............................. 2,500 2,397,947
American Express Credit Corp.
# 2.250%, 05/05/21............................. 1,000 974,279
0.625%, 11/22/21............................. EUR 700 853,579
American International Group, Inc.
4.875%, 06/01/22............................. 1,750 1,830,138
AmerisourceBergen Corp.
3.500%, 11/15/21............................. 1,257 1,259,426
Amgen, Inc.
4.100%, 06/15/21............................. 1,000 1,023,058
1.250%, 02/25/22............................. EUR 1,500 1,868,176
Andeavor Logistics L.P. / Tesoro Logistics
Finance Corp.
5.500%, 10/15/19............................. 500 514,350
Anixter, Inc.
5.125%, 10/01/21............................. 1,175 1,204,375
Anthem, Inc.
3.125%, 05/15/22............................. 3,000 2,933,173
Anthem, Inc.
4.350%, 08/15/20............................. 200 205,123
Apache Corp.
3.250%, 04/15/22............................. 2,359 2,327,685
2.625%, 01/15/23............................. 500 475,007
Apple, Inc.
2.300%, 05/11/22............................. 500 484,378
2.100%, 09/12/22............................. 2,000 1,916,940
Arconic, Inc.
# 5.870%, 02/23/22............................. 1,200 1,249,500
Arrow Electronics, Inc.
3.500%, 04/01/22............................. 700 687,540
Ashland LLC
# 4.750%, 08/15/22............................. 1,920 1,936,800
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
AT&T, Inc.
# 4.600%, 02/15/21............................. 600 $ 618,352
5.000%, 03/01/21............................. 1,200 1,255,306
3.875%, 08/15/21............................. 300 304,914
1.450%, 06/01/22............................. EUR 400 500,355
Autodesk, Inc.
3.125%, 06/15/20............................. 750 747,165
AutoZone, Inc.
2.500%, 04/15/21............................. 1,695 1,659,638
Avnet, Inc.
4.875%, 12/01/22............................. 3,000 3,087,629
Baker Hughes a GE Co. LLC
3.200%, 08/15/21............................. 309 309,535
Ball Corp.
4.375%, 12/15/20............................. 500 508,125
5.000%, 03/15/22............................. 750 777,187
Bank of America Corp.
# 2.625%, 10/19/20............................. 120 118,565
5.700%, 01/24/22............................. 1,000 1,081,698
3.228%, 06/22/22............................. CAD 1,000 785,677
1.625%, 09/14/22............................. EUR 1,050 1,321,416
Bank of New York Mellon Corp. (The)
2.450%, 11/27/20............................. 301 296,538
2.600%, 02/07/22............................. 1,000 976,571
Baxter International, Inc.
1.700%, 08/15/21............................. 1,500 1,422,971
BB&T Corp.
2.750%, 04/01/22............................. 2,000 1,955,019
Becton Dickinson and Co.
# 3.125%, 11/08/21............................. 2,700 2,655,865
Bemis Co., Inc.
4.500%, 10/15/21............................. 500 516,514
Best Buy Co., Inc.
# 5.500%, 03/15/21............................. 2,000 2,101,295
Biogen, Inc.
3.625%, 09/15/22............................. 2,000 1,999,983
Booking Holdings, Inc.
0.800%, 03/10/22............................. EUR 2,900 3,541,549
Boston Scientific Corp.
3.375%, 05/15/22............................. 2,500 2,478,625
Burlington Northern Santa Fe LLC
3.450%, 09/15/21............................. 1,000 1,005,277
CA, Inc.
5.375%, 12/01/19............................. 700 724,931
Capital One Financial Corp.
# 4.750%, 07/15/21............................. 1,900 1,973,853
3.200%, 01/30/23............................. 2,000 1,938,685
Carpenter Technology Corp.
5.200%, 07/15/21............................. 1,420 1,462,832
Caterpillar Financial Services Corp.
1.700%, 08/09/21............................. 1,000 955,262
64
DFA TARGETED CREDIT PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Caterpillar, Inc.
# 3.900%, 05/27/21............................. 1,000 $1,023,053
CBS Corp.
3.375%, 03/01/22............................. 1,000 990,540
Celgene Corp.
3.550%, 08/15/22............................. 2,371 2,352,849
Charles Schwab Corp. (The)
4.450%, 07/22/20............................. 200 206,023
Chevron Corp.
2.100%, 05/16/21............................. 657 640,813
2.498%, 03/03/22............................. 1,000 979,099
Choice Hotels International, Inc.
5.750%, 07/01/22............................. 1,350 1,427,625
Church & Dwight Co., Inc.
2.875%, 10/01/22............................. 2,000 1,955,025
Cigna Corp.
4.000%, 02/15/22............................. 2,400 2,434,781
CIT Group, Inc.
5.375%, 05/15/20............................. 542 559,615
Citigroup, Inc.
2.700%, 03/30/21............................. 1,100 1,082,371
1.375%, 10/27/21............................. EUR 400 500,381
3.390%, 11/18/21............................. CAD 2,000 1,583,457
Citizens Bank NA
# 2.550%, 05/13/21............................. 1,600 1,565,137
2.650%, 05/26/22............................. 1,000 965,839
CMS Energy Corp.
5.050%, 03/15/22............................. 500 525,578
CNA Financial Corp.
5.875%, 08/15/20............................. 515 544,022
5.750%, 08/15/21............................. 720 766,988
CNO Financial Group, Inc.
4.500%, 05/30/20............................. 1,400 1,407,000
Comcast Corp.
3.125%, 07/15/22............................. 1,000 992,883
Conagra Brands, Inc.
3.200%, 01/25/23............................. 1,643 1,612,121
Consolidated Edison, Inc.
2.000%, 05/15/21............................. 1,860 1,792,473
Constellation Brands, Inc.
2.700%, 05/09/22............................. 2,475 2,389,138
Corning, Inc.
4.250%, 08/15/20............................. 1,000 1,021,685
Cox Communications, Inc.
## 3.250%, 12/15/22............................. 2,192 2,137,093
CVS Health Corp.
2.800%, 07/20/20............................. 500 496,917
4.125%, 05/15/21............................. 800 816,993
2.125%, 06/01/21............................. 500 482,406
2.750%, 12/01/22............................. 1,000 960,418
DCP Midstream Operating L.P.
# 4.950%, 04/01/22............................. 1,200 1,218,000
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Dell, Inc.
4.625%, 04/01/21............................. 500 $ 505,625
DH Europe Finance SA
1.700%, 01/04/22............................. EUR 1,600 2,025,475
Discovery Communications LLC
5.625%, 08/15/19............................. 398 410,828
## 2.750%, 11/15/19............................. 575 571,665
## 2.800%, 06/15/20............................. 550 543,625
# 4.375%, 06/15/21............................. 2,176 2,219,970
Dominion Energy, Inc.
4.450%, 03/15/21............................. 850 872,081
Dow Chemical Co. (The)
4.250%, 11/15/20............................. 1,387 1,420,341
Dr Pepper Snapple Group, Inc.
2.700%, 11/15/22............................. 1,000 950,810
DTE Energy Co.
2.400%, 12/01/19............................. 700 690,451
Duke Energy Corp.
2.400%, 08/15/22............................. 1,775 1,692,744
E*TRADE Financial Corp.
2.950%, 08/24/22............................. 3,500 3,390,603
Eastman Chemical Co.
4.500%, 01/15/21............................. 34 34,937
eBay, Inc.
# 2.875%, 08/01/21............................. 1,500 1,477,647
2.600%, 07/15/22............................. 500 481,344
2.750%, 01/30/23............................. 416 399,636
Ecolab, Inc.
4.350%, 12/08/21............................. 1,224 1,269,831
2.375%, 08/10/22............................. 1,175 1,131,530
Edgewell Personal Care Co.
# 4.700%, 05/24/22............................. 850 828,410
Edgewell Personal Care Co.
# 4.700%, 05/19/21............................. 900 891,090
Edison International
2.400%, 09/15/22............................. 2,454 2,326,788
Electronic Arts, Inc.
3.700%, 03/01/21............................. 1,962 1,982,498
EMC Corp.
2.650%, 06/01/20............................. 1,000 974,261
Energy Transfer Partners L.P.
# 3.600%, 02/01/23............................. 2,500 2,429,636
Enterprise Products Operating LLC
# 5.250%, 01/31/20............................. 400 414,516
2.850%, 04/15/21............................. 1,500 1,478,977
Eversource Energy
2.500%, 03/15/21............................. 900 882,734
Exelon Corp.
5.150%, 12/01/20............................. 300 310,405
65
DFA TARGETED CREDIT PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Exelon Generation Co. LLC
2.950%, 01/15/20............................. 150 $ 149,456
# 4.000%, 10/01/20............................. 1,000 1,013,975
# 3.400%, 03/15/22............................. 1,000 990,832
4.250%, 06/15/22............................. 500 511,836
Express Scripts Holding Co.
# 3.300%, 02/25/21............................. 2,000 1,989,891
3.900%, 02/15/22............................. 500 501,865
Fidelity National Information Services, Inc.
2.250%, 08/15/21............................. 2,000 1,928,220
Fifth Third Bancorp
3.500%, 03/15/22............................. 2,000 1,998,284
Ford Credit Canada Co.
2.766%, 06/22/22............................. CAD 2,500 1,896,783
Ford Motor Credit Co. LLC
3.200%, 01/15/21............................. 800 792,759
3.336%, 03/18/21............................. 1,500 1,488,996
Fortune Brands Home & Security, Inc.
3.000%, 06/15/20............................. 500 495,573
Gap, Inc. (The)
# 5.950%, 04/12/21............................. 1,296 1,363,494
GATX Corp.
2.500%, 07/30/19............................. 500 495,845
General Electric Co.
0.375%, 05/17/22............................. EUR 3,000 3,601,280
# 2.700%, 10/09/22............................. 1,500 1,447,008
General Mills, Inc.
3.150%, 12/15/21............................. 985 976,268
General Motors Financial Co., Inc.
# 3.200%, 07/06/21............................. 2,800 2,766,554
3.450%, 01/14/22............................. 800 791,133
Gilead Sciences, Inc.
# 4.400%, 12/01/21............................. 2,005 2,080,927
Goldman Sachs Group, Inc. (The)
5.375%, 03/15/20............................. 500 520,521
2.625%, 04/25/21............................. 1,000 978,703
5.250%, 07/27/21............................. 750 792,879
5.750%, 01/24/22............................. 957 1,029,650
Graphic Packaging International LLC
4.750%, 04/15/21............................. 1,210 1,222,100
Great Plains Energy, Inc.
4.850%, 06/01/21............................. 915 943,495
Harley-Davidson Financial Services, Inc.
## 2.550%, 06/09/22............................. 3,000 2,864,754
Harris Corp.
2.700%, 04/27/20............................. 1,570 1,556,794
Hartford Financial Services Group, Inc. (The)
5.125%, 04/15/22............................. 400 423,773
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Hasbro, Inc.
3.150%, 05/15/21............................. 1,384 $1,377,217
Hewlett Packard Enterprise Co.
3.600%, 10/15/20............................. 236 237,680
Huntington Bancshares, Inc.
3.150%, 03/14/21............................. 1,500 1,493,363
2.300%, 01/14/22............................. 400 384,404
Huntington National Bank (The)
2.400%, 04/01/20............................. 500 493,192
Indiana Michigan Power Co.
7.000%, 03/15/19............................. 400 414,065
International Business Machines Corp.
0.500%, 09/07/21............................. EUR 700 854,683
JPMorgan Chase & Co.
2.550%, 10/29/20............................. 400 394,195
2.750%, 08/24/22............................. EUR 2,868 3,790,791
Kellogg Co.
4.000%, 12/15/20............................. 800 816,821
0.800%, 11/17/22............................. EUR 2,500 3,038,755
KeyBank NA
2.300%, 09/14/22............................. 550 525,275
KeyCorp
2.900%, 09/15/20............................. 700 695,030
Kraft Heinz Foods Co.
3.500%, 06/06/22............................. 2,900 2,884,768
Kroger Co. (The)
3.300%, 01/15/21............................. 1,167 1,167,836
3.400%, 04/15/22............................. 975 968,036
# 2.800%, 08/01/22............................. 1,500 1,450,483
L Brands, Inc.
5.625%, 02/15/22............................. 1,450 1,504,520
L3 Technologies, Inc.
4.750%, 07/15/20............................. 1,000 1,034,086
4.950%, 02/15/21............................. 164 170,054
Laboratory Corp. of America Holdings
3.200%, 02/01/22............................. 900 887,644
Legg Mason, Inc.
2.700%, 07/15/19............................. 823 818,520
Leidos Holdings, Inc.
4.450%, 12/01/20............................. 1,100 1,102,750
Lennar Corp.
## 6.625%, 05/01/20............................. 600 630,000
## 8.375%, 01/15/21............................. 500 553,750
4.125%, 01/15/22............................. 1,400 1,394,750
Liberty Mutual Group, Inc.
## 5.000%, 06/01/21............................. 2,400 2,495,504
## 4.950%, 05/01/22............................. 615 642,961
Lincoln National Corp.
6.250%, 02/15/20............................. 300 315,442
4.850%, 06/24/21............................. 880 919,154
66
DFA TARGETED CREDIT PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Lowe's Cos., Inc.
3.750%, 04/15/21............................. 2,000 $2,039,495
Macy's Retail Holdings, Inc.
# 3.450%, 01/15/21............................. 1,500 1,489,652
Manufacturers & Traders Trust Co.
2.500%, 05/18/22............................. 2,300 2,218,192
Marathon Petroleum Corp.
3.400%, 12/15/20............................. 2,100 2,108,002
Marriott International, Inc.
2.875%, 03/01/21............................. 800 791,938
Marsh & McLennan Cos., Inc.
2.750%, 01/30/22............................. 2,260 2,203,062
Mattel, Inc.
2.350%, 05/06/19............................. 800 784,000
# 2.350%, 08/15/21............................. 1,900 1,704,870
Mead Johnson Nutrition Co.
# 3.000%, 11/15/20............................. 919 916,620
Meritage Homes Corp.
7.150%, 04/15/20............................. 1,300 1,378,000
MetLife, Inc.
# 4.750%, 02/08/21............................. 1,441 1,498,501
MGM Resorts International
# 7.750%, 03/15/22............................. 1,500 1,663,125
Molson Coors Brewing Co.
2.100%, 07/15/21............................. 2,000 1,916,444
Mondelez International Holdings Netherlands BV
## 2.000%, 10/28/21............................. 3,000 2,856,129
Morgan Stanley
2.500%, 04/21/21............................. 1,000 976,958
5.500%, 07/28/21............................. 200 212,500
3.125%, 08/05/21............................. CAD 1,600 1,254,965
# 2.625%, 11/17/21............................. 1,500 1,459,859
Mosaic Co. (The)
3.750%, 11/15/21............................. 2,000 1,995,246
Murphy Oil Corp.
4.000%, 06/01/22............................. 500 488,750
National Oilwell Varco, Inc.
# 2.600%, 12/01/22............................. 1,500 1,429,104
NetApp, Inc.
3.375%, 06/15/21............................. 2,000 1,988,404
Newfield Exploration Co.
# 5.750%, 01/30/22............................. 1,900 1,995,000
Newmont Mining Corp.
3.500%, 03/15/22............................. 1,000 994,961
NextEra Energy Capital Holdings, Inc.
4.500%, 06/01/21............................. 1,000 1,030,039
Noble Energy, Inc.
4.150%, 12/15/21............................. 1,676 1,703,511
Nordstrom, Inc.
4.750%, 05/01/20............................. 1,000 1,028,391
# 4.000%, 10/15/21............................. 1,000 1,011,998
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Northrop Grumman Corp.
2.550%, 10/15/22............................. 3,000 $2,889,895
NuStar Logistics L.P.
6.750%, 02/01/21............................. 1,083 1,123,612
NVIDIA Corp.
2.200%, 09/16/21............................. 993 963,442
Occidental Petroleum Corp.
3.125%, 02/15/22............................. 476 474,529
Omnicom Group, Inc.
3.625%, 05/01/22............................. 1,400 1,400,920
ONEOK, Inc.
4.250%, 02/01/22............................. 1,066 1,083,909
Oracle Corp.
# 2.500%, 05/15/22............................. 4,250 4,147,280
2.500%, 10/15/22............................. 1,951 1,893,878
Pacific Gas & Electric Co.
3.500%, 10/01/20............................. 500 501,062
4.250%, 05/15/21............................. 797 813,565
Penske Truck Leasing Co. L.P. / PTL Finance Corp.
## 3.375%, 02/01/22............................. 2,104 2,081,775
## 4.250%, 01/17/23............................. 1,209 1,233,569
Philip Morris International, Inc.
2.375%, 08/17/22............................. 2,291 2,195,886
2.500%, 08/22/22............................. 2,000 1,923,956
Phillips 66
4.300%, 04/01/22............................. 1,500 1,552,202
Plains All American Pipeline L.P. / PAA Finance
Corp.
2.850%, 01/31/23............................. 1,500 1,405,257
PNC Bank NA
2.550%, 12/09/21............................. 1,000 973,968
PolyOne Corp.
# 5.250%, 03/15/23............................. 1,400 1,433,250
Procter & Gamble Co. (The)
2.150%, 08/11/22............................. 1,500 1,444,559
Progress Energy, Inc.
4.400%, 01/15/21............................. 1,100 1,126,025
PulteGroup, Inc.
# 4.250%, 03/01/21............................. 1,475 1,482,522
QEP Resources, Inc.
# 5.375%, 10/01/22............................. 1,500 1,500,000
QUALCOMM, Inc.
3.000%, 05/20/22............................. 1,145 1,116,579
2.600%, 01/30/23............................. 1,800 1,703,497
Quest Diagnostics, Inc.
2.700%, 04/01/19............................. 200 199,993
Radian Group, Inc.
7.000%, 03/15/21............................. 1,205 1,289,350
Regions Financial Corp.
3.200%, 02/08/21............................. 1,300 1,294,155
2.750%, 08/14/22............................. 1,000 964,018
Republic Services, Inc.
3.550%, 06/01/22............................. 1,000 1,000,540
Reynolds American, Inc.
6.875%, 05/01/20............................. 500 534,255
67
DFA TARGETED CREDIT PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Rockies Express Pipeline LLC
## 5.625%, 04/15/20............................. 1,100 $1,138,841
Rockwell Collins, Inc.
2.800%, 03/15/22............................. 2,000 1,941,550
Roper Technologies, Inc.
3.000%, 12/15/20............................. 1,200 1,192,976
2.800%, 12/15/21............................. 1,000 977,352
Ryder System, Inc.
3.450%, 11/15/21............................. 900 899,535
3.400%, 03/01/23............................. 2,000 1,978,401
Santander Holdings USA, Inc.
3.400%, 01/18/23............................. 1,000 968,621
SCANA Corp.
6.250%, 04/01/20............................. 550 570,642
# 4.750%, 05/15/21............................. 1,000 1,012,990
Sealed Air Corp.
## # 6.500%, 12/01/20............................. 1,449 1,535,940
Sherwin-Williams Co. (The)
2.750%, 06/01/22............................. 1,000 968,188
Southern Co. (The)
2.750%, 06/15/20............................. 250 247,694
Southern Power Co.
2.500%, 12/15/21............................. 898 870,877
1.000%, 06/20/22............................. EUR 950 1,164,649
State Street Corp.
1.950%, 05/19/21............................. 500 483,980
Stryker Corp.
2.625%, 03/15/21............................. 2,086 2,057,568
SunTrust Bank
2.450%, 08/01/22............................. 2,750 2,639,958
SunTrust Banks, Inc.
2.900%, 03/03/21............................. 150 148,455
Symantec Corp.
# 4.200%, 09/15/20............................. 1,000 1,011,426
Target Corp.
# 2.900%, 01/15/22............................. 1,750 1,742,817
Thermo Fisher Scientific, Inc.
4.500%, 03/01/21............................. 830 858,187
2.150%, 07/21/22............................. EUR 500 643,599
Time Warner Cable LLC
4.125%, 02/15/21............................. 100 100,854
Time Warner Cable, Inc.
5.000%, 02/01/20............................. 1,100 1,128,936
Time Warner, Inc.
2.100%, 06/01/19............................. 105 104,052
Toll Brothers Finance Corp.
5.875%, 02/15/22............................. 1,100 1,163,250
Total System Services, Inc.
3.800%, 04/01/21............................. 234 235,047
Travelers Cos., Inc. (The)
3.900%, 11/01/20............................. 250 254,337
TRI Pointe Group, Inc.
4.875%, 07/01/21............................. 1,100 1,111,000
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Tupperware Brands Corp.
4.750%, 06/01/21............................. 1,700 $1,737,683
Tyson Foods, Inc.
4.500%, 06/15/22............................. 1,000 1,034,391
United Continental Holdings, Inc.
6.000%, 12/01/20............................. 1,000 1,049,800
4.250%, 10/01/22............................. 1,000 974,000
UnitedHealth Group, Inc.
# 2.125%, 03/15/21............................. 1,200 1,167,764
# 2.875%, 12/15/21............................. 500 493,701
Unum Group
3.000%, 05/15/21............................. 1,000 985,081
US Bancorp
# 2.625%, 01/24/22............................. 1,000 979,707
Verizon Communications, Inc.
# 3.450%, 03/15/21............................. 215 216,748
3.500%, 11/01/21............................. 500 503,997
2.375%, 02/17/22............................. EUR 2,500 3,241,976
VF Corp.
3.500%, 09/01/21............................. 1,040 1,054,799
Viacom, Inc.
2.750%, 12/15/19............................. 598 592,410
Walgreen Co.
3.100%, 09/15/22............................. 500 488,308
Walgreens Boots Alliance, Inc.
# 3.300%, 11/18/21............................. 1,000 995,940
Waste Management, Inc.
4.600%, 03/01/21............................. 1,288 1,334,535
Wells Fargo & Co.
2.500%, 03/04/21............................. 2,000 1,958,914
2.094%, 04/25/22............................. CAD 3,000 2,256,490
1.500%, 09/12/22............................. EUR 750 937,819
Western Gas Partners L.P.
2.600%, 08/15/18............................. 700 699,409
5.375%, 06/01/21............................. 175 181,042
# 4.000%, 07/01/22............................. 800 792,593
Western Union Co. (The)
5.253%, 04/01/20............................. 1,000 1,033,315
Whirlpool Corp.
4.850%, 06/15/21............................. 436 454,196
Williams Cos., Inc. (The)
# 7.875%, 09/01/21............................. 1,200 1,332,000
Williams Partners L.P.
4.000%, 11/15/21............................. 1,848 1,863,229
WR Berkley Corp.
4.625%, 03/15/22............................. 975 1,007,145
WR Grace & Co.
## # 5.125%, 10/01/21............................. 1,300 1,335,477
Wyndham Worldwide Corp.
4.250%, 03/01/22............................. 2,400 2,357,318
Xcel Energy, Inc.
2.400%, 03/15/21............................. 2,000 1,955,442
68
DFA TARGETED CREDIT PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Xilinx, Inc.
3.000%, 03/15/21............................. 989 $ 979,524
Zimmer Biomet Holdings, Inc.
# 3.150%, 04/01/22............................. 1,345 1,319,647
------------
TOTAL UNITED STATES.............................. 363,975,237
------------
TOTAL BONDS...................................... 579,484,157
------------
TOTAL INVESTMENT SECURITIES...................... 579,484,157
------------
SHARES VALUE+
------ ------
SECURITIES LENDING COLLATERAL -- (7.4%)
(S) DFA Short Term Investment Fund............... 4,011,795 $ 46,416,474
------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $635,998,157)............................. $625,900,631
============
At April 30, 2018, DFA Targeted Credit Portfolio had entered into the following
forward currency contracts and the net unrealized forward currency gain (loss)
is reflected in the accompanying financial statements:
UNREALIZED
FOREIGN
EXCHANGE
SETTLEMENT APPRECIATION
CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION)
------------------ -------------- ---------------------------- ------------------ --------------
USD.. 81,205,537 EUR 65,869,316 State Street Bank and Trust 07/06/18 $1,265,173
USD.. 711,421 CAD 905,439 Citibank, N.A. 07/10/18 5,064
USD.. 18,314,931 CAD 23,072,765 Citibank, N.A. 07/10/18 315,266
USD.. 19,506,809 EUR 15,900,883 State Street Bank and Trust 07/25/18 180,822
----------
TOTAL APPRECIATION $1,766,325
==========
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
-----------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- ------------ ------- ------------
Bonds
Australia................... -- $ 17,999,067 -- $ 17,999,067
Belgium..................... -- 4,039,261 -- 4,039,261
Canada...................... -- 29,729,582 -- 29,729,582
Denmark..................... -- 3,159,587 -- 3,159,587
Finland..................... -- 1,668,384 -- 1,668,384
France...................... -- 23,233,345 -- 23,233,345
Germany..................... -- 25,485,675 -- 25,485,675
Ireland..................... -- 11,241,022 -- 11,241,022
Italy....................... -- 8,528,438 -- 8,528,438
Japan....................... -- 26,915,866 -- 26,915,866
Luxembourg.................. -- 1,280,290 -- 1,280,290
Netherlands................. -- 9,503,338 -- 9,503,338
Spain....................... -- 10,616,693 -- 10,616,693
Sweden...................... -- 1,979,853 -- 1,979,853
Switzerland................. -- 3,907,254 -- 3,907,254
United Kingdom.............. -- 36,221,265 -- 36,221,265
United States............... -- 363,975,237 -- 363,975,237
Securities Lending Collateral. -- 46,416,474 -- 46,416,474
Forward Currency Contracts**.. -- 1,766,325 -- 1,766,325
-- ------------ -- ------------
TOTAL......................... -- $627,666,956 -- $627,666,956
== ============ == ============
**Valued at the unrealized appreciation/(depreciation) on the investment.
See accompanying Notes to Financial Statements.
69
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT^ VALUE+
------- ------
(000)
BONDS -- (91.2%)
AUSTRALIA -- (3.7%)
Australia & New Zealand Banking Group, Ltd.
0.750%, 09/29/26............................. EUR 3,000 $ 3,530,146
BHP Billiton Finance USA, Ltd.
2.875%, 02/24/22............................. 13 12,844
BHP Billiton Finance, Ltd.
3.250%, 09/24/27............................. EUR 1,800 2,563,357
Commonwealth Bank of Australia
5.000%, 03/19/20............................. 9 9,301
## 2.850%, 05/18/26............................. 266 246,342
## 3.150%, 09/19/27............................. 10 9,383
Macquarie Bank, Ltd.
## 3.900%, 01/15/26............................. 289 286,399
National Australia Bank, Ltd.
3.000%, 02/10/23............................. AUD 2,000 1,485,975
0.625%, 09/18/24............................. EUR 4,000 4,752,871
## 3.500%, 01/10/27............................. 351 340,475
Westpac Banking Corp.
4.875%, 11/19/19............................. 106 109,052
0.625%, 11/22/24............................. EUR 1,000 1,186,137
2.850%, 05/13/26............................. 104 96,348
2.700%, 08/19/26............................. 23 21,040
3.350%, 03/08/27............................. 319 305,067
-----------
TOTAL AUSTRALIA.................................. 14,954,737
-----------
AUSTRIA -- (0.0%)
Oesterreichische Kontrollbank AG
1.125%, 05/29/18............................. 23 22,984
-----------
BELGIUM -- (0.6%)
Anheuser-Busch InBev Finance, Inc.
2.625%, 01/17/23............................. 58 55,823
3.650%, 02/01/26............................. 35 34,171
Anheuser-Busch InBev SA
2.700%, 03/31/26............................. EUR 1,000 1,348,439
2.250%, 05/24/29............................. GBP 600 791,112
Anheuser-Busch InBev Worldwide, Inc.
4.375%, 02/15/21............................. 5 5,159
2.500%, 07/15/22............................. 24 23,170
-----------
TOTAL BELGIUM.................................... 2,257,874
-----------
CANADA -- (4.8%)
Alimentation Couche-Tard, Inc.
1.875%, 05/06/26............................. EUR 700 863,592
FACE
AMOUNT^ VALUE+
------- ------
(000)
CANADA -- (Continued)
Bank of Nova Scotia (The)
2.050%, 06/05/19............................. 13 $ 12,897
4.375%, 01/13/21............................. 37 38,129
2.620%, 12/02/26............................. CAD 2,000 1,502,675
British Columbia, Province of Canada
6.500%, 01/15/26............................. 93 112,175
Canadian Natural Resources, Ltd.
3.420%, 12/01/26............................. CAD 1,000 759,484
Canadian Pacific Railway Co.
2.900%, 02/01/25 535 505,113
3.700%, 02/01/26............................. 45 44,058
Cenovus Energy, Inc.
3.000%, 08/15/22............................. 719 688,273
Enbridge, Inc.
4.000%, 10/01/23............................. 34 34,005
3.500%, 06/10/24............................. 15 14,497
Goldcorp, Inc.
3.625%, 06/09/21............................. 46 46,007
Husky Energy, Inc.
3.600%, 03/10/27............................. CAD 2,000 1,538,861
Manitoba, Province of Canada
6.300%, 03/05/31............................. CAD 5,000 5,183,107
Nutrien, Ltd.
3.625%, 03/15/24............................. 540 532,300
3.000%, 04/01/25............................. 40 37,346
Ontario, Province of Canada
2.400%, 06/02/26............................. CAD 4,000 3,009,619
Province of Manitoba Canada
2.050%, 11/30/20............................. 131 128,152
Province of Ontario Canada
1.650%, 09/27/19............................. 6 5,918
3.150%, 06/02/22............................. CAD 233 186,160
2.450%, 06/29/22............................. 13 12,630
Quebec, Province of Canada
2.625%, 02/13/23............................. 52 50,769
Rogers Communications, Inc.
3.000%, 03/15/23............................. 21 20,538
4.100%, 10/01/23............................. 15 15,336
4.000%, 03/13/24............................. CAD 2,000 1,618,786
Royal Bank of Canada
2.200%, 07/27/18............................. 13 12,996
2.350%, 10/30/20............................. 58 56,945
Suncor Energy, Inc.
3.600%, 12/01/24............................. 87 85,761
Teck Resources, Ltd.
4.750%, 01/15/22............................. 700 710,066
3.750%, 02/01/23............................. 200 193,750
70
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
CANADA -- (Continued)
Thomson Reuters Corp.
4.300%, 11/23/23............................. 60 $ 60,749
3.850%, 09/29/24............................. 256 250,936
Toronto-Dominion Bank (The)
2.125%, 07/02/19............................. 43 42,725
2.125%, 04/07/21............................. 163 158,201
1.994%, 03/23/22............................. CAD 58 43,947
TransCanada PipeLines, Ltd.
3.800%, 10/01/20............................. 15 15,230
2.500%, 08/01/22............................. 38 36,554
Videotron, Ltd.
5.000%, 07/15/22............................. 921 940,571
-----------
TOTAL CANADA..................................... 19,568,858
-----------
DENMARK -- (1.4%)
Denmark Government Bond
0.500%, 11/15/27............................. DKK 18,000 2,895,830
Kommunekredit
--%, 09/08/22................................ EUR 256 307,383
2.900%, 11/27/26............................. AUD 3,500 2,530,337
-----------
TOTAL DENMARK.................................... 5,733,550
-----------
FINLAND -- (0.2%)
Nokia Oyj
4.375%, 06/12/27............................. 1,000 927,500
-----------
FRANCE -- (6.4%)
Agence Francaise de Developpement
0.250%, 07/21/26............................. EUR 500 577,888
Air Liquide Finance SA
1.000%, 03/08/27............................. EUR 1,100 1,324,089
BNP Paribas SA
2.450%, 03/17/19............................. 7 6,995
3.250%, 03/03/23............................. 22 21,823
1.500%, 11/17/25............................. EUR 1,200 1,461,998
Credit Agricole SA
2.375%, 05/20/24............................. EUR 1,000 1,317,556
Electricite de France SA
## 3.625%, 10/13/25............................. 40 39,426
5.875%, 07/18/31............................. GBP 1,200 2,122,631
Orange SA
0.875%, 02/03/27............................. EUR 500 585,763
8.125%, 11/20/28............................. GBP 464 956,016
Pernod Ricard SA
1.500%, 05/18/26............................. EUR 800 990,340
## 3.250%, 06/08/26............................. 173 165,560
Sanofi
1.750%, 09/10/26............................. EUR 2,000 2,566,478
0.500%, 01/13/27............................. EUR 2,300 2,654,726
SNCF Reseau
5.250%, 12/07/28............................. GBP 3,350 5,960,161
Societe Generale SA
1.125%, 01/23/25............................. EUR 1,200 1,430,019
FACE
AMOUNT^ VALUE+
------- ------
(000)
FRANCE -- (Continued)
Total Capital International SA
2.125%, 01/10/19............................. 10 $ 9,964
2.100%, 06/19/19............................. 26 25,848
3.750%, 04/10/24............................. 112 113,231
0.625%, 10/04/24............................. EUR 1,000 1,200,371
2.500%, 03/25/26............................. EUR 2,000 2,699,623
-----------
TOTAL FRANCE..................................... 26,230,506
-----------
GERMANY -- (4.4%)
BMW U.S. Capital LLC
## 2.800%, 04/11/26............................. 194 180,903
## 3.300%, 04/06/27............................. 58 55,795
Daimler AG
1.000%, 11/15/27............................. EUR 1,300 1,520,849
Daimler Finance North America LLC
8.500%, 01/18/31............................. 104 148,232
Deutsche Bank AG
2.500%, 02/13/19............................. 40 39,835
2.950%, 08/20/20............................. 2 1,968
3.125%, 01/13/21............................. 23 22,582
3.700%, 05/30/24............................. 113 107,682
1.125%, 03/17/25............................. EUR 1,900 2,207,944
Deutsche Telekom International Finance BV
1.125%, 05/22/26............................. EUR 1,000 1,197,108
EMD Finance LLC
## 2.950%, 03/19/22............................. 60 58,757
Kreditanstalt fuer Wiederaufbau
1.875%, 04/01/19............................. 9 8,955
2.050%, 02/16/26............................. JPY 789,000 8,383,854
NRW Bank
1.875%, 07/01/19............................. 24 23,792
T-Mobile USA, Inc.
4.000%, 04/15/22............................. 800 799,500
Volkswagen International Finance NV
1.875%, 03/30/27............................. EUR 2,000 2,454,736
ZF North America Capital, Inc.
## 4.500%, 04/29/22............................. 870 887,835
-----------
TOTAL GERMANY.................................... 18,100,327
-----------
IRELAND -- (0.3%)
Allergan Finance LLC
3.250%, 10/01/22............................. 88 85,225
Allergan Funding SCS
3.450%, 03/15/22............................. 150 147,454
3.800%, 03/15/25............................. 529 507,069
Eaton Corp.
2.750%, 11/02/22............................. 34 32,927
Johnson Controls International P.L.C.
3.625%, 07/02/24............................. 11 10,880
71
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
IRELAND -- (Continued)
Medtronic, Inc.
3.125%, 03/15/22............................. 13 $ 12,943
3.500%, 03/15/25............................. 23 22,749
Perrigo Finance Unlimited Co.
4.375%, 03/15/26............................. 500 496,694
----------
TOTAL IRELAND.................................... 1,315,941
----------
ITALY -- (1.2%)
Enel Finance International NV
1.375%, 06/01/26............................. EUR 1,000 1,213,382
Eni SpA
1.500%, 01/17/27............................. EUR 1,000 1,216,635
Italy Buoni Poliennali Del Tesoro
1.250%, 12/01/26............................. EUR 2,100 2,477,723
----------
TOTAL ITALY...................................... 4,907,740
----------
JAPAN -- (0.2%)
American Honda Finance Corp.
2.300%, 09/09/26............................. 130 118,650
Beam Suntory, Inc.
1.750%, 06/15/18............................. 23 22,973
3.250%, 06/15/23............................. 47 45,498
Mitsubishi UFJ Financial Group, Inc.
3.677%, 02/22/27............................. 35 34,345
MUFG Americas Holdings Corp.
3.500%, 06/18/22............................. 64 63,766
Nissan Motor Acceptance Corp.
## 2.125%, 03/03/20............................. 20 19,663
Nomura Holdings, Inc.
6.700%, 03/04/20............................. 16 16,941
Sumitomo Mitsui Financial Group, Inc.
2.934%, 03/09/21............................. 23 22,782
3.784%, 03/09/26............................. 58 57,400
Toyota Credit Canada, Inc.
2.020%, 02/28/22............................. CAD 58 43,897
Toyota Motor Credit Corp.
2.100%, 01/17/19............................. 10 9,979
3.300%, 01/12/22............................. 30 30,068
2.625%, 01/10/23............................. 75 72,717
3.200%, 01/11/27............................. 315 304,130
----------
TOTAL JAPAN...................................... 862,809
----------
LUXEMBOURG -- (0.4%)
DH Europe Finance SA
1.200%, 06/30/27............................. EUR 1,300 1,547,840
----------
FACE
AMOUNT^ VALUE+
------- ------
(000)
NETHERLANDS -- (6.6%)
Ahold Finance USA LLC
6.875%, 05/01/29............................. 8 $ 9,481
Bank Nederlandse Gemeenten NV
2.500%, 01/23/23............................. 74 72,157
BMW Finance NV
1.125%, 01/10/28............................. EUR 750 892,947
Cooperatieve Rabobank UA
3.875%, 02/08/22............................. 83 84,337
2.375%, 05/22/23............................. EUR 2,300 3,030,166
1.250%, 03/23/26............................. EUR 2,500 3,064,997
E.ON International Finance BV
6.375%, 06/07/32............................. GBP 1,150 2,171,206
Heineken NV
## 2.750%, 04/01/23............................. 26 25,137
1.375%, 01/29/27............................. EUR 1,200 1,464,456
Iberdrola International BV
0.375%, 09/15/25............................. EUR 1,400 1,606,655
ING Groep NV
1.375%, 01/11/28............................. EUR 2,100 2,484,700
Koninklijke KPN NV
5.750%, 09/17/29............................. GBP 1,500 2,561,993
LYB International Finance II BV
3.500%, 03/02/27............................. 35 33,052
LyondellBasell Industries NV
5.750%, 04/15/24............................. 500 541,844
Mylan NV
2.250%, 11/22/24............................. EUR 1,000 1,244,247
3.950%, 06/15/26............................. 173 164,204
Mylan, Inc.
4.200%, 11/29/23............................. 52 52,054
Sensata Technologies BV
## 5.000%, 10/01/25............................. 500 498,750
Shell International Finance BV
2.500%, 09/12/26............................. 131 121,197
Shell International Finance BV
2.250%, 11/10/20............................. 54 53,231
3.400%, 08/12/23............................. 123 123,357
3.250%, 05/11/25............................. 334 328,274
2.875%, 05/10/26............................. 348 330,673
1.625%, 01/20/27............................. EUR 4,708 5,950,267
-----------
TOTAL NETHERLANDS................................ 26,909,382
-----------
NORWAY -- (0.1%)
Statoil ASA
1.150%, 05/15/18............................. 16 15,994
2.450%, 01/17/23............................. 102 98,062
2.650%, 01/15/24............................. 81 77,754
-----------
TOTAL NORWAY..................................... 191,810
-----------
72
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
SPAIN -- (0.6%)
Santander Holdings USA, Inc.
4.500%, 07/17/25............................. 206 $ 207,373
Santander UK P.L.C.
2.375%, 03/16/20............................. 4 3,948
4.000%, 03/13/24............................. 103 103,914
Telefonica Emisiones SAU
5.462%, 02/16/21............................. 10 10,576
1.715%, 01/12/28............................. EUR 1,200 1,448,540
Telefonica Europe BV
8.250%, 09/15/30............................. 500 667,504
-----------
TOTAL SPAIN...................................... 2,441,855
-----------
SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (6.5%)
Asian Development Bank
1.750%, 09/11/18............................. 10 9,984
1.875%, 04/12/19............................. 24 23,874
2.350%, 06/21/27............................. JPY 980,000 10,809,063
European Financial Stability Facility
--%, 11/17/22................................ EUR 231 278,602
0.400%, 05/31/26............................. EUR 5,000 5,937,677
European Investment Bank
1.875%, 03/15/19............................. 6 5,973
3.250%, 01/29/24............................. 37 37,447
1.900%, 01/26/26............................. JPY 28,300 297,089
2.150%, 01/18/27............................. JPY 850,000 9,209,531
Inter-American Development Bank
3.000%, 02/21/24............................. 20 19,920
7.000%, 06/15/25............................. 45 55,072
International Finance Corp.
0.875%, 06/15/18............................. 3 2,996
-----------
TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS..... 26,687,228
-----------
SWEDEN -- (2.8%)
Kommuninvest I Sverige AB
0.250%, 06/01/22............................. SEK 3,460 394,740
Nordea Bank AB
1.000%, 02/22/23............................. EUR 4,000 4,945,710
Svenska Handelsbanken AB
0.250%, 02/28/22............................. EUR 110 132,537
Sweden Government Bond
3.500%, 06/01/22............................. SEK 4,895 643,807
0.750%, 05/12/28............................. SEK 26,400 3,025,961
2.250%, 06/01/32............................. SEK 12,000 1,584,639
Telefonaktiebolaget LM Ericsson
4.125%, 05/15/22............................. 900 890,934
-----------
TOTAL SWEDEN..................................... 11,618,328
-----------
FACE
AMOUNT^ VALUE+
------- ------
(000)
SWITZERLAND -- (3.5%)
ABB Finance USA, Inc.
2.875%, 05/08/22............................. 45 $ 44,189
Chubb INA Holdings, Inc.
2.875%, 11/03/22............................. 22 21,567
2.700%, 03/13/23............................. 35 33,872
3.350%, 05/15/24............................. 60 59,215
Credit Suisse AG
1.500%, 04/10/26............................. EUR 700 868,329
Novartis Capital Corp.
3.400%, 05/06/24............................. 71 70,724
3.100%, 05/17/27............................. 878 840,598
Novartis Finance SA
1.625%, 11/09/26............................. EUR 3,300 4,193,100
1.125%, 09/30/27............................. EUR 5,000 6,053,293
UBS Group Funding Switzerland AG
1.250%, 09/01/26............................. EUR 1,800 2,133,866
-----------
TOTAL SWITZERLAND................................ 14,318,753
-----------
UNITED KINGDOM -- (8.2%)
Anglo American Capital P.L.C.
1.625%, 09/18/25............................. EUR 1,000 1,209,674
Aon Corp.
5.000%, 09/30/20............................. 9 9,353
Aon P.L.C.
4.000%, 11/27/23............................. 47 47,692
3.500%, 06/14/24............................. 107 104,835
2.875%, 05/14/26............................. EUR 1,400 1,835,747
AstraZeneca P.L.C.
2.375%, 11/16/20............................. 34 33,433
3.375%, 11/16/25............................. 87 84,494
1.250%, 05/12/28............................. EUR 1,200 1,440,834
BAE Systems Holdings, Inc.
## 2.850%, 12/15/20............................. 14 13,835
Barclays Bank P.L.C.
2.250%, 06/10/24............................. EUR 500 653,846
Barclays P.L.C.
3.250%, 02/12/27............................. GBP 1,157 1,581,717
BAT International Finance P.L.C.
4.000%, 09/04/26............................. GBP 520 784,402
1.250%, 03/13/27............................. EUR 1,000 1,154,002
Baxalta, Inc.
2.875%, 06/23/20............................. 5 4,948
BP Capital Markets P.L.C.
3.245%, 05/06/22............................. 33 32,912
3.535%, 11/04/24............................. 26 25,914
1.077%, 06/26/25............................. EUR 1,200 1,451,461
3.119%, 05/04/26............................. 35 33,482
3.017%, 01/16/27............................. 127 119,762
British Telecommunications P.L.C.
1.000%, 11/21/24............................. EUR 1,200 1,427,357
3.125%, 11/21/31............................. GBP 700 950,353
73
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED KINGDOM -- (Continued)
CNH Industrial Capital LLC
4.375%, 04/05/22............................. 406 $ 412,090
Diageo Investment Corp.
2.875%, 05/11/22............................. 2 1,967
GlaxoSmithKline Capital P.L.C.
1.000%, 09/12/26............................. EUR 1,500 1,778,653
GlaxoSmithKline Capital, Inc.
2.800%, 03/18/23............................. 63 61,330
HSBC Holdings P.L.C.
4.000%, 03/30/22............................. 59 60,182
2.625%, 08/16/28............................. GBP 1,564 2,121,491
HSBC USA, Inc.
3.500%, 06/23/24............................. 147 144,636
Lloyds Banking Group P.L.C.
1.500%, 09/12/27............................. EUR 2,100 2,494,666
Nationwide Building Society
3.250%, 01/20/28............................. GBP 1,000 1,455,537
Rio Tinto Finance P.L.C.
4.000%, 12/11/29............................. GBP 1,000 1,583,569
Rolls-Royce P.L.C.
## 3.625%, 10/14/25............................. 520 513,900
3.375%, 06/18/26............................. GBP 800 1,185,675
Santander UK P.L.C.
3.875%, 10/15/29............................. GBP 1,000 1,539,106
Sky P.L.C.
2.500%, 09/15/26............................. EUR 2,000 2,610,517
TechnipFMC P.L.C.
## 3.450%, 10/01/22............................. 49 47,589
Unilever NV
1.000%, 02/14/27............................. EUR 1,500 1,782,439
Vodafone Group P.L.C.
5.450%, 06/10/19............................. 1 1,027
4.375%, 03/16/21............................. 11 11,318
2.500%, 09/26/22............................. 113 107,702
1.125%, 11/20/25............................. EUR 500 590,228
1.500%, 07/24/27............................. EUR 350 413,825
4.200%, 12/13/27............................. AUD 1,800 1,326,468
7.875%, 02/15/30............................. 77 98,168
-----------
TOTAL UNITED KINGDOM............................. 33,342,136
-----------
UNITED STATES -- (39.3%)
21st Century Fox America, Inc.
3.700%, 09/15/24............................. $ 168 167,380
3M Co.
2.875%, 10/15/27............................. 168 158,840
Abbott Laboratories
2.000%, 03/15/20............................. 84 82,470
2.800%, 09/15/20............................. 2 1,987
3.250%, 04/15/23............................. 37 36,327
2.950%, 03/15/25............................. 146 138,473
AbbVie, Inc.
2.900%, 11/06/22............................. 33 32,117
3.600%, 05/14/25............................. 1,000 970,187
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Activision Blizzard, Inc.
3.400%, 06/15/27............................. 52 $ 49,253
Adobe Systems, Inc.
3.250%, 02/01/25............................. 22 21,632
Advance Auto Parts, Inc.
4.500%, 12/01/23............................. 14 14,330
AECOM
5.875%, 10/15/24............................. 500 520,675
5.125%, 03/15/27............................. 700 672,665
Aetna, Inc.
2.200%, 03/15/19............................. 4 3,979
2.750%, 11/15/22............................. 97 93,384
3.500%, 11/15/24............................. 63 61,443
Affiliated Managers Group, Inc.
3.500%, 08/01/25............................. 30 28,996
Aflac, Inc.
2.400%, 03/16/20............................. 13 12,829
3.250%, 03/17/25............................. 129 125,349
Air Products & Chemicals, Inc.
2.750%, 02/03/23............................. 11 10,754
Alabama Power Co.
2.800%, 04/01/25............................. 30 28,202
Albemarle Corp.
4.150%, 12/01/24............................. 86 87,345
Allstate Corp. (The)
3.150%, 06/15/23............................. 59 58,141
Ally Financial, Inc.
4.125%, 02/13/22............................. 750 745,312
Alphabet, Inc.
3.375%, 02/25/24............................. 53 53,228
1.998%, 08/15/26............................. 86 76,797
Altria Group, Inc.
4.750%, 05/05/21............................. 2 2,083
2.850%, 08/09/22............................. 46 44,809
Amazon.com, Inc.
3.800%, 12/05/24............................. 57 57,950
Ameren Corp.
2.700%, 11/15/20............................. 12 11,835
American Express Credit Corp.
2.250%, 05/05/21............................. 2 1,949
3.300%, 05/03/27............................. 131 125,215
American International Group, Inc.
3.300%, 03/01/21............................. 17 16,932
4.875%, 06/01/22............................. 17 17,778
4.125%, 02/15/24............................. 118 118,783
3.750%, 07/10/25............................. 95 92,982
3.900%, 04/01/26............................. 46 44,897
1.875%, 06/21/27............................. EUR 375 451,396
American Water Capital Corp.
3.850%, 03/01/24............................. 25 25,320
74
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Ameriprise Financial, Inc.
4.000%, 10/15/23............................. 43 $ 44,029
2.875%, 09/15/26............................. 65 60,546
AmerisourceBergen Corp.
3.400%, 05/15/24............................. 433 421,535
Amgen, Inc.
4.100%, 06/15/21............................. 82 83,891
3.625%, 05/22/24............................. 75 74,712
3.125%, 05/01/25............................. 37 35,341
2.600%, 08/19/26............................. 28 25,221
4.000%, 09/13/29............................. GBP 1,336 2,056,760
Analog Devices, Inc.
3.900%, 12/15/25............................. 35 34,792
3.500%, 12/05/26............................. 23 21,984
Anixter, Inc.
5.500%, 03/01/23............................. 590 612,125
Anthem, Inc.
3.125%, 05/15/22............................. 25 24,443
Anthem, Inc.
4.350%, 08/15/20............................. 13 13,333
3.500%, 08/15/24............................. 58 56,365
3.650%, 12/01/27............................. 1,000 950,889
Apache Corp.
3.250%, 04/15/22............................. 95 93,739
Apple, Inc.
2.250%, 02/23/21............................. 58 57,019
2.400%, 05/03/23............................. 334 320,718
3.450%, 05/06/24............................. 227 227,133
2.500%, 02/09/25............................. 53 49,737
0.875%, 05/24/25............................. EUR 4,000 4,847,015
3.250%, 02/23/26............................. 233 226,810
2.450%, 08/04/26............................. 200 183,464
3.350%, 02/09/27............................. 393 384,350
3.000%, 06/20/27............................. 64 60,798
3.000%, 11/13/27............................. 81 76,518
3.050%, 07/31/29............................. GBP 3,300 4,906,875
Applied Materials, Inc.
4.300%, 06/15/21............................. 7 7,235
3.300%, 04/01/27............................. 59 57,096
Archer-Daniels-Midland Co.
2.500%, 08/11/26............................. 58 52,688
Arconic, Inc.
5.900%, 02/01/27............................. 1,200 1,239,750
Arizona Public Service Co.
8.750%, 03/01/19............................. 2 2,100
3.150%, 05/15/25............................. 71 68,731
Arrow Electronics, Inc.
3.875%, 01/12/28............................. 45 42,319
Ashland LLC
4.750%, 08/15/22............................. 900 907,875
Assurant, Inc.
4.000%, 03/15/23............................. 75 74,783
AT&T, Inc.
3.000%, 02/15/22............................. 74 72,778
3.800%, 03/15/22............................. 59 59,554
3.950%, 01/15/25............................. 115 113,856
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
3.400%, 05/15/25............................. 253 $ 240,410
1.800%, 09/05/26............................. EUR 800 976,639
4.375%, 09/14/29............................. GBP 500 768,388
Autodesk, Inc.
3.125%, 06/15/20............................. 31 30,883
4.375%, 06/15/25............................. 35 35,481
3.500%, 06/15/27............................. 36 33,892
Automatic Data Processing, Inc.
3.375%, 09/15/25............................. 144 142,857
AutoZone, Inc.
2.875%, 01/15/23............................. 140 135,059
3.125%, 07/15/23............................. 15 14,600
3.250%, 04/15/25............................. 72 68,989
3.125%, 04/21/26............................. 1,187 1,104,185
Avnet, Inc.
4.625%, 04/15/26............................. 65 64,099
Baker Hughes a GE Co. LLC
3.200%, 08/15/21............................. 2 2,003
Ball Corp.
5.000%, 03/15/22............................. 645 668,381
Baltimore Gas & Electric Co.
2.800%, 08/15/22............................. 38 37,117
2.400%, 08/15/26............................. 8 7,256
Bank of America Corp.
3.300%, 01/11/23............................. 52 51,382
4.000%, 04/01/24............................. 72 72,966
7.000%, 07/31/28............................. GBP 1,000 1,910,203
Bank of America Corp. Floating Rate Note
## 3.419%, 12/20/28............................. 184 172,571
Bank of New York Mellon Corp. (The)
5.450%, 05/15/19............................. 5 5,144
3.650%, 02/04/24............................. 123 123,508
3.000%, 02/24/25............................. 330 315,647
2.800%, 05/04/26............................. 64 59,858
Baxter International, Inc.
1.700%, 08/15/21............................. 10 9,486
2.600%, 08/15/26............................. 49 44,107
Bed Bath & Beyond, Inc.
3.749%, 08/01/24............................. 7 5,977
Bemis Co., Inc.
4.500%, 10/15/21............................. 7 7,231
Berkshire Hathaway Energy Co.
2.400%, 02/01/20............................. 4 3,967
Berkshire Hathaway Finance Corp.
1.300%, 05/15/18............................. 2 1,999
3.000%, 05/15/22............................. 11 10,948
Berkshire Hathaway, Inc.
2.200%, 03/15/21............................. 22 21,612
3.750%, 08/15/21............................. 30 30,711
3.400%, 01/31/22............................. 37 37,521
75
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
3.000%, 02/11/23............................. 41 $ 40,776
3.125%, 03/15/26............................. 387 372,491
Biogen, Inc.
2.900%, 09/15/20............................. 172 171,175
BlackRock, Inc.
4.250%, 05/24/21............................. 23 23,806
3.200%, 03/15/27............................. 287 275,589
Boeing Co. (The)
8.750%, 08/15/21............................. 11 12,960
2.500%, 03/01/25............................. 75 70,190
2.600%, 10/30/25............................. 42 39,513
Booking Holdings, Inc.
2.375%, 09/23/24............................. EUR 1,000 1,292,378
3.600%, 06/01/26............................. 108 104,587
1.800%, 03/03/27............................. EUR 800 977,641
Boston Scientific Corp.
4.125%, 10/01/23............................. 17 17,276
Brinker International, Inc.
3.875%, 05/15/23............................. 1,250 1,181,250
Bristol-Myers Squibb Co.
2.000%, 08/01/22............................. 79 75,461
Brown & Brown, Inc.
4.200%, 09/15/24............................. 54 54,494
Brown-Forman Corp.
2.600%, 07/07/28............................. GBP 1,100 1,525,585
Buckeye Partners L.P.
4.150%, 07/01/23............................. 22 21,943
3.950%, 12/01/26............................. 87 81,838
Burlington Northern Santa Fe LLC
3.000%, 04/01/25............................. 50 48,300
7.000%, 12/15/25............................. 10 12,121
CA, Inc.
4.700%, 03/15/27............................. 205 206,163
Campbell Soup Co.
4.250%, 04/15/21............................. 12 12,324
2.500%, 08/02/22............................. 23 21,944
3.300%, 03/19/25............................. 47 44,916
4.150%, 03/15/28............................. 2,050 1,986,408
Capital One Financial Corp.
4.750%, 07/15/21............................. 23 23,894
3.750%, 04/24/24............................. 54 53,028
Cardinal Health, Inc.
4.625%, 12/15/20............................. 7 7,210
3.200%, 06/15/22............................. 45 44,181
3.410%, 06/15/27............................. 67 62,219
Caterpillar, Inc.
2.600%, 06/26/22............................. 30 29,241
3.400%, 05/15/24............................. 21 20,916
CBS Corp.
3.375%, 03/01/22............................. 27 26,745
3.500%, 01/15/25............................. 28 26,909
2.900%, 01/15/27............................. 269 240,464
7.875%, 07/30/30............................. 13 16,304
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Celgene Corp.
4.000%, 08/15/23............................. 96 $ 96,643
3.625%, 05/15/24............................. 52 50,828
CenterPoint Energy Resources Corp.
4.500%, 01/15/21............................. 18 18,473
CF Industries, Inc.
3.450%, 06/01/23............................. 1,048 995,600
Charles Schwab Corp. (The)
3.000%, 03/10/25............................. 99 95,010
Chemours Co. (The)
5.375%, 05/15/27............................. 1,000 990,000
Chevron Corp.
2.355%, 12/05/22............................. 52 50,218
3.191%, 06/24/23............................. 184 182,824
2.954%, 05/16/26............................. 133 127,054
Choice Hotels International, Inc.
5.750%, 07/01/22............................. 388 410,310
Chubb INA Holdings, Inc.
1.550%, 03/15/28............................. EUR 1,400 1,687,918
Cigna Corp.
4.000%, 02/15/22............................. 9 9,130
Cisco Systems, Inc.
3.625%, 03/04/24............................. 22 22,335
2.500%, 09/20/26............................. 1,000 924,796
CIT Group, Inc.
5.000%, 08/01/23............................. 800 812,000
5.250%, 03/07/25............................. 400 408,500
Citigroup, Inc.
4.500%, 01/14/22............................. 17 17,609
3.875%, 10/25/23............................. 33 33,132
3.750%, 06/16/24............................. 30 29,807
3.300%, 04/27/25............................. 90 86,188
5.150%, 05/21/26............................. GBP 1,323 2,167,795
Clorox Co. (The)
3.500%, 12/15/24............................. 37 36,901
CME Group, Inc.
3.000%, 03/15/25............................. 33 31,823
CMS Energy Corp.
3.875%, 03/01/24............................. 20 20,032
3.600%, 11/15/25............................. 37 36,142
3.000%, 05/15/26............................. 58 54,446
CNA Financial Corp.
5.750%, 08/15/21............................. 49 52,198
4.500%, 03/01/26............................. 75 76,816
CNO Financial Group, Inc.
5.250%, 05/30/25............................. 922 928,915
Coca-Cola Co. (The)
1.875%, 10/27/20............................. 215 210,132
3.300%, 09/01/21............................. 20 20,226
3.200%, 11/01/23............................. 252 251,315
2.250%, 09/01/26............................. 147 133,027
2.900%, 05/25/27............................. 275 260,974
76
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Colgate-Palmolive Co.
1.950%, 02/01/23............................. 81 $ 76,886
Comcast Cable Communications Holdings, Inc.
9.455%, 11/15/22............................. 35 43,792
Comcast Corp.
3.600%, 03/01/24............................. 51 50,816
3.375%, 08/15/25............................. 49 47,574
3.150%, 03/01/26............................. 102 97,033
Conagra Brands, Inc.
3.200%, 01/25/23............................. 54 52,985
ConocoPhillips Co.
2.400%, 12/15/22............................. 22 21,006
3.350%, 11/15/24............................. 52 50,993
4.950%, 03/15/26............................. 173 186,292
Consolidated Edison Co. of New York, Inc.
3.300%, 12/01/24............................. 15 14,712
Continental Resources, Inc.
4.500%, 04/15/23............................. 800 810,000
Corning, Inc.
3.700%, 11/15/23............................. 32 31,770
Cox Communications, Inc.
## 3.250%, 12/15/22............................. 26 25,349
## 3.850%, 02/01/25............................. 79 78,112
CSX Corp.
4.250%, 06/01/21............................. 9 9,249
CVS Health Corp.
2.800%, 07/20/20............................. 22 21,864
2.125%, 06/01/21............................. 15 14,472
3.375%, 08/12/24............................. 174 167,971
3.875%, 07/20/25............................. 104 102,260
Danaher Corp.
3.350%, 09/15/25............................. 17 16,835
Deere & Co.
5.375%, 10/16/29............................. 5 5,693
Discovery Communications LLC
## 2.800%, 06/15/20............................. 6 5,930
3.300%, 05/15/22............................. 16 15,749
## 3.500%, 06/15/22............................. 90 89,016
3.250%, 04/01/23............................. 7 6,775
## 3.900%, 11/15/24............................. 63 61,581
3.450%, 03/15/25............................. 66 63,005
Dollar General Corp.
3.250%, 04/15/23............................. 79 77,522
4.150%, 11/01/25............................. 13 13,123
Dominion Energy Gas Holdings LLC
2.800%, 11/15/20............................. 84 83,165
3.600%, 12/15/24............................. 37 36,367
Dominion Energy, Inc.
3.625%, 12/01/24............................. 15 14,751
3.900%, 10/01/25............................. 117 115,637
Dow Chemical Co. (The)
3.000%, 11/15/22............................. 31 30,186
3.500%, 10/01/24............................. 87 85,029
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Dr Pepper Snapple Group, Inc.
3.400%, 11/15/25............................. 20 $ 18,852
DTE Energy Co.
2.400%, 12/01/19............................. 25 24,659
3.850%, 12/01/23............................. 11 11,056
2.850%, 10/01/26............................. 500 454,006
Duke Energy Corp.
3.050%, 08/15/22............................. 131 128,501
3.750%, 04/15/24............................. 67 66,777
DXC Technology Co.
4.450%, 09/18/22............................. 37 37,691
Eastman Chemical Co.
2.700%, 01/15/20............................. 5 4,970
3.600%, 08/15/22............................. 3 2,995
3.800%, 03/15/25............................. 51 51,029
1.875%, 11/23/26............................. EUR 1,000 1,249,268
Eaton Vance Corp.
3.500%, 04/06/27............................. 17 16,554
eBay, Inc.
3.800%, 03/09/22............................. 87 87,952
2.600%, 07/15/22............................. 31 29,843
3.600%, 06/05/27............................. 115 108,951
Ecolab, Inc.
2.700%, 11/01/26............................. 52 47,954
Edgewell Personal Care Co.
4.700%, 05/24/22............................. 1,185 1,154,901
EI du Pont de Nemours & Co.
4.625%, 01/15/20............................. 2 2,057
EMC Corp.
3.375%, 06/01/23............................. 1,255 1,170,875
Emerson Electric Co.
3.150%, 06/01/25............................. 62 60,641
Energy Transfer Partners L.P.
4.750%, 01/15/26............................. 67 66,857
Enterprise Products Operating LLC
5.200%, 09/01/20............................. 6 6,266
3.900%, 02/15/24............................. 24 24,103
3.750%, 02/15/25............................. 23 22,805
3.700%, 02/15/26............................. 62 60,633
EOG Resources, Inc.
4.100%, 02/01/21............................. 20 20,389
2.625%, 03/15/23............................. 44 42,034
3.150%, 04/01/25............................. 79 75,818
EQT Corp.
3.900%, 10/01/27............................. 500 475,672
ERAC USA Finance LLC
## 3.850%, 11/15/24............................. 1,388 1,383,478
Eversource Energy
2.500%, 03/15/21............................. 6 5,885
2.800%, 05/01/23............................. 55 52,889
Exelon Corp.
2.450%, 04/15/21............................. 15 14,549
77
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
3.950%, 06/15/25............................. 27 $ 26,780
3.400%, 04/15/26............................. 1,225 1,170,512
Exelon Generation Co. LLC
2.950%, 01/15/20............................. 10 9,964
Express Scripts Holding Co.
3.900%, 02/15/22............................. 56 56,209
3.500%, 06/15/24............................. 97 92,894
3.400%, 03/01/27............................. 174 160,112
Exxon Mobil Corp.
3.176%, 03/15/24............................. 385 383,594
3.043%, 03/01/26............................. 58 56,081
FedEx Corp.
2.625%, 08/01/22............................. 51 49,506
4.000%, 01/15/24............................. 99 101,315
3.200%, 02/01/25............................. 44 42,433
1.625%, 01/11/27............................. EUR 1,000 1,220,651
Fidelity National Information Services, Inc.
2.250%, 08/15/21............................. 45 43,385
5.000%, 10/15/25............................. 35 36,923
Gap, Inc. (The)
5.950%, 04/12/21............................. 315 331,405
GATX Corp.
3.250%, 03/30/25............................. 60 56,438
3.250%, 09/15/26............................. 32 29,586
General Dynamics Corp.
2.250%, 11/15/22............................. 56 53,508
2.125%, 08/15/26............................. 86 76,478
General Electric Co.
0.375%, 05/17/22............................. EUR 135 162,058
3.375%, 03/11/24............................. 37 36,066
0.875%, 05/17/25............................. EUR 500 588,730
6.750%, 03/15/32............................. 221 270,988
General Mills, Inc.
3.150%, 12/15/21............................. 9 8,920
General Motors Financial Co., Inc.
2.250%, 09/06/24............................. GBP 950 1,277,767
5.250%, 03/01/26............................. 208 216,236
4.350%, 01/17/27............................. 58 56,447
Georgia Power Co.
2.850%, 05/15/22............................. 21 20,514
3.250%, 03/30/27............................. 154 146,414
Gilead Sciences, Inc.
2.050%, 04/01/19............................. 2 1,990
4.400%, 12/01/21............................. 17 17,644
3.700%, 04/01/24............................. 124 124,963
3.650%, 03/01/26............................. 57 56,319
Goldman Sachs Group, Inc. (The)
5.250%, 07/27/21............................. 26 27,486
4.000%, 03/03/24............................. 250 250,830
3.750%, 05/22/25............................. 87 84,975
1.625%, 07/27/26............................. EUR 1,175 1,421,851
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
Goodyear Tire & Rubber Co. (The)
4.875%, 03/15/27............................. 1,239 $1,160,014
Great Plains Energy, Inc.
4.850%, 06/01/21............................. 29 29,903
Halliburton Co.
3.500%, 08/01/23............................. 75 74,665
3.800%, 11/15/25............................. 29 28,775
Hanesbrands, Inc.
## 4.875%, 05/15/26............................. 1,300 1,254,500
Harley-Davidson, Inc.
3.500%, 07/28/25............................. 42 40,801
Harris Corp.
2.700%, 04/27/20............................. 6 5,950
Hartford Financial Services Group, Inc. (The)
5.125%, 04/15/22............................. 79 83,695
Hewlett Packard Enterprise Co.
4.900%, 10/15/25............................. 35 35,959
Home Depot, Inc. (The)
2.700%, 04/01/23............................. 15 14,621
3.350%, 09/15/25............................. 43 42,382
Honeywell International, Inc.
2.500%, 11/01/26............................. 102 93,299
Hormel Foods Corp.
4.125%, 04/15/21............................. 17 17,463
Humana, Inc.
3.850%, 10/01/24............................. 91 90,979
Huntington Bancshares, Inc.
3.150%, 03/14/21............................. 18 17,920
2.300%, 01/14/22............................. 38 36,518
Hyatt Hotels Corp.
3.375%, 07/15/23............................. 23 22,585
Illinois Tool Works, Inc.
1.950%, 03/01/19............................. 4 3,982
3.500%, 03/01/24............................. 75 75,611
Indiana Michigan Power Co.
7.000%, 03/15/19............................. 3 3,105
Intel Corp.
2.700%, 12/15/22............................. 11 10,775
International Business Machines Corp.
2.250%, 02/19/21............................. 231 226,979
3.625%, 02/12/24............................. 112 112,207
3.300%, 01/27/27............................. 306 297,149
1.750%, 03/07/28............................. EUR 1,000 1,264,079
International Paper Co.
3.650%, 06/15/24............................. 92 90,505
3.800%, 01/15/26............................. 12 11,686
Interpublic Group of Cos., Inc. (The)
4.200%, 04/15/24............................. 546 549,075
ITC Holdings Corp.
3.650%, 06/15/24............................. 113 111,417
78
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
Janus Capital Group, Inc.
4.875%, 08/01/25............................. 106 $ 109,768
Jefferies Group LLC / Jefferies Group Capital
Finance, Inc.
4.850%, 01/15/27............................. 57 56,841
JM Smucker Co. (The)
3.500%, 03/15/25............................. 58 56,318
John Deere Capital Corp.
2.550%, 01/08/21............................. 112 110,218
3.350%, 06/12/24............................. 672 664,580
Johnson & Johnson
1.650%, 03/01/21............................. 17 16,509
3.375%, 12/05/23............................. 75 75,742
2.450%, 03/01/26............................. 38 35,277
2.950%, 03/03/27............................. 700 669,825
JPMorgan Chase & Co.
4.350%, 08/15/21............................. 23 23,765
3.625%, 05/13/24............................. 142 140,932
3.900%, 07/15/25............................. 129 128,194
Juniper Networks, Inc.
4.600%, 03/15/21............................. 30 30,644
4.500%, 03/15/24............................. 49 49,790
Kellogg Co.
1.250%, 03/10/25............................. EUR 500 603,211
3.250%, 04/01/26............................. 661 622,959
7.450%, 04/01/31............................. 61 77,441
KeyCorp
2.900%, 09/15/20............................. 17 16,879
5.100%, 03/24/21............................. 16 16,787
Kimberly-Clark Corp.
1.900%, 05/22/19............................. 6 5,962
2.400%, 06/01/23............................. 22 21,121
Kohl's Corp.
4.750%, 12/15/23............................. 17 17,509
Kraft Heinz Foods Co.
3.500%, 06/06/22............................. 107 106,438
3.950%, 07/15/25............................. 135 132,778
4.125%, 07/01/27............................. GBP 1,600 2,385,476
Kroger Co. (The)
3.850%, 08/01/23............................. 39 39,043
7.500%, 04/01/31............................. 90 112,263
L Brands, Inc.
5.625%, 02/15/22............................. 950 985,720
L3 Technologies, Inc.
4.750%, 07/15/20............................. 6 6,205
3.950%, 05/28/24............................. 29 28,884
Laboratory Corp. of America Holdings
4.000%, 11/01/23............................. 45 45,419
Lam Research Corp.
3.800%, 03/15/25............................. 1,000 992,373
Legg Mason, Inc.
3.950%, 07/15/24............................. 55 54,327
4.750%, 03/15/26............................. 23 23,684
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Lennar Corp.
4.750%, 05/30/25............................. 465 $ 452,213
Liberty Mutual Group, Inc.
## 5.000%, 06/01/21............................. 78 81,104
2.750%, 05/04/26............................. EUR 1,700 2,196,228
Lockheed Martin Corp.
2.900%, 03/01/25............................. 552 523,777
3.550%, 01/15/26............................. 56 55,137
Loews Corp.
2.625%, 05/15/23............................. 44 42,171
3.750%, 04/01/26............................. 125 124,004
Lowe's Cos., Inc.
3.120%, 04/15/22............................. 3 3,004
3.375%, 09/15/25............................. 61 59,941
Macy's Retail Holdings, Inc.
3.625%, 06/01/24............................. 750 718,020
Magellan Midstream Partners L.P.
4.250%, 02/01/21............................. 18 18,350
Marathon Petroleum Corp.
3.625%, 09/15/24............................. 96 94,274
Marriott International, Inc.
2.875%, 03/01/21............................. 12 11,879
Marsh & McLennan Cos., Inc.
2.350%, 09/10/19............................. 6 5,950
3.500%, 06/03/24............................. 97 95,510
MasterCard, Inc.
3.375%, 04/01/24............................. 21 21,026
Mattel, Inc.
2.350%, 05/06/19............................. 7 6,860
Maxim Integrated Products, Inc.
3.450%, 06/15/27............................. 69 66,119
McDonald's Corp.
2.200%, 05/26/20............................. 9 8,877
3.500%, 07/15/20............................. 57 57,649
2.625%, 01/15/22............................. 22 21,597
2.875%, 12/17/25............................. EUR 600 815,912
5.875%, 04/23/32............................. GBP 750 1,374,519
McKesson Corp.
3.796%, 03/15/24............................. 51 50,623
3.125%, 02/17/29............................. GBP 1,670 2,332,956
Mead Johnson Nutrition Co.
4.125%, 11/15/25............................. 69 70,083
Merck & Co., Inc.
2.800%, 05/18/23............................. 161 157,207
2.750%, 02/10/25............................. 136 129,943
Meritage Homes Corp.
6.000%, 06/01/25............................. 1,000 1,031,250
MetLife, Inc.
3.600%, 04/10/24............................. 189 189,014
3.000%, 03/01/25............................. 1,500 1,424,168
MGM Resorts International
7.750%, 03/15/22............................. 850 942,437
4.625%, 09/01/26............................. 105 99,356
79
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
Microsoft Corp.
1.625%, 12/06/18............................. 11 $ 10,958
3.000%, 10/01/20............................. 12 12,097
2.000%, 11/03/20............................. 100 98,302
3.625%, 12/15/23............................. 109 111,015
2.700%, 02/12/25............................. 22 21,052
3.125%, 11/03/25............................. 36 35,119
2.400%, 08/08/26............................. 346 317,710
3.300%, 02/06/27............................. 288 281,761
Mobil Corp.
8.625%, 08/15/21............................. 15 17,620
Molson Coors Brewing Co.
3.500%, 05/01/22............................. 33 32,848
1.250%, 07/15/24............................. EUR 1,200 1,447,373
3.000%, 07/15/26............................. 87 79,645
Monsanto Co.
1.850%, 11/15/18............................. 34 33,850
2.125%, 07/15/19............................. 3 2,973
5.500%, 08/15/25............................. 26 28,115
Morgan Stanley
2.500%, 04/21/21............................. 29 28,332
5.500%, 07/28/21............................. 10 10,625
3.875%, 04/29/24............................. 140 140,115
3.875%, 01/27/26............................. 192 189,053
1.375%, 10/27/26............................. EUR 2,550 3,027,636
Mosaic Co. (The)
4.250%, 11/15/23............................. 46 46,076
4.050%, 11/15/27............................. 1,000 944,198
Motorola Solutions, Inc.
3.750%, 05/15/22............................. 37 36,789
3.500%, 03/01/23............................. 37 36,200
Murphy Oil Corp.
4.000%, 06/01/22............................. 1,100 1,075,250
Nasdaq, Inc.
4.250%, 06/01/24............................. 33 33,268
National Oilwell Varco, Inc.
2.600%, 12/01/22............................. 94 89,557
National Rural Utilities Cooperative Finance
Corp.
8.000%, 03/01/32............................. 32 44,511
NetApp, Inc.
3.250%, 12/15/22............................. 13 12,697
Newell Brands, Inc.
4.000%, 06/15/22............................. 76 75,700
Newfield Exploration Co.
5.375%, 01/01/26............................. 800 827,200
NextEra Energy Capital Holdings, Inc.
4.500%, 06/01/21............................. 10 10,300
3.550%, 05/01/27............................. 59 56,624
NIKE, Inc.
2.375%, 11/01/26............................. 328 299,361
NiSource, Inc.
3.850%, 02/15/23............................. 27 27,172
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
Noble Energy, Inc.
4.150%, 12/15/21............................. 20 $ 20,328
3.900%, 11/15/24............................. 18 17,870
Nordstrom, Inc.
4.750%, 05/01/20............................. 16 16,454
4.000%, 10/15/21............................. 11 11,132
4.000%, 03/15/27............................. 148 141,921
Norfolk Southern Corp.
2.903%, 02/15/23............................. 52 50,699
Northern Trust Corp.
3.375%, 08/23/21............................. 22 22,225
Northrop Grumman Corp.
3.250%, 08/01/23............................. 12 11,830
NuStar Logistics L.P.
5.625%, 04/28/27............................. 730 691,449
Nuveen Finance LLC
## 4.125%, 11/01/24............................. 32 32,086
O'Reilly Automotive, Inc.
3.800%, 09/01/22............................. 8 8,120
3.600%, 09/01/27............................. 500 474,367
Occidental Petroleum Corp.
2.700%, 02/15/23............................. 5 4,852
3.400%, 04/15/26............................. 85 83,072
3.000%, 02/15/27............................. 1,376 1,303,088
Ohio Power Co.
5.375%, 10/01/21............................. 27 28,767
Omnicom Group, Inc. / Omnicom Capital, Inc.
3.650%, 11/01/24............................. 38 37,243
ONE Gas, Inc.
2.070%, 02/01/19............................. 6 5,978
ONEOK, Inc.
4.000%, 07/13/27............................. 77 74,748
Oracle Corp.
2.500%, 10/15/22............................. 22 21,356
2.950%, 05/15/25............................. 325 311,273
2.650%, 07/15/26............................. 465 430,168
3.250%, 11/15/27............................. 56 53,738
Pacific Gas & Electric Co.
3.850%, 11/15/23............................. 37 36,985
3.750%, 02/15/24............................. 76 75,159
3.500%, 06/15/25............................. 50 48,118
Packaging Corp. of America
4.500%, 11/01/23............................. 45 46,270
Parker-Hannifin Corp.
3.300%, 11/21/24............................. 71 70,232
PepsiCo, Inc.
2.150%, 10/14/20............................. 75 73,822
2.750%, 03/05/22............................. 33 32,582
2.750%, 03/01/23............................. 52 50,932
3.500%, 07/17/25............................. 75 74,725
Pfizer, Inc.
3.000%, 06/15/23............................. 22 21,912
3.400%, 05/15/24............................. 75 74,702
3.000%, 12/15/26............................. 492 470,724
80
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
Philip Morris International, Inc.
3.250%, 11/10/24............................. 68 $ 65,994
Phillips 66
4.300%, 04/01/22............................. 49 50,705
Phillips 66 Partners L.P.
3.550%, 10/01/26............................. 752 709,121
Plains All American Pipeline L.P. / PAA Finance
Corp.
4.650%, 10/15/25............................. 800 800,712
PNC Financial Services Group, Inc. (The)
4.375%, 08/11/20............................. 3 3,077
3.300%, 03/08/22............................. 9 8,963
PolyOne Corp.
5.250%, 03/15/23............................. 1,000 1,023,750
PPG Industries, Inc.
3.750%, 03/15/28............................. 750 742,822
PPL Capital Funding, Inc.
3.400%, 06/01/23............................. 57 55,953
Praxair, Inc.
2.200%, 08/15/22............................. 9 8,624
Precision Castparts Corp.
2.500%, 01/15/23............................. 91 87,937
3.250%, 06/15/25............................. 362 353,789
Principal Financial Group, Inc.
3.125%, 05/15/23............................. 52 50,765
3.100%, 11/15/26............................. 53 49,652
Private Export Funding Corp.
4.300%, 12/15/21............................. 11 11,532
Procter & Gamble Co. (The)
1.850%, 02/02/21............................. 18 17,521
2.450%, 11/03/26............................. 13 11,980
2.850%, 08/11/27............................. 150 141,413
1.800%, 05/03/29............................. GBP 4,800 6,332,200
Progress Energy, Inc.
4.875%, 12/01/19............................. 6 6,146
4.400%, 01/15/21............................. 27 27,639
7.000%, 10/30/31............................. 630 801,046
Progressive Corp. (The)
3.750%, 08/23/21............................. 51 51,881
Prudential Financial, Inc.
4.500%, 11/15/20............................. 4 4,130
3.500%, 05/15/24............................. 1,712 1,705,650
PSEG Power LLC
2.450%, 11/15/18............................. 6 5,987
5.125%, 04/15/20............................. 26 26,902
4.300%, 11/15/23............................. 68 69,139
Puget Energy, Inc.
6.000%, 09/01/21............................. 92 98,703
PulteGroup, Inc.
4.250%, 03/01/21............................. 500 502,550
5.000%, 01/15/27............................. 500 487,000
QEP Resources, Inc.
5.375%, 10/01/22............................. 750 750,000
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
QUALCOMM, Inc.
2.250%, 05/20/20............................. 6 $ 5,905
3.450%, 05/20/25............................. 1,631 1,560,790
Quest Diagnostics, Inc.
3.500%, 03/30/25............................. 4 3,893
Radian Group, Inc.
7.000%, 03/15/21............................. 96 102,720
4.500%, 10/01/24............................. 1,200 1,146,000
Raytheon Co.
3.125%, 10/15/20............................. 47 47,202
2.500%, 12/15/22............................. 16 15,491
Reinsurance Group of America, Inc.
5.000%, 06/01/21............................. 11 11,438
4.700%, 09/15/23............................. 45 46,298
3.950%, 09/15/26............................. 111 108,949
Republic Services, Inc.
5.500%, 09/15/19............................. 2 2,070
3.550%, 06/01/22............................. 52 52,028
Reynolds American, Inc.
6.875%, 05/01/20............................. 47 50,220
Rockwell Automation, Inc.
2.875%, 03/01/25............................. 67 63,794
Roper Technologies, Inc.
3.000%, 12/15/20............................. 15 14,912
Ryder System, Inc.
2.450%, 09/03/19............................. 1 993
SCANA Corp.
4.125%, 02/01/22............................. 23 22,660
Sealed Air Corp.
## 4.875%, 12/01/22............................. 900 913,500
Sempra Energy
2.850%, 11/15/20............................. 62 61,264
4.050%, 12/01/23............................. 49 49,832
3.550%, 06/15/24............................. 76 74,780
Sherwin-Williams Co. (The)
3.450%, 08/01/25............................. 53 51,373
Southern Co. (The)
3.250%, 07/01/26............................. 56 52,564
Southern Power Co.
4.150%, 12/01/25............................. 17 17,180
1.850%, 06/20/26............................. EUR 1,200 1,481,103
Southwest Airlines Co.
2.650%, 11/05/20............................. 60 59,245
3.000%, 11/15/26............................. 107 100,345
Spectra Energy Partners L.P.
4.750%, 03/15/24............................. 22 22,559
StanCorp Financial Group, Inc.
5.000%, 08/15/22............................. 37 38,719
Starbucks Corp.
3.850%, 10/01/23............................. 14 14,343
State Street Corp.
4.375%, 03/07/21............................. 24 24,898
1.950%, 05/19/21............................. 28 27,103
3.300%, 12/16/24............................. 163 160,285
3.550%, 08/18/25............................. 96 95,401
81
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
Stryker Corp.
2.625%, 03/15/21............................. 10 $ 9,864
3.375%, 05/15/24............................. 6 5,917
3.375%, 11/01/25............................. 109 106,557
SunTrust Banks, Inc.
2.900%, 03/03/21............................. 40 39,588
Sysco Corp.
2.600%, 10/01/20............................. 35 34,601
3.300%, 07/15/26............................. 23 21,962
Tapestry, Inc.
4.250%, 04/01/25............................. 196 192,540
Target Corp.
2.900%, 01/15/22............................. 42 41,828
2.500%, 04/15/26............................. 52 47,439
TD Ameritrade Holding Corp.
5.600%, 12/01/19............................. 2 2,080
2.950%, 04/01/22............................. 21 20,635
3.625%, 04/01/25............................. 86 85,619
Texas Instruments, Inc.
2.250%, 05/01/23............................. 8 7,668
Thermo Fisher Scientific, Inc.
2.000%, 04/15/25............................. EUR 1,000 1,271,433
Time Warner, Inc.
4.750%, 03/29/21............................. 13 13,512
4.000%, 01/15/22............................. 13 13,207
3.550%, 06/01/24............................. 52 50,804
3.600%, 07/15/25............................. 998 963,886
3.800%, 02/15/27............................. 653 631,215
Toll Brothers Finance Corp.
4.875%, 03/15/27............................. 500 486,250
4.350%, 02/15/28............................. 800 740,000
Total System Services, Inc.
4.800%, 04/01/26............................. 69 71,692
Travelers Cos., Inc. (The)
3.900%, 11/01/20............................. 69 70,197
TRI Pointe Group, Inc. / TRI Pointe Homes, Inc.
5.875%, 06/15/24............................. 1,300 1,317,875
Tyson Foods, Inc.
4.500%, 06/15/22............................. 65 67,235
U.S. Bancorp
2.350%, 01/29/21............................. 9 8,836
Under Armour, Inc.
3.250%, 06/15/26............................. 750 665,729
Union Pacific Corp.
2.250%, 02/15/19............................. 4 3,988
2.750%, 04/15/23............................. 7 6,780
3.250%, 01/15/25............................. 111 108,792
United Continental Holdings, Inc.
4.250%, 10/01/22............................. 1,400 1,363,600
United Technologies Corp.
3.100%, 06/01/22............................. 2 1,977
7.500%, 09/15/29............................. 7 8,968
UnitedHealth Group, Inc.
2.750%, 02/15/23............................. 101 98,069
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
2.875%, 03/15/23............................. 67 $ 65,367
3.750%, 07/15/25............................. 137 136,854
Unum Group
4.000%, 03/15/24............................. 59 59,159
3.875%, 11/05/25............................. 23 22,307
Valero Energy Corp.
3.400%, 09/15/26............................. 46 43,933
VeriSign, Inc.
5.250%, 04/01/25............................. 1,007 1,030,292
Verizon Communications, Inc.
3.500%, 11/01/24............................. 14 13,748
3.376%, 02/15/25............................. 194 188,326
2.625%, 08/15/26............................. 24 21,530
1.375%, 10/27/26............................. EUR 1,000 1,197,934
Viacom, Inc.
2.750%, 12/15/19............................. 3 2,972
4.500%, 03/01/21............................. 22 22,585
4.250%, 09/01/23............................. 7 7,037
3.875%, 04/01/24............................. 57 55,801
Visa, Inc.
3.150%, 12/14/25............................. 170 165,615
Wal-Mart Stores, Inc.
2.550%, 04/08/26............................. EUR 1,300 1,753,469
Walgreen Co.
3.100%, 09/15/22............................. 80 78,129
Walgreens Boots Alliance, Inc.
3.300%, 11/18/21............................. 150 149,391
3.450%, 06/01/26............................. 35 32,800
2.125%, 11/20/26............................. EUR 1,700 2,111,838
Walmart, Inc.
2.550%, 04/11/23............................. 79 76,614
3.300%, 04/22/24............................. 78 77,998
5.750%, 12/19/30............................. GBP 1,100 2,064,677
Walt Disney Co. (The)
3.150%, 09/17/25............................. 75 73,527
Waste Management, Inc.
4.600%, 03/01/21............................. 21 21,759
3.500%, 05/15/24............................. 58 57,506
3.125%, 03/01/25............................. 40 38,354
WEC Energy Group, Inc.
2.450%, 06/15/20............................. 19 18,730
3.550%, 06/15/25............................. 52 51,036
Wells Fargo & Co.
2.600%, 07/22/20............................. 3 2,969
3.500%, 03/08/22............................. 102 101,824
3.000%, 02/19/25............................. 190 178,352
3.000%, 04/22/26............................. 32 29,523
2.000%, 04/27/26............................. EUR 800 1,010,492
1.375%, 10/26/26............................. EUR 500 599,468
Western Gas Partners L.P.
4.000%, 07/01/22............................. 700 693,519
Western Power Distribution South West P.L.C.
5.875%, 03/25/27............................. GBP 900 1,546,921
82
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Western Union Co. (The)
5.253%, 04/01/20............................. 27 $ 27,900
WestRock MWV LLC
8.200%, 01/15/30............................. 180 241,069
Whirlpool Corp.
4.700%, 06/01/22............................. 22 22,906
3.700%, 05/01/25............................. 145 142,804
Whirlpool Finance Luxembourg Sarl
1.250%, 11/02/26............................. EUR 1,200 1,447,960
Williams Cos., Inc. (The)
7.875%, 09/01/21............................. 498 552,780
Williams Partners L.P.
4.000%, 09/15/25............................. 136 132,077
3.750%, 06/15/27............................. 16 15,036
Wisconsin Electric Power Co.
3.100%, 06/01/25............................. 37 35,762
Wm Wrigley Jr Co.
## 2.900%, 10/21/19............................. 2 1,999
WR Grace & Co.
## 5.125%, 10/01/21............................. 810 832,105
Wyndham Worldwide Corp.
3.900%, 03/01/23............................. 88 83,366
Xerox Corp.
4.070%, 03/17/22............................. 13 12,910
3.800%, 05/15/24............................. 50 48,439
Xilinx, Inc.
3.000%, 03/15/21............................. 11 10,895
Zimmer Biomet Holdings, Inc.
3.550%, 04/01/25............................. 731 703,523
Zoetis, Inc.
3.000%, 09/12/27............................. 62 57,308
------------
TOTAL UNITED STATES.............................. 160,387,093
------------
TOTAL BONDS...................................... 372,327,251
------------
AGENCY OBLIGATIONS -- (4.2%)
Federal Farm Credit Bank
5.320%, 09/03/19............................. 74 76,793
5.150%, 11/15/19............................. 61 63,434
4.670%, 05/07/20............................. 19 19,779
5.350%, 08/07/20............................. 23 24,372
3.650%, 12/21/20............................. 152 155,719
5.250%, 03/02/21............................. 21 22,439
5.220%, 02/22/22............................. 17 18,460
5.210%, 12/19/22............................. 73 80,245
4.800%, 02/13/23............................. 7 7,584
5.250%, 03/06/23............................. 21 23,194
5.220%, 05/15/23............................. 166 183,648
2.630%, 08/03/26............................. 67 64,411
5.770%, 01/05/27............................. 22 26,272
Federal Home Loan Bank
1.500%, 03/08/19............................. 130 129,167
1.875%, 03/08/19............................. 195 194,363
5.375%, 05/15/19............................. 195 201,087
1.625%, 06/14/19............................. 185 183,453
FACE
AMOUNT^ VALUE+
------- ------
(000)
4.125%, 03/13/20............................. 310 $ 318,754
3.000%, 03/18/20............................. 65 65,518
3.375%, 06/12/20............................. 100 101,616
2.875%, 09/11/20............................. 50 50,209
4.625%, 09/11/20............................. 90 94,168
3.125%, 12/11/20............................. 20 20,200
5.250%, 12/11/20............................. 25 26,658
1.750%, 03/12/21............................. 140 136,269
5.000%, 03/12/21............................. 20 21,284
2.250%, 06/11/21............................. 240 235,827
3.625%, 06/11/21............................. 35 35,944
5.625%, 06/11/21............................. 130 141,052
2.375%, 09/10/21............................. 135 133,536
3.000%, 09/10/21............................. 110 111,012
5.000%, 12/10/21............................. 155 166,466
2.250%, 03/11/22............................. 35 34,279
2.500%, 03/11/22............................. 40 39,603
5.250%, 06/10/22............................. 30 32,927
5.750%, 06/10/22............................. 65 72,511
2.000%, 09/09/22............................. 55 53,133
5.375%, 09/30/22............................. 220 243,288
5.250%, 12/09/22............................. 50 55,329
4.750%, 03/10/23............................. 170 184,105
3.250%, 06/09/23............................. 120 122,066
2.500%, 12/08/23............................. 115 112,356
3.250%, 03/08/24............................. 345 349,827
2.875%, 06/14/24............................. 55 54,705
5.375%, 08/15/24............................. 65 73,753
2.875%, 09/13/24............................. 760 753,604
2.750%, 12/13/24............................. 880 864,651
4.375%, 03/13/26............................. 70 75,351
5.750%, 06/12/26............................. 140 166,188
Federal Home Loan Mortgage Corp.
6.750%, 09/15/29............................. 216 286,326
6.750%, 03/15/31............................. 260 352,341
6.250%, 07/15/32............................. 243 322,332
Federal National Mortgage Association
1.500%, 06/22/20............................. 53 51,824
1.250%, 05/06/21............................. 58 55,667
2.000%, 01/05/22............................. 266 258,509
2.375%, 01/19/23............................. 450 440,018
2.625%, 09/06/24............................. 1,769 1,728,777
2.125%, 04/24/26............................. 730 679,752
1.875%, 09/24/26............................. 1,171 1,059,845
6.250%, 05/15/29............................. 616 784,047
7.125%, 01/15/30............................. 75 102,631
7.250%, 05/15/30............................. 249 345,649
6.625%, 11/15/30............................. 1,288 1,721,104
Tennessee Valley Authority
1.750%, 10/15/18............................. 37 36,929
1.875%, 08/15/22............................. 442 425,102
2.875%, 09/15/24............................. 646 639,145
6.750%, 11/01/25............................. 296 367,895
83
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
2.875%, 02/01/27............................. 196 $ 190,166
7.125%, 05/01/30............................. 498 683,444
-----------
TOTAL AGENCY OBLIGATIONS......................... 16,952,112
-----------
U.S. TREASURY OBLIGATIONS -- (4.6%)
U.S. Treasury Bonds
7.500%, 11/15/24............................. 577 736,201
6.875%, 08/15/25............................. 466 588,086
6.000%, 02/15/26............................. 516 626,819
6.625%, 02/15/27............................. 522 671,485
6.125%, 11/15/27............................. 344 434,251
5.250%, 11/15/28............................. 426 513,821
5.250%, 02/15/29............................. 1,165 1,410,379
6.125%, 08/15/29............................. 299 389,329
6.250%, 05/15/30............................. 300 399,778
5.375%, 02/15/31............................. 1,282 1,608,559
FACE
AMOUNT^ VALUE+
------- ------
(000)
U.S. Treasury Notes
2.125%, 12/31/22............................. 289 $ 280,445
1.250%, 07/31/23............................. 462 426,682
2.750%, 02/15/24............................. 828 822,848
2.500%, 05/15/24............................. 1,132 1,108,368
2.250%, 11/15/24............................. 791 760,661
2.000%, 02/15/25............................. 289 272,551
2.125%, 05/15/25............................. 1,270 1,206,433
2.000%, 08/15/25............................. 1,952 1,833,625
2.250%, 11/15/25............................. 805 767,989
1.625%, 02/15/26............................. 751 682,404
1.625%, 05/15/26............................. 1,467 1,329,116
1.500%, 08/15/26............................. 1,213 1,084,419
2.250%, 11/15/27............................. 982 924,677
------------
TOTAL U.S. TREASURY OBLIGATIONS.................. 18,878,926
------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $417,036,206)............................ $408,158,289
============
At April 30, 2018, DFA Global Core Plus Fixed Income Portfolio had entered into
the following forward currency contracts and the net unrealized forward
currency gain (loss) is reflected in the accompanying financial statements:
UNREALIZED
FOREIGN
EXCHANGE
SETTLEMENT APPRECIATION
CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION)
------------------ ----------------- --------------------------- ------------------ --------------
USD 1,175,096 EUR 966,106 State Street Bank and Trust 07/06/18 $ 2,610
USD 2,215,165 EUR 1,786,630 State Street Bank and Trust 07/06/18 46,874
USD 2,354,528 EUR 1,938,905 Citibank, N.A. 07/06/18 1,433
USD 143,781,323 EUR 116,070,716 State Street Bank and Trust 07/06/18 2,915,502
USD 1,049,488 JPY 113,834,150 Citibank, N.A. 07/11/18 3,109
USD 5,561,375 AUD 7,176,485 State Street Bank and Trust 07/11/18 157,108
USD 14,362,658 CAD 18,067,784 Citibank, N.A. 07/11/18 267,217
USD 28,531,676 JPY 3,040,385,072 State Street Bank and Trust 07/11/18 584,044
USD 3,002,101 DKK 18,020,388 Citibank, N.A. 07/13/18 64,777
USD 5,950,587 SEK 49,825,296 Citibank, N.A. 07/13/18 228,702
USD 59,406,528 GBP 41,505,764 State Street Bank and Trust 07/13/18 2,063,330
----------
TOTAL APPRECIATION $6,334,706
DKK 190,980 USD 31,388 Citibank, N.A. 07/13/18 $ (258)
SEK 615,957 USD 72,410 Citibank, N.A. 07/13/18 (1,674)
----------
TOTAL (DEPRECIATION) $ (1,932)
----------
TOTAL APPRECIATION
(DEPRECIATION) $6,332,774
==========
84
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO
CONTINUED
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
-----------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- ------------ ------- ------------
Bonds
Australia.......... -- $14,954,737 -- $ 14,954,737
Austria............ -- 22,984 -- 22,984
Belgium............ -- 2,257,874 -- 2,257,874
Canada............. -- 19,568,858 -- 19,568,858
Denmark............ -- 5,733,550 -- 5,733,550
Finland............ -- 927,500 -- 927,500
France............. -- 26,230,506 -- 26,230,506
Germany............ -- 18,100,327 -- 18,100,327
Ireland............ -- 1,315,941 -- 1,315,941
Italy.............. -- 4,907,740 -- 4,907,740
Japan.............. -- 862,809 -- 862,809
Luxembourg......... -- 1,547,840 -- 1,547,840
Netherlands........ -- 26,909,382 -- 26,909,382
Norway............. -- 191,810 -- 191,810
Spain.............. -- 2,441,855 -- 2,441,855
Supranational
Organization
Obligations...... -- 26,687,228 -- 26,687,228
Sweden............. -- 11,618,328 -- 11,618,328
Switzerland........ -- 14,318,753 -- 14,318,753
United Kingdom..... -- 33,342,136 -- 33,342,136
United States...... -- 160,387,093 -- 160,387,093
Agency Obligations.. -- 16,952,112 -- 16,952,112
U.S. Treasury
Obligations........ -- 18,878,926 -- 18,878,926
Forward Currency
Contracts**........ -- 6,332,774 -- 6,332,774
-- ------------ -- ------------
TOTAL............... -- $414,491,063 -- $414,491,063
== ============ == ============
**Valued at the unrealized appreciation/(depreciation) on the investment.
See accompanying Notes to Financial Statements.
85
DFA INVESTMENT GRADE PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT^ VALUE+
------- ------
(000)
BONDS -- (52.5%)
AUSTRALIA -- (1.7%)
ANZ New Zealand International Ltd.
## 3.450%, 07/17/27............................. 6,000 $ 5,761,144
Australia & New Zealand Banking Group, Ltd.
3.700%, 11/16/25............................. 6,110 6,094,071
BHP Billiton Finance USA, Ltd.
# 2.875%, 02/24/22............................. 1,077 1,064,074
Commonwealth Bank of Australia
2.300%, 09/06/19............................. 558 553,493
5.000%, 03/19/20............................. 784 810,259
2.400%, 11/02/20............................. 6,605 6,496,713
## 2.850%, 05/18/26............................. 22,784 21,100,194
## # 3.150%, 09/19/27............................. 890 835,106
Macquarie Bank, Ltd.
## # 3.900%, 01/15/26............................. 24,711 24,488,560
National Australia Bank, Ltd.
2.250%, 07/01/19............................. 1,849 1,836,692
3.375%, 01/14/26............................. 3,000 2,898,118
## 3.500%, 01/10/27............................. 29,999 29,099,422
Westpac Banking Corp.
# 4.875%, 11/19/19............................. 9,051 9,311,591
2.850%, 05/13/26............................. 8,933 8,275,776
2.700%, 08/19/26............................. 1,977 1,808,550
# 3.350%, 03/08/27............................. 27,267 26,076,063
------------
TOTAL AUSTRALIA.................................... 146,509,826
------------
AUSTRIA -- (0.0%)
Oesterreichische Kontrollbank AG
1.125%, 05/29/18............................. 1,941 1,939,622
------------
BELGIUM -- (0.1%)
Anheuser-Busch InBev Finance, Inc.
# 2.625%, 01/17/23............................. 3,471 3,340,730
3.650%, 02/01/26............................. 2,965 2,894,778
Anheuser-Busch InBev Worldwide, Inc.
# 4.375%, 02/15/21............................. 385 397,214
# 2.500%, 07/15/22............................. 2,011 1,941,433
Solvay Finance America LLC
## 4.450%, 12/03/25............................. 200 204,653
------------
TOTAL BELGIUM...................................... 8,778,808
------------
CANADA -- (1.5%)
Alberta, Province of Canada
## # 1.750%, 08/26/20............................. 10,000 9,738,558
FACE
AMOUNT^ VALUE+
------- ------
(000)
CANADA -- (Continued)
Alimentation Couche-Tard, Inc.
## 3.550%, 07/26/27............................. 2,000 $ 1,891,030
Bank of Montreal
2.375%, 01/25/19............................. 32 31,970
Bank of Nova Scotia (The)
2.050%, 06/05/19............................. 1,149 1,139,884
4.375%, 01/13/21............................. 3,200 3,297,630
British Columbia, Province of Canada
# 6.500%, 01/15/26............................. 7,918 9,550,566
Canadian Natural Resources, Ltd.
3.850%, 06/01/27............................. 3,898 3,766,654
Canadian Pacific Railway Co.
2.900%, 02/01/25............................. 3,024 2,855,069
3.700%, 02/01/26............................. 4,880 4,777,845
Enbridge, Inc.
# 4.000%, 10/01/23............................. 2,898 2,898,428
3.500%, 06/10/24............................. 1,280 1,237,079
# 3.700%, 07/15/27............................. 1,000 941,720
Goldcorp, Inc.
# 3.625%, 06/09/21............................. 3,975 3,975,589
Nutrien, Ltd.
3.625%, 03/15/24............................. 3,460 3,410,661
3.000%, 04/01/25............................. 3,460 3,230,412
Province of Manitoba Canada
2.050%, 11/30/20............................. 11,169 10,926,167
Province of Ontario Canada
# 1.650%, 09/27/19............................. 523 515,814
3.150%, 06/02/22............................. CAD 19,927 15,921,114
2.450%, 06/29/22............................. 1,088 1,057,006
Quebec, Province of Canada
2.625%, 02/13/23............................. 4,480 4,373,988
Rogers Communications, Inc.
3.000%, 03/15/23............................. 1,765 1,726,215
4.100%, 10/01/23............................. 1,248 1,275,954
Royal Bank of Canada
2.350%, 10/30/20............................. 4,942 4,852,073
Suncor Energy, Inc.
3.600%, 12/01/24............................. 7,406 7,300,503
Thomson Reuters Corp.
4.300%, 11/23/23............................. 5,120 5,183,896
3.850%, 09/29/24............................. 662 648,906
Toronto-Dominion Bank (The)
2.125%, 07/02/19............................. 3,660 3,636,594
2.125%, 04/07/21............................. 13,987 13,575,233
1.994%, 03/23/22............................. CAD 4,942 3,744,596
86
DFA INVESTMENT GRADE PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
CANADA -- (Continued)
TransCanada PipeLines, Ltd.
3.800%, 10/01/20............................. 1,280 $ 1,299,589
# 2.500%, 08/01/22............................. 3,272 3,147,537
------------
TOTAL CANADA....................................... 131,928,280
------------
DENMARK -- (0.4%)
Danske Bank A.S.
## 2.750%, 09/17/20............................. 1,058 1,045,417
## 2.800%, 03/10/21............................. 6,530 6,440,140
Kommunekredit
0.0%, 09/08/22............................... EUR 21,894 26,288,404
------------
TOTAL DENMARK...................................... 33,773,961
------------
FRANCE -- (0.8%)
Airbus SE
## 3.150%, 04/10/27............................. 7,500 7,194,052
BNP Paribas SA
# 2.450%, 03/17/19............................. 592 591,568
# 3.250%, 03/03/23............................. 1,920 1,904,547
BPCE SA
4.000%, 04/15/24............................. 10,914 10,933,623
Credit Agricole SA
## 2.750%, 06/10/20............................. 1,125 1,113,915
# 3.875%, 04/15/24............................. 8,591 8,650,093
Electricite de France SA
## 3.625%, 10/13/25............................. 3,460 3,410,338
Pernod Ricard SA
## 4.450%, 01/15/22............................. 6,474 6,693,940
## # 3.250%, 06/08/26............................. 14,827 14,189,375
Total Capital International SA
2.125%, 01/10/19............................. 843 839,998
2.100%, 06/19/19............................. 2,226 2,212,961
3.750%, 04/10/24............................. 9,600 9,705,494
------------
TOTAL FRANCE....................................... 67,439,904
------------
GERMANY -- (0.9%)
Bayer U.S. Finance LLC
## # 2.375%, 10/08/19............................. 4,739 4,693,117
Bayer U.S. Finance LLC
## # 3.375%, 10/08/24............................. 12,544 12,186,797
BMW U.S. Capital LLC
## 2.800%, 04/11/26............................. 18,030 16,812,766
## 3.300%, 04/06/27............................. 4,942 4,754,097
Daimler Finance North America LLC
## 3.250%, 08/01/24............................. 2,072 2,009,693
8.500%, 01/18/31............................. 8,896 12,679,579
Deutsche Bank AG
# 2.500%, 02/13/19............................. 2,405 2,395,076
2.500%, 02/13/19............................. 1,058 1,053,640
2.950%, 08/20/20............................. 136 133,831
# 3.125%, 01/13/21............................. 1,977 1,941,086
3.700%, 05/30/24............................. 9,641 9,187,238
FACE
AMOUNT^ VALUE+
------- ------
(000)
GERMANY -- (Continued)
EMD Finance LLC
## 2.950%, 03/19/22............................. 5,120 $ 5,013,965
Kreditanstalt fuer Wiederaufbau
1.875%, 04/01/19............................. 732 728,359
NRW Bank
1.875%, 07/01/19............................. 2,092 2,073,883
Siemens Financieringsmaatschappij NV
## 6.125%, 08/17/26............................. 3,821 4,450,669
Volkswagen Group of America Finance LLC
## 2.400%, 05/22/20............................. 699 687,438
-----------
TOTAL GERMANY.................................... 80,801,234
-----------
IRELAND -- (0.4%)
Allergan Finance LLC
3.250%, 10/01/22............................. 7,562 7,323,559
Allergan Funding SCS
3.450%, 03/15/22............................. 12,881 12,662,365
# 3.800%, 03/15/25............................. 2,471 2,368,560
Johnson Controls International P.L.C.
3.625%, 07/02/24............................. 983 972,242
Medtronic, Inc.
3.125%, 03/15/22............................. 1,143 1,138,001
3.500%, 03/15/25............................. 1,977 1,955,396
Perrigo Finance Unlimited Co.
3.500%, 03/15/21............................. 843 839,652
# 3.500%, 12/15/21............................. 1,594 1,576,944
3.900%, 12/15/24............................. 3,885 3,809,893
# 4.375%, 03/15/26............................. 5,000 4,966,944
-----------
TOTAL IRELAND.................................... 37,613,556
-----------
ITALY -- (0.3%)
Intesa Sanpaolo SpA
# 5.250%, 01/12/24............................. 7,664 7,999,122
## 3.875%, 07/14/27............................. 7,300 6,850,086
UniCredit SpA
## 4.625%, 04/12/27............................. 6,170 6,164,219
-----------
TOTAL ITALY...................................... 21,013,427
-----------
JAPAN -- (1.1%)
American Honda Finance Corp.
2.300%, 09/09/26............................. 11,110 10,140,004
Beam Suntory, Inc.
1.750%, 06/15/18............................. 1,941 1,938,708
3.250%, 06/15/23............................. 3,983 3,855,671
Japan Bank for International Cooperation
1.750%, 07/31/18............................. 491 490,273
87
DFA INVESTMENT GRADE PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
JAPAN -- (Continued)
Japan Finance Organization for Municipalities
2.500%, 09/12/18............................. 814 $ 813,658
2.125%, 03/06/19............................. 528 525,101
Mitsubishi UFJ Financial Group, Inc.
# 3.677%, 02/22/27............................. 2,965 2,909,543
Mizuho Financial Group, Inc.
## 2.632%, 04/12/21............................. 3,700 3,613,064
MUFG Americas Holdings Corp.
3.500%, 06/18/22............................. 5,472 5,452,034
MUFG Bank, Ltd.
3.250%, 09/08/24............................. 3,237 3,148,618
Nissan Motor Acceptance Corp.
## 2.125%, 03/03/20............................. 1,680 1,651,712
Nomura Holdings, Inc.
6.700%, 03/04/20............................. 1,394 1,475,942
Sumitomo Mitsui Banking Corp.
3.950%, 07/19/23............................. 5,931 6,007,030
Sumitomo Mitsui Financial Group, Inc.
2.934%, 03/09/21............................. 1,977 1,958,254
3.784%, 03/09/26............................. 4,942 4,890,916
Toyota Credit Canada, Inc.
2.020%, 02/28/22............................. CAD 4,942 3,740,324
Toyota Motor Credit Corp.
2.100%, 01/17/19............................. 892 890,144
3.300%, 01/12/22............................. 2,605 2,610,902
# 2.625%, 01/10/23............................. 3,999 3,877,251
# 3.200%, 01/11/27............................. 26,976 26,045,148
# 3.050%, 01/11/28............................. 11,550 10,959,286
-----------
TOTAL JAPAN...................................... 96,993,583
-----------
LIBERIA -- (0.0%)
Royal Caribbean Cruises, Ltd.
7.500%, 10/15/27............................. 1,000 1,220,778
3.700%, 03/15/28............................. 1,500 1,413,335
-----------
TOTAL LIBERIA.................................... 2,634,113
-----------
NETHERLANDS -- (1.9%)
Ahold Finance USA LLC
6.875%, 05/01/29............................. 704 834,337
Bank Nederlandse Gemeenten NV
2.500%, 01/23/23............................. 6,400 6,240,640
Cooperatieve Rabobank UA
3.875%, 02/08/22............................. 7,090 7,204,205
# 3.375%, 05/21/25............................. 17,522 17,101,330
FACE
AMOUNT^ VALUE+
------- ------
(000)
NETHERLANDS -- (Continued)
Enel Finance International NV
## # 3.500%, 04/06/28............................. 2,800 $ 2,590,797
Heineken NV
## 2.750%, 04/01/23............................. 2,219 2,145,315
ING Bank NV
## 2.050%, 08/15/21............................. 5,000 4,790,824
ING Groep NV
3.950%, 03/29/27............................. 10,000 9,824,326
LYB International Finance II BV
# 3.500%, 03/02/27............................. 4,166 3,934,174
LyondellBasell Industries NV
5.750%, 04/15/24............................. 5,827 6,314,656
Mylan NV
3.950%, 06/15/26............................. 17,157 16,284,645
Mylan, Inc.
4.200%, 11/29/23............................. 4,480 4,484,614
Nederlandse Waterschapsbank NV
1.875%, 03/13/19............................. 1,348 1,340,579
Shell International Finance BV
# 2.500%, 09/12/26............................. 11,169 10,333,224
Shell International Finance BV
2.250%, 11/10/20............................. 4,646 4,579,809
# 3.400%, 08/12/23............................. 10,559 10,589,675
# 3.250%, 05/11/25............................. 31,117 30,583,526
# 2.875%, 05/10/26............................. 29,810 28,325,782
------------
TOTAL NETHERLANDS.................................. 167,502,458
------------
NORWAY -- (0.2%)
Kommunalbanken A.S.
1.750%, 05/28/19............................. 2,116 2,098,424
Statoil ASA
1.150%, 05/15/18............................. 1,366 1,365,478
2.450%, 01/17/23............................. 8,692 8,356,412
# 2.650%, 01/15/24............................. 6,950 6,671,455
------------
TOTAL NORWAY....................................... 18,491,769
------------
SPAIN -- (0.5%)
Banco Santander SA
3.800%, 02/23/28............................. 7,000 6,619,105
Iberdrola Finance Ireland DAC
## 5.000%, 09/11/19............................. 713 730,429
Santander Holdings USA, Inc.
4.500%, 07/17/25............................. 17,590 17,707,231
Santander UK P.L.C.
2.375%, 03/16/20............................. 330 325,715
4.000%, 03/13/24............................. 8,788 8,866,026
88
DFA INVESTMENT GRADE PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
SPAIN -- (Continued)
Telefonica Emisiones SAU
5.462%, 02/16/21............................. 829 $ 876,732
# 4.570%, 04/27/23............................. 7,532 7,847,419
Telefonica Europe BV
8.250%, 09/15/30............................. 3,000 4,005,022
------------
TOTAL SPAIN...................................... 46,977,679
------------
SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (0.5%)
Asian Development Bank
1.750%, 09/11/18............................. 867 865,581
1.875%, 04/12/19............................. 2,092 2,080,992
European Financial Stability Facility
0.0%, 11/17/22............................... EUR 19,769 23,842,814
European Investment Bank
1.875%, 03/15/19............................. 523 520,653
# 3.250%, 01/29/24............................. 3,200 3,238,675
Inter-American Development Bank
3.000%, 02/21/24............................. 1,730 1,723,082
7.000%, 06/15/25............................. 3,840 4,699,473
6.750%, 07/15/27............................. 1,942 2,413,370
International Finance Corp.
0.875%, 06/15/18............................. 292 291,629
Nordic Investment Bank
1.875%, 06/14/19............................. 529 525,191
------------
TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS..... 40,201,460
------------
SWEDEN -- (1.2%)
Kommuninvest I Sverige AB
2.000%, 11/12/19............................. 529 524,012
0.250%, 06/01/22............................. SEK 296,540 33,831,226
Nordea Bank AB
1.625%, 05/15/18............................. 227 226,968
Svensk Exportkredit AB
1.875%, 06/17/19............................. 1,164 1,155,072
Svenska Handelsbanken AB
2.500%, 01/25/19............................. 578 577,364
0.250%, 02/28/22............................. EUR 9,390 11,313,870
Sweden Government Bond
3.500%, 06/01/22............................. SEK 419,105 55,122,096
------------
TOTAL SWEDEN..................................... 102,750,608
------------
SWITZERLAND -- (1.0%)
ABB Finance USA, Inc.
2.875%, 05/08/22............................. 3,884 3,814,038
Chubb INA Holdings, Inc.
# 2.875%, 11/03/22............................. 1,852 1,815,557
# 2.700%, 03/13/23............................. 2,965 2,869,461
3.350%, 05/15/24............................. 5,120 5,052,975
FACE
AMOUNT^ VALUE+
------- ------
(000)
SWITZERLAND -- (Continued)
Credit Suisse AG
2.300%, 05/28/19............................. 162 $ 161,291
# 3.000%, 10/29/21............................. 3,011 2,979,520
# 3.625%, 09/09/24............................. 16,929 16,771,562
Novartis Capital Corp.
# 3.400%, 05/06/24............................. 6,080 6,056,336
3.100%, 05/17/27............................. 10,983 10,515,127
Roche Holdings, Inc.
## 2.625%, 05/15/26............................. 1,000 930,115
## # 2.375%, 01/28/27............................. 14,000 12,683,029
UBS AG
2.375%, 08/14/19............................. 148 147,179
UBS Group Funding Switzerland AG
## 4.125%, 09/24/25............................. 20,990 20,866,573
-----------
TOTAL SWITZERLAND.................................. 84,662,763
-----------
UNITED KINGDOM -- (1.9%)
Anglo American Capital P.L.C.
## 4.750%, 04/10/27............................. 3,275 3,270,218
## 4.000%, 09/11/27............................. 8,200 7,727,457
Aon Corp.
5.000%, 09/30/20............................. 810 841,761
Aon P.L.C.
4.000%, 11/27/23............................. 4,000 4,058,892
3.500%, 06/14/24............................. 9,147 8,961,949
AstraZeneca P.L.C.
2.375%, 11/16/20............................. 2,916 2,867,397
3.375%, 11/16/25............................. 7,484 7,268,385
AXIS Specialty Finance P.L.C.
4.000%, 12/06/27............................. 2,800 2,651,263
BAE Systems Holdings, Inc.
## 2.850%, 12/15/20............................. 1,239 1,224,387
Barclays P.L.C.
2.750%, 11/08/19............................. 626 621,691
3.650%, 03/16/25............................. 14,330 13,666,679
4.375%, 01/12/26............................. 9,970 9,844,238
Baxalta, Inc.
2.875%, 06/23/20............................. 471 466,111
BP Capital Markets P.L.C.
# 3.245%, 05/06/22............................. 2,848 2,840,408
3.535%, 11/04/24............................. 2,240 2,232,566
3.119%, 05/04/26............................. 5,915 5,658,503
3.017%, 01/16/27............................. 11,773 11,102,047
Diageo Investment Corp.
2.875%, 05/11/22............................. 131 128,867
GlaxoSmithKline Capital, Inc.
# 2.800%, 03/18/23............................. 5,387 5,244,170
HSBC Holdings P.L.C.
# 3.400%, 03/08/21............................. 4,100 4,110,285
4.000%, 03/30/22............................. 5,009 5,109,307
# 4.300%, 03/08/26............................. 2,000 2,027,890
89
DFA INVESTMENT GRADE PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED KINGDOM -- (Continued)
HSBC USA, Inc.
2.375%, 11/13/19............................. 317 $ 313,662
3.500%, 06/23/24............................. 12,593 12,390,500
Lloyds Banking Group P.L.C.
# 3.750%, 01/11/27............................. 4,750 4,539,269
# 4.375%, 03/22/28............................. 4,000 3,975,710
Nationwide Building Society
## 3.900%, 07/21/25............................. 4,600 4,600,566
Rolls-Royce P.L.C.
## 3.625%, 10/14/25............................. 9,100 8,993,252
Royal Bank of Scotland Group P.L.C.
# 4.800%, 04/05/26............................. 4,800 4,891,032
Standard Chartered P.L.C.
## 4.050%, 04/12/26............................. 4,380 4,271,678
TechnipFMC P.L.C.
## 3.450%, 10/01/22............................. 4,235 4,113,008
Vodafone Group P.L.C.
5.450%, 06/10/19............................. 82 84,197
# 4.375%, 03/16/21............................. 902 928,083
2.500%, 09/26/22............................. 9,656 9,203,304
7.875%, 02/15/30............................. 7,107 9,060,814
------------
TOTAL UNITED KINGDOM............................. 169,289,546
------------
UNITED STATES -- (38.1%)
21st Century Fox America, Inc.
3.700%, 09/15/24............................. $ 14,364 14,310,982
3M Co.
2.875%, 10/15/27............................. 14,390 13,605,390
Abbott Laboratories
# 2.000%, 03/15/20............................. 7,212 7,080,679
2.800%, 09/15/20............................. 130 129,172
3.250%, 04/15/23............................. 3,200 3,141,803
2.950%, 03/15/25............................. 12,469 11,826,203
AbbVie, Inc.
# 2.900%, 11/06/22............................. 2,800 2,725,056
3.600%, 05/14/25............................. 18,850 18,288,019
Activision Blizzard, Inc.
3.400%, 06/15/27............................. 4,448 4,212,991
Adobe Systems, Inc.
3.250%, 02/01/25............................. 1,920 1,887,923
Advance Auto Parts, Inc.
4.500%, 12/01/23............................. 1,186 1,213,996
Aetna, Inc.
2.200%, 03/15/19............................. 339 337,203
2.750%, 11/15/22............................. 8,320 8,009,856
# 3.500%, 11/15/24............................. 5,359 5,226,559
Affiliated Managers Group, Inc.
3.500%, 08/01/25............................. 3,410 3,295,834
Aflac, Inc.
# 2.400%, 03/16/20............................. 1,087 1,072,709
3.250%, 03/17/25............................. 11,007 10,695,510
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Agilent Technologies, Inc.
5.000%, 07/15/20............................. 17 $ 17,674
Air Products & Chemicals, Inc.
2.750%, 02/03/23............................. 976 954,180
Alabama Power Co.
2.800%, 04/01/25............................. 2,560 2,406,541
Albemarle Corp.
4.150%, 12/01/24............................. 7,365 7,480,174
Allstate Corp. (The)
3.150%, 06/15/23............................. 5,073 4,999,137
Alphabet, Inc.
# 3.375%, 02/25/24............................. 4,494 4,513,299
# 1.998%, 08/15/26............................. 7,385 6,594,704
Altria Group, Inc.
4.750%, 05/05/21............................. 208 216,673
2.850%, 08/09/22............................. 3,950 3,847,729
Amazon.com, Inc.
3.800%, 12/05/24............................. 4,864 4,945,106
Ameren Corp.
2.700%, 11/15/20............................. 988 974,407
American Express Credit Corp.
# 2.250%, 05/05/21............................. 148 144,193
3.300%, 05/03/27............................. 16,929 16,181,415
American International Group, Inc.
3.300%, 03/01/21............................. 1,483 1,477,045
4.875%, 06/01/22............................. 1,425 1,490,255
4.125%, 02/15/24............................. 10,069 10,135,801
3.750%, 07/10/25............................. 8,747 8,561,220
3.900%, 04/01/26............................. 5,374 5,245,155
American Water Capital Corp.
# 3.850%, 03/01/24............................. 2,115 2,142,031
2.950%, 09/01/27............................. 584 546,657
Ameriprise Financial, Inc.
5.300%, 03/15/20............................. 129 133,948
4.000%, 10/15/23............................. 3,722 3,811,102
2.875%, 09/15/26............................. 6,175 5,751,827
AmerisourceBergen Corp.
3.400%, 05/15/24............................. 1,223 1,190,617
Amgen, Inc.
4.100%, 06/15/21............................. 6,993 7,154,242
# 3.625%, 05/22/24............................. 6,399 6,374,428
# 3.125%, 05/01/25............................. 3,200 3,056,494
2.600%, 08/19/26............................. 4,147 3,735,405
Analog Devices, Inc.
3.900%, 12/15/25............................. 4,965 4,935,476
# 3.500%, 12/05/26............................. 1,977 1,889,655
Anthem, Inc.
3.125%, 05/15/22............................. 2,177 2,128,506
Anthem, Inc.
4.350%, 08/15/20............................. 1,087 1,114,841
3.500%, 08/15/24............................. 4,986 4,845,485
3.650%, 12/01/27............................. 2,000 1,901,778
90
DFA INVESTMENT GRADE PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Apache Corp.
3.250%, 04/15/22............................. 8,142 $ 8,033,917
Apple, Inc.
2.250%, 02/23/21............................. 4,942 4,858,453
# 2.400%, 05/03/23............................. 23,000 22,085,341
# 3.450%, 05/06/24............................. 19,459 19,470,422
# 2.500%, 02/09/25............................. 4,560 4,279,293
# 3.250%, 02/23/26............................. 19,942 19,412,170
2.450%, 08/04/26............................. 17,090 15,676,999
3.350%, 02/09/27............................. 33,607 32,867,325
3.000%, 06/20/27............................. 11,436 10,863,910
# 3.000%, 11/13/27............................. 26,919 25,429,320
Applied Materials, Inc.
4.300%, 06/15/21............................. 640 661,491
3.300%, 04/01/27............................. 6,750 6,532,210
Archer-Daniels-Midland Co.
# 2.500%, 08/11/26............................. 4,942 4,489,394
Arizona Public Service Co.
8.750%, 03/01/19............................. 210 220,470
# 3.150%, 05/15/25............................. 9,580 9,273,910
Arrow Electronics, Inc.
# 3.875%, 01/12/28............................. 5,185 4,876,124
Associated Banc-Corp
2.750%, 11/15/19............................. 53 52,566
Assurant, Inc.
4.000%, 03/15/23............................. 6,399 6,380,511
AT&T, Inc.
# 3.000%, 02/15/22............................. 6,325 6,220,571
3.800%, 03/15/22............................. 5,056 5,103,494
3.950%, 01/15/25............................. 9,885 9,786,634
3.400%, 05/15/25............................. 23,617 22,441,759
Autodesk, Inc.
# 3.125%, 06/15/20............................. 372 370,594
4.375%, 06/15/25............................. 3,015 3,056,472
3.500%, 06/15/27............................. 7,789 7,332,965
Automatic Data Processing, Inc.
3.375%, 09/15/25............................. 12,356 12,257,960
AutoZone, Inc.
2.875%, 01/15/23............................. 11,988 11,564,876
# 3.125%, 07/15/23............................. 1,270 1,236,117
3.250%, 04/15/25............................. 6,203 5,943,628
3.125%, 04/21/26............................. 988 919,069
Avnet, Inc.
# 4.625%, 04/15/26............................. 5,560 5,482,958
Baker Hughes a GE Co. LLC
3.200%, 08/15/21............................. 183 183,317
Baltimore Gas & Electric Co.
2.800%, 08/15/22............................. 3,218 3,143,214
2.400%, 08/15/26............................. 692 627,614
Bank of America Corp.
4.000%, 04/01/24............................. 6,120 6,202,089
# 3.875%, 08/01/25............................. 2,350 2,327,401
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Bank of America Corp. Floating Rate Note
(r)## 3.419%, 12/20/28............................. 15,341 $14,388,113
Bank of New York Mellon Corp. (The)
5.450%, 05/15/19............................. 386 397,134
3.650%, 02/04/24............................. 10,524 10,567,445
3.000%, 02/24/25............................. 2,560 2,448,655
2.800%, 05/04/26............................. 6,436 6,019,493
Baxter International, Inc.
1.700%, 08/15/21............................. 890 844,296
2.600%, 08/15/26............................. 4,201 3,781,492
Bed Bath & Beyond, Inc.
# 3.749%, 08/01/24............................. 527 450,008
Bemis Co., Inc.
4.500%, 10/15/21............................. 640 661,138
Berkshire Hathaway Energy Co.
2.400%, 02/01/20............................. 316 313,404
Berkshire Hathaway Finance Corp.
1.300%, 05/15/18............................. 155 154,946
3.000%, 05/15/22............................. 976 971,349
Berkshire Hathaway, Inc.
# 2.200%, 03/15/21............................. 1,924 1,890,065
# 3.750%, 08/15/21............................. 2,560 2,620,650
3.400%, 01/31/22............................. 3,200 3,245,083
3.000%, 02/11/23............................. 3,491 3,471,915
# 3.125%, 03/15/26............................. 33,128 31,885,968
Biogen, Inc.
2.900%, 09/15/20............................. 14,678 14,607,597
# 4.050%, 09/15/25............................. 7,000 7,010,729
BlackRock, Inc.
4.250%, 05/24/21............................. 1,977 2,046,272
3.200%, 03/15/27............................. 24,563 23,586,397
Boeing Co. (The)
8.750%, 08/15/21............................. 977 1,151,039
2.500%, 03/01/25............................. 6,399 5,988,583
2.600%, 10/30/25............................. 3,568 3,356,683
Booking Holdings, Inc.
3.600%, 06/01/26............................. 10,484 10,152,716
Boston Scientific Corp.
4.125%, 10/01/23............................. 1,472 1,495,863
Bristol-Myers Squibb Co.
# 2.000%, 08/01/22............................. 4,244 4,053,870
Brown & Brown, Inc.
4.200%, 09/15/24............................. 4,660 4,702,672
Buckeye Partners L.P.
# 4.150%, 07/01/23............................. 1,920 1,915,002
3.950%, 12/01/26............................. 7,413 6,973,193
Bunge, Ltd. Finance Corp.
3.750%, 09/25/27............................. 4,400 4,165,084
Burlington Northern Santa Fe LLC
# 3.000%, 04/01/25............................. 4,279 4,133,509
7.000%, 12/15/25............................. 858 1,040,022
91
DFA INVESTMENT GRADE PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
CA, Inc.
# 4.700%, 03/15/27............................. 17,502 $17,601,304
Campbell Soup Co.
4.250%, 04/15/21............................. 1,024 1,051,688
2.500%, 08/02/22............................. 1,939 1,849,980
3.300%, 03/19/25............................. 4,045 3,865,618
# 4.150%, 03/15/28............................. 9,628 9,329,333
Capital One Bank USA NA
2.300%, 06/05/19............................. 529 524,938
Capital One Financial Corp.
4.750%, 07/15/21............................. 1,956 2,032,030
3.750%, 04/24/24............................. 4,607 4,524,104
3.750%, 03/09/27............................. 5,000 4,741,208
Cardinal Health, Inc.
4.625%, 12/15/20............................. 640 659,204
3.200%, 06/15/22............................. 3,840 3,770,138
# 3.410%, 06/15/27............................. 10,718 9,953,191
Caterpillar, Inc.
2.600%, 06/26/22............................. 2,531 2,466,941
# 3.400%, 05/15/24............................. 1,823 1,815,685
CBS Corp.
# 3.375%, 03/01/22............................. 2,276 2,254,470
# 3.500%, 01/15/25............................. 2,364 2,271,880
2.900%, 01/15/27............................. 26,061 23,296,449
7.875%, 07/30/30............................. 1,137 1,425,967
Celgene Corp.
4.000%, 08/15/23............................. 8,237 8,292,176
3.625%, 05/15/24............................. 4,433 4,333,089
CenterPoint Energy Resources Corp.
4.500%, 01/15/21............................. 1,549 1,589,702
4.000%, 04/01/28............................. 4,800 4,750,407
Charles Schwab Corp. (The)
3.000%, 03/10/25............................. 12,777 12,262,036
Chevron Corp.
# 3.191%, 06/24/23............................. 15,766 15,665,213
2.954%, 05/16/26............................. 11,356 10,848,322
Cigna Corp.
4.000%, 02/15/22............................. 743 753,768
Cincinnati Financial Corp.
6.920%, 05/15/28............................. 4,000 4,920,437
Cisco Systems, Inc.
# 3.625%, 03/04/24............................. 1,920 1,949,206
Citigroup, Inc.
4.500%, 01/14/22............................. 1,472 1,524,700
3.875%, 10/25/23............................. 2,843 2,854,351
3.750%, 06/16/24............................. 2,560 2,543,553
# 3.300%, 04/27/25............................. 7,679 7,353,776
Clorox Co. (The)
3.500%, 12/15/24............................. 3,200 3,191,459
CME Group, Inc.
# 3.000%, 03/15/25............................. 2,833 2,731,993
CMS Energy Corp.
3.875%, 03/01/24............................. 1,725 1,727,795
3.600%, 11/15/25............................. 3,163 3,089,650
3.000%, 05/15/26............................. 4,942 4,639,153
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
CNA Financial Corp.
# 4.500%, 03/01/26............................. 6,457 $ 6,613,314
Coca-Cola Co. (The)
# 1.875%, 10/27/20............................. 18,435 18,017,617
# 3.300%, 09/01/21............................. 1,696 1,715,124
# 3.200%, 11/01/23............................. 21,537 21,478,487
2.250%, 09/01/26............................. 12,603 11,405,032
# 2.900%, 05/25/27............................. 23,535 22,334,593
Colgate-Palmolive Co.
# 1.950%, 02/01/23............................. 6,926 6,574,245
Comcast Cable Communications Holdings, Inc.
9.455%, 11/15/22............................. 2,956 3,698,509
Comcast Corp.
3.600%, 03/01/24............................. 4,324 4,308,428
# 3.375%, 08/15/25............................. 4,217 4,094,260
3.150%, 03/01/26............................. 8,698 8,274,483
Conagra Brands, Inc.
3.200%, 01/25/23............................. 4,643 4,555,739
ConocoPhillips Co.
2.400%, 12/15/22............................. 1,920 1,833,259
3.350%, 11/15/24............................. 4,480 4,393,222
4.950%, 03/15/26............................. 14,827 15,966,216
Consolidated Edison Co. of New York, Inc.
3.300%, 12/01/24............................. 1,280 1,255,449
Corning, Inc.
3.700%, 11/15/23............................. 2,710 2,690,525
Costco Wholesale Corp.
3.000%, 05/18/27............................. 19,000 18,064,819
Cox Communications, Inc.
## 3.250%, 12/15/22............................. 2,224 2,168,292
## # 3.850%, 02/01/25............................. 6,790 6,713,700
CSX Corp.
4.250%, 06/01/21............................. 748 768,653
CVS Health Corp.
# 2.800%, 07/20/20............................. 1,913 1,901,205
# 2.125%, 06/01/21............................. 1,285 1,239,784
3.375%, 08/12/24............................. 14,857 14,342,180
3.875%, 07/20/25............................. 8,894 8,745,178
Danaher Corp.
3.350%, 09/15/25............................. 1,483 1,468,626
Deere & Co.
# 5.375%, 10/16/29............................. 467 531,769
Discovery Communications LLC
## 2.800%, 06/15/20............................. 544 537,695
3.300%, 05/15/22............................. 1,408 1,385,943
## 3.500%, 06/15/22............................. 7,694 7,609,881
3.250%, 04/01/23............................. 640 619,433
## 3.900%, 11/15/24............................. 5,376 5,254,931
3.450%, 03/15/25............................. 5,671 5,413,662
Dollar General Corp.
# 3.250%, 04/15/23............................. 6,733 6,607,059
4.150%, 11/01/25............................. 1,104 1,114,428
92
DFA INVESTMENT GRADE PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Dominion Energy Gas Holdings LLC
# 2.800%, 11/15/20............................. 7,166 $ 7,094,756
3.600%, 12/15/24............................. 3,200 3,145,261
Dominion Energy, Inc.
3.625%, 12/01/24............................. 1,280 1,258,786
3.900%, 10/01/25............................. 10,013 9,896,322
Dow Chemical Co. (The)
3.000%, 11/15/22............................. 2,694 2,623,247
3.500%, 10/01/24............................. 7,452 7,283,137
Dr Pepper Snapple Group, Inc.
3.400%, 11/15/25............................. 5,885 5,547,120
Dr. Pepper Snapple Group, Inc.
2.000%, 01/15/20............................. 88 86,356
DTE Energy Co.
2.400%, 12/01/19............................. 2,145 2,115,738
3.850%, 12/01/23............................. 960 964,877
2.850%, 10/01/26............................. 1,000 908,012
Duke Energy Corp.
3.050%, 08/15/22............................. 11,244 11,029,475
# 3.750%, 04/15/24............................. 5,705 5,686,031
DXC Technology Co.
4.450%, 09/18/22............................. 3,200 3,259,787
Eastman Chemical Co.
# 2.700%, 01/15/20............................. 439 436,392
4.500%, 01/15/21............................. 88 90,425
3.600%, 08/15/22............................. 297 296,461
3.800%, 03/15/25............................. 9,527 9,532,394
Eaton Corp.
4.000%, 11/02/32............................. 2,600 2,550,044
Eaton Vance Corp.
3.500%, 04/06/27............................. 8,762 8,532,079
eBay, Inc.
# 3.800%, 03/09/22............................. 7,413 7,494,157
2.600%, 07/15/22............................. 2,688 2,587,705
# 3.600%, 06/05/27............................. 13,375 12,671,454
Ecolab, Inc.
4.350%, 12/08/21............................. 1,072 1,112,139
# 2.700%, 11/01/26............................. 4,448 4,101,927
EI du Pont de Nemours & Co.
4.625%, 01/15/20............................. 150 154,297
Electronic Arts, Inc.
4.800%, 03/01/26............................. $ 15,000 15,778,080
Emerson Electric Co.
3.150%, 06/01/25............................. 5,312 5,195,605
Energy Transfer Partners L.P.
# 4.750%, 01/15/26............................. 5,733 5,720,741
Enterprise Products Operating LLC
5.200%, 09/01/20............................. 480 501,252
3.900%, 02/15/24............................. 2,080 2,088,887
# 3.750%, 02/15/25............................. 1,977 1,960,250
3.700%, 02/15/26............................. 5,276 5,159,687
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
EOG Resources, Inc.
4.100%, 02/01/21............................. 1,722 $ 1,755,458
# 2.625%, 03/15/23............................. 3,756 3,588,214
3.150%, 04/01/25............................. 6,718 6,447,401
EQT Corp.
3.900%, 10/01/27............................. 14,255 13,561,402
ERAC USA Finance LLC
## # 3.850%, 11/15/24............................. 6,590 6,568,532
Eversource Energy
2.500%, 03/15/21............................. 494 484,523
2.800%, 05/01/23............................. 4,743 4,560,980
Exelon Corp.
2.450%, 04/15/21............................. 370 358,874
3.950%, 06/15/25............................. 2,323 2,304,042
# 3.400%, 04/15/26............................. 20,540 19,626,377
Exelon Generation Co. LLC
2.950%, 01/15/20............................. 326 324,818
Express Scripts Holding Co.
3.900%, 02/15/22............................. 4,767 4,784,781
3.500%, 06/15/24............................. 8,342 7,988,888
# 3.400%, 03/01/27............................. 14,920 13,729,150
Exxon Mobil Corp.
# 3.176%, 03/15/24............................. 32,923 32,802,794
3.043%, 03/01/26............................. 4,942 4,778,490
FedEx Corp.
# 2.625%, 08/01/22............................. 4,357 4,229,374
# 4.000%, 01/15/24............................. 8,491 8,689,565
3.200%, 02/01/25............................. 3,744 3,610,639
3.400%, 02/15/28............................. 5,250 5,023,109
Fidelity National Information Services, Inc.
2.250%, 08/15/21............................. 3,855 3,716,644
5.000%, 10/15/25............................. 4,265 4,499,373
Fifth Third Bancorp
3.500%, 03/15/22............................. 56 55,952
# 3.950%, 03/14/28............................. 21,032 20,810,967
Ford Motor Credit Co. LLC
2.459%, 03/27/20............................. 635 625,461
3.200%, 01/15/21............................. 1,200 1,189,139
# 3.219%, 01/09/22............................. 8,750 8,570,627
# 4.375%, 08/06/23............................. 8,417 8,476,559
3.664%, 09/08/24............................. 4,875 4,673,390
GATX Corp.
3.250%, 03/30/25............................. 5,120 4,816,070
# 3.250%, 09/15/26............................. 6,368 5,887,607
General Dynamics Corp.
# 2.250%, 11/15/22............................. 4,800 4,586,426
2.125%, 08/15/26............................. 7,339 6,526,417
General Electric Co.
0.375%, 05/17/22............................. EUR 11,546 13,860,125
# 3.375%, 03/11/24............................. 3,200 3,119,247
6.750%, 03/15/32............................. 26,911 32,998,056
General Mills, Inc.
# 3.150%, 12/15/21............................. 748 741,369
# 4.200%, 04/17/28............................. 8,600 8,466,190
93
DFA INVESTMENT GRADE PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
General Motors Co.
# 4.200%, 10/01/27............................. 2,000 $ 1,913,995
General Motors Financial Co., Inc.
# 5.250%, 03/01/26............................. 17,826 18,531,856
# 4.350%, 01/17/27............................. 4,942 4,809,643
Georgia Power Co.
2.850%, 05/15/22............................. 1,830 1,787,688
3.250%, 04/01/26............................. 3,000 2,867,842
3.250%, 03/30/27............................. 14,966 14,228,822
Georgia-Pacific LLC
7.750%, 11/15/29............................. 1,000 1,338,292
Gilead Sciences, Inc.
2.050%, 04/01/19............................. 175 174,154
# 4.400%, 12/01/21............................. 1,414 1,467,547
# 3.700%, 04/01/24............................. 10,612 10,694,432
3.650%, 03/01/26............................. 8,806 8,700,761
Goldman Sachs Group, Inc. (The)
6.000%, 06/15/20............................. 42 44,411
5.250%, 07/27/21............................. 2,240 2,368,067
4.000%, 03/03/24............................. 21,404 21,475,075
# 3.750%, 05/22/25............................. 7,413 7,240,463
3.750%, 02/25/26............................. 2,000 1,936,195
Great Plains Energy, Inc.
4.850%, 06/01/21............................. 2,466 2,542,795
Halliburton Co.
3.500%, 08/01/23............................. 6,399 6,370,377
# 3.800%, 11/15/25............................. 2,441 2,422,086
Harley-Davidson, Inc.
3.500%, 07/28/25............................. 5,593 5,433,274
Harris Corp.
2.700%, 04/27/20............................. 497 492,819
Hartford Financial Services Group, Inc. (The)
5.125%, 04/15/22............................. 6,737 7,137,392
Hasbro, Inc.
3.500%, 09/15/27............................. 3,300 3,037,392
Hewlett Packard Enterprise Co.
# 4.900%, 10/15/25............................. 2,965 3,046,280
Home Depot, Inc. (The)
# 2.700%, 04/01/23............................. 1,280 1,247,616
3.350%, 09/15/25............................. 3,642 3,589,625
Honeywell International, Inc.
# 2.500%, 11/01/26............................. 9,698 8,870,768
Hormel Foods Corp.
4.125%, 04/15/21............................. 1,479 1,519,280
Humana, Inc.
3.850%, 10/01/24............................. 7,825 7,823,215
Huntington Bancshares, Inc.
3.150%, 03/14/21............................. 1,582 1,575,000
2.300%, 01/14/22............................. 3,292 3,163,645
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
Hyatt Hotels Corp.
3.375%, 07/15/23............................. 1,936 $ 1,901,079
Illinois Tool Works, Inc.
1.950%, 03/01/19............................. 310 308,588
3.500%, 03/01/24............................. 6,399 6,451,131
Indiana Michigan Power Co.
7.000%, 03/15/19............................. 261 270,178
Intel Corp.
# 2.700%, 12/15/22............................. 931 911,978
# 3.150%, 05/11/27............................. 2,500 2,408,357
4.000%, 12/15/32............................. 3,200 3,264,298
International Business Machines Corp.
2.250%, 02/19/21............................. 19,769 19,424,850
3.375%, 08/01/23............................. 4,409 4,394,362
# 3.625%, 02/12/24............................. 9,600 9,617,760
# 3.300%, 01/27/27............................. 26,154 25,397,003
International Paper Co.
3.650%, 06/15/24............................. 7,850 7,722,449
3.800%, 01/15/26............................. 3,050 2,970,304
Interpublic Group of Cos., Inc. (The)
4.200%, 04/15/24............................. 3,903 3,924,980
ITC Holdings Corp.
3.650%, 06/15/24............................. 9,714 9,577,887
Janus Capital Group, Inc.
4.875%, 08/01/25............................. 9,046 9,367,519
Jefferies Group LLC / Jefferies Group Capital
Finance, Inc.
4.850%, 01/15/27............................. 4,843 4,829,531
JM Smucker Co. (The)
3.500%, 03/15/25............................. 6,042 5,866,788
John Deere Capital Corp.
2.550%, 01/08/21............................. 9,591 9,438,390
3.350%, 06/12/24............................. 6,195 6,126,596
Johnson & Johnson
1.650%, 03/01/21............................. 1,483 1,440,166
3.375%, 12/05/23............................. 6,399 6,462,271
2.450%, 03/01/26............................. 3,212 2,981,823
JPMorgan Chase & Co.
4.350%, 08/15/21............................. 1,986 2,052,030
# 3.625%, 05/13/24............................. 12,131 12,039,788
3.900%, 07/15/25............................. 13,351 13,267,595
Juniper Networks, Inc.
4.600%, 03/15/21............................. 2,560 2,614,925
4.500%, 03/15/24............................. 4,224 4,292,122
Kellogg Co.
3.250%, 04/01/26............................. 13,739 12,948,315
# 3.400%, 11/15/27............................. 14,600 13,701,952
7.450%, 04/01/31............................. 5,259 6,676,437
KeyBank NA
2.500%, 12/15/19............................. 153 151,980
KeyCorp
2.900%, 09/15/20............................. 1,449 1,438,713
# 5.100%, 03/24/21............................. 1,395 1,463,581
94
DFA INVESTMENT GRADE PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
Kimberly-Clark Corp.
1.900%, 05/22/19............................. 491 $ 487,890
2.400%, 06/01/23............................. 1,920 1,843,253
Kohl's Corp.
4.750%, 12/15/23............................. 1,417 1,459,453
Kraft Heinz Foods Co.
3.500%, 06/06/22............................. 9,148 9,099,950
3.950%, 07/15/25............................. 11,515 11,325,492
Kroger Co. (The)
# 3.850%, 08/01/23............................. 3,341 3,344,723
7.500%, 04/01/31............................. 7,660 9,554,858
L3 Technologies, Inc.
4.750%, 07/15/20............................. 544 562,543
3.950%, 05/28/24............................. 2,469 2,459,113
Laboratory Corp. of America Holdings
4.000%, 11/01/23............................. 3,840 3,875,760
3.600%, 09/01/27............................. 2,500 2,385,816
Lam Research Corp.
3.800%, 03/15/25............................. 4,094 4,062,775
Legg Mason, Inc.
3.950%, 07/15/24............................. 4,736 4,678,032
4.750%, 03/15/26............................. 2,007 2,066,683
Liberty Mutual Group, Inc.
## 5.000%, 06/01/21............................. 6,665 6,930,222
Lincoln National Corp.
6.250%, 02/15/20............................. 117 123,023
Lockheed Martin Corp.
2.900%, 03/01/25............................. 4,480 4,250,942
3.550%, 01/15/26............................. 4,800 4,726,020
Loews Corp.
2.625%, 05/15/23............................. 3,761 3,604,653
# 3.750%, 04/01/26............................. 10,670 10,584,963
Lowe's Cos., Inc.
3.120%, 04/15/22............................. 292 $ 292,354
# 3.375%, 09/15/25............................. 5,183 5,093,031
Magellan Midstream Partners L.P.
4.250%, 02/01/21............................. 1,516 1,545,441
Manufacturers & Traders Trust Co.
2.100%, 02/06/20............................. 893 878,363
2.900%, 02/06/25............................. 8,028 7,674,589
Marathon Petroleum Corp.
3.625%, 09/15/24............................. 8,191 8,043,746
Marriott International, Inc.
# 2.875%, 03/01/21............................. 1,009 998,831
4.000%, 04/15/28............................. 7,900 7,719,501
Marsh & McLennan Cos., Inc.
2.350%, 09/10/19............................. 523 518,624
3.500%, 06/03/24............................. 8,320 8,192,155
MasterCard, Inc.
# 3.375%, 04/01/24............................. 1,787 1,789,189
Mastercard, Inc.
# 2.950%, 11/21/26............................. 2,700 2,582,133
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
Maxim Integrated Products, Inc.
3.450%, 06/15/27............................. 5,931 $ 5,683,399
McDonald's Corp.
# 2.200%, 05/26/20............................. 802 790,997
# 3.500%, 07/15/20............................. 4,915 4,970,938
# 2.625%, 01/15/22............................. 1,856 1,822,006
McKesson Corp.
3.796%, 03/15/24............................. 4,348 4,315,823
Mead Johnson Nutrition Co.
4.125%, 11/15/25............................. 5,931 6,024,116
Merck & Co., Inc.
2.800%, 05/18/23............................. 13,759 13,434,869
# 2.750%, 02/10/25............................. 11,609 11,091,974
MetLife, Inc.
3.600%, 04/10/24............................. 16,140 16,141,155
Microsoft Corp.
1.625%, 12/06/18............................. 962 958,329
1.850%, 02/12/20............................. 122 120,347
# 3.000%, 10/01/20............................. 1,033 1,041,364
# 2.000%, 11/03/20............................. 8,600 8,453,937
# 3.625%, 12/15/23............................. 9,289 9,460,751
2.700%, 02/12/25............................. 1,920 1,837,290
3.125%, 11/03/25............................. 3,109 3,032,942
2.400%, 08/08/26............................. 29,634 27,211,076
3.300%, 02/06/27............................. 24,692 24,157,063
Mobil Corp.
8.625%, 08/15/21............................. 1,288 1,513,005
Molson Coors Brewing Co.
# 3.500%, 05/01/22............................. 2,787 2,774,130
3.000%, 07/15/26............................. 15,466 14,158,447
Monsanto Co.
1.850%, 11/15/18............................. 2,925 2,912,063
2.125%, 07/15/19............................. 261 258,646
5.500%, 08/15/25............................. 2,240 2,422,202
Morgan Stanley
7.300%, 05/13/19............................. 235 245,627
# 2.500%, 04/21/21............................. 2,471 2,414,063
5.500%, 07/28/21............................. 865 919,064
3.875%, 04/29/24............................. 11,982 11,991,850
3.875%, 01/27/26............................. 16,453 16,200,431
3.625%, 01/20/27............................. 1,500 1,445,159
Mosaic Co. (The)
4.250%, 11/15/23............................. 3,965 3,971,566
4.050%, 11/15/27............................. 6,000 5,665,189
Motorola Solutions, Inc.
3.750%, 05/15/22............................. 3,200 3,181,737
3.500%, 03/01/23............................. 3,200 3,130,789
MPLX L.P.
4.125%, 03/01/27............................. 6,448 6,284,876
Nasdaq, Inc.
# 4.250%, 06/01/24............................. 2,816 2,838,894
National Oilwell Varco, Inc.
2.600%, 12/01/22............................. 8,023 7,643,799
95
DFA INVESTMENT GRADE PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
National Rural Utilities Cooperative Finance
Corp.
8.000%, 03/01/32............................. 2,708 $ 3,766,758
NetApp, Inc.
3.250%, 12/15/22............................. 1,088 1,062,657
Newell Brands, Inc.
4.000%, 06/15/22............................. 6,483 6,457,375
NextEra Energy Capital Holdings, Inc.
4.500%, 06/01/21............................. 828 852,872
# 3.550%, 05/01/27............................. 20,641 19,809,620
NIKE, Inc.
# 2.375%, 11/01/26............................. 28,083 25,630,920
NiSource, Inc.
3.850%, 02/15/23............................. 2,335 2,349,843
Noble Energy, Inc.
4.150%, 12/15/21............................. 1,717 1,745,184
3.900%, 11/15/24............................. 1,556 1,544,788
3.850%, 01/15/28............................. 1,000 962,955
Nordstrom, Inc.
4.750%, 05/01/20............................. 1,337 1,374,958
# 4.000%, 10/15/21............................. 960 971,518
# 4.000%, 03/15/27............................. 12,652 12,132,297
Norfolk Southern Corp.
2.903%, 02/15/23............................. 4,480 4,367,904
Northern Trust Corp.
3.375%, 08/23/21............................. 1,920 1,939,655
Northrop Grumman Corp.
3.250%, 08/01/23............................. 988 973,991
Nuveen Finance LLC
## 4.125%, 11/01/24............................. 2,748 2,755,416
O'Reilly Automotive, Inc.
3.800%, 09/01/22............................. 722 732,866
# 3.600%, 09/01/27............................. 18,580 17,627,489
Occidental Petroleum Corp.
2.700%, 02/15/23............................. 420 407,598
# 3.400%, 04/15/26............................. 7,291 7,125,639
3.000%, 02/15/27............................. 7,118 6,740,829
Ohio Power Co.
5.375%, 10/01/21............................. 2,308 2,459,028
Omnicom Group, Inc. / Omnicom Capital, Inc.
3.650%, 11/01/24............................. 3,257 3,192,099
ONE Gas, Inc.
2.070%, 02/01/19............................. 491 489,202
ONEOK, Inc.
# 4.000%, 07/13/27............................. 6,623 6,429,276
Oracle Corp.
2.950%, 05/15/25............................. 27,858 26,681,325
2.650%, 07/15/26............................. 39,785 36,804,783
3.250%, 11/15/27............................. 26,794 25,711,572
Pacific Gas & Electric Co.
3.850%, 11/15/23............................. 3,200 3,198,716
3.750%, 02/15/24............................. 6,502 6,430,021
3.500%, 06/15/25............................. 4,288 4,126,596
2.950%, 03/01/26............................. 2,000 1,842,156
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
Packaging Corp. of America
# 4.500%, 11/01/23............................. 3,888 $ 3,997,724
Parker-Hannifin Corp.
3.300%, 11/21/24............................. 6,093 6,027,081
Penske Truck Leasing Co. L.P. / PTL Finance Corp.
## 3.400%, 11/15/26............................. 1,000 937,426
PepsiCo, Inc.
# 2.150%, 10/14/20............................. 6,428 6,327,027
2.750%, 03/05/22............................. 2,810 2,774,427
# 2.750%, 03/01/23............................. 4,480 4,387,979
3.500%, 07/17/25............................. 13,489 13,439,453
Pfizer, Inc.
3.000%, 06/15/23............................. 1,920 1,912,354
# 3.400%, 05/15/24............................. 6,399 6,373,534
# 3.000%, 12/15/26............................. 42,108 40,287,081
Philip Morris International, Inc.
# 3.250%, 11/10/24............................. 7,098 6,888,614
Phillips 66
4.300%, 04/01/22............................. 4,235 4,382,384
Phillips 66 Partners L.P.
# 3.550%, 10/01/26............................. 21,603 20,371,204
PNC Bank NA
3.300%, 10/30/24............................. 3,788 3,702,008
2.950%, 02/23/25............................. 8,093 7,700,166
# 3.250%, 06/01/25............................. 8,000 7,737,913
PNC Financial Services Group, Inc. (The)
4.375%, 08/11/20............................. 267 273,872
# 3.300%, 03/08/22............................. 795 791,696
PPG Industries, Inc.
3.750%, 03/15/28............................. 3,357 3,324,871
PPL Capital Funding, Inc.
3.400%, 06/01/23............................. 4,857 4,767,748
3.100%, 05/15/26............................. 9,200 8,556,729
Praxair, Inc.
2.200%, 08/15/22............................. 800 766,569
Precision Castparts Corp.
2.500%, 01/15/23............................. 7,769 7,507,483
3.250%, 06/15/25............................. 30,987 30,284,112
Principal Financial Group, Inc.
3.125%, 05/15/23............................. 4,444 4,338,475
3.400%, 05/15/25............................. 5,700 5,532,931
3.100%, 11/15/26............................. 4,547 4,259,808
Private Export Funding Corp.
# 4.300%, 12/15/21............................. 900 943,537
Procter & Gamble Co. (The)
1.850%, 02/02/21............................. 1,515 1,474,708
2.450%, 11/03/26............................. 1,077 992,503
# 2.850%, 08/11/27............................. 12,850 12,114,376
96
DFA INVESTMENT GRADE PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
Progress Energy, Inc.
4.875%, 12/01/19............................. 547 $ 560,267
4.400%, 01/15/21............................. 1,225 1,253,982
7.750%, 03/01/31............................. 2,500 3,349,171
Progressive Corp. (The)
3.750%, 08/23/21 4,352 4,427,141
Prudential Financial, Inc.
# 4.500%, 11/15/20............................. 357 368,607
# 3.500%, 05/15/24............................. 9,600 9,564,395
PSEG Power LLC
2.450%, 11/15/18............................. 523 521,860
5.125%, 04/15/20............................. 2,243 2,320,814
4.300%, 11/15/23............................. 5,815 5,912,423
Puget Energy, Inc.
6.000%, 09/01/21............................. 7,900 8,475,578
QUALCOMM, Inc.
2.250%, 05/20/20............................. 537 528,468
# 3.450%, 05/20/25............................. 11,243 10,759,019
Quest Diagnostics, Inc.
3.500%, 03/30/25............................. 384 373,686
Raytheon Co.
# 3.125%, 10/15/20............................. 4,003 4,020,183
2.500%, 12/15/22............................. 383 370,827
Reinsurance Group of America, Inc.
5.000%, 06/01/21............................. 960 998,202
4.700%, 09/15/23............................. 3,840 3,950,771
3.950%, 09/15/26............................. 9,489 9,313,657
Republic Services, Inc.
5.500%, 09/15/19............................. 129 133,484
3.550%, 06/01/22............................. 4,488 4,490,423
Reynolds American, Inc.
6.875%, 05/01/20............................. 4,048 4,325,325
Rockwell Automation, Inc.
2.875%, 03/01/25............................. 5,738 5,463,445
Roper Technologies, Inc.
3.000%, 12/15/20............................. 1,285 1,277,479
Ryder System, Inc.
# 2.450%, 09/03/19............................. 120 119,180
Santander Holdings USA, Inc.
4.400%, 07/13/27............................. 2,000 1,957,264
Sempra Energy
2.850%, 11/15/20............................. 5,338 5,274,607
4.050%, 12/01/23............................. 4,205 4,276,409
3.550%, 06/15/24............................. 6,528 6,423,202
Sherwin-Williams Co. (The)
# 3.450%, 08/01/25............................. 6,794 6,585,396
Southern Co. (The)
3.250%, 07/01/26............................. 7,804 7,325,147
Southern Power Co.
4.150%, 12/01/25............................. 1,433 1,448,194
Southwest Airlines Co.
2.650%, 11/05/20............................. 5,140 5,075,318
3.000%, 11/15/26............................. 9,166 8,595,875
FACE
AMOUNT^ VALUE+
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(000)
UNITED STATES -- (Continued)
Southwest Gas Corp.
3.700%, 04/01/28............................. 2,900 $ 2,878,685
Spectra Energy Partners L.P.
4.750%, 03/15/24............................. 1,915 1,963,677
StanCorp Financial Group, Inc.
5.000%, 08/15/22............................. 3,200 3,348,665
Starbucks Corp.
3.850%, 10/01/23............................. 1,231 1,261,118
State Street Corp.
4.375%, 03/07/21............................. 2,096 2,174,432
1.950%, 05/19/21............................. 2,356 2,280,514
3.300%, 12/16/24............................. 13,947 13,714,709
3.550%, 08/18/25............................. 8,254 8,202,484
Stryker Corp.
2.625%, 03/15/21............................. 896 883,787
3.375%, 05/15/24............................. 512 504,904
3.375%, 11/01/25............................. 10,289 10,058,362
SunTrust Bank
2.750%, 05/01/23............................. 3,172 3,049,188
SunTrust Banks, Inc.
2.900%, 03/03/21............................. 3,460 3,424,372
Sysco Corp.
2.600%, 10/01/20............................. 2,965 2,931,218
3.300%, 07/15/26............................. 15,704 14,995,256
Tapestry, Inc.
4.250%, 04/01/25............................. 16,805 16,508,382
Target Corp.
2.900%, 01/15/22............................. 3,559 3,544,392
# 2.500%, 04/15/26............................. 4,468 4,076,090
TD Ameritrade Holding Corp.
5.600%, 12/01/19............................. 210 218,419
# 2.950%, 04/01/22............................. 1,785 1,754,013
# 3.625%, 04/01/25............................. 7,358 7,325,403
Texas Instruments, Inc.
2.250%, 05/01/23............................. 657 629,712
Time Warner, Inc.
# 4.750%, 03/29/21............................. 1,089 1,131,911
4.000%, 01/15/22............................. 1,152 1,170,386
# 3.550%, 06/01/24............................. 4,480 4,376,924
3.600%, 07/15/25............................. 10,695 10,329,419
3.800%, 02/15/27............................. 5,417 5,236,278
Total System Services, Inc.
4.800%, 04/01/26............................. 5,931 6,162,395
Travelers Cos., Inc. (The)
3.900%, 11/01/20............................. 5,931 6,033,882
Tyson Foods, Inc.
4.500%, 06/15/22............................. 5,527 5,717,079
U.S. Bancorp
# 2.350%, 01/29/21............................. 806 791,355
U.S. Bank NA
2.800%, 01/27/25............................. 5,950 5,634,068
Unilever Capital Corp.
2.000%, 07/28/26............................. 1,900 1,677,362
97
DFA INVESTMENT GRADE PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Union Pacific Corp.
2.250%, 02/15/19............................. 332 $ 330,984
2.750%, 04/15/23............................. 640 619,896
3.250%, 01/15/25............................. 9,515 9,325,766
United Parcel Service, Inc.
# 3.050%, 11/15/27............................. 1,085 1,030,427
United Technologies Corp.
# 3.100%, 06/01/22............................. 158 156,197
7.500%, 09/15/29............................. 615 787,918
UnitedHealth Group, Inc.
2.750%, 02/15/23............................. 8,672 8,420,315
# 2.875%, 03/15/23............................. 5,760 5,619,629
3.750%, 07/15/25............................. 11,730 11,717,458
3.100%, 03/15/26............................. 1,290 1,230,860
Unum Group
4.000%, 03/15/24............................. 5,051 5,064,628
3.875%, 11/05/25............................. 1,977 1,917,407
Valero Energy Corp.
9.375%, 03/15/19............................. 73 77,047
3.400%, 09/15/26............................. 7,918 7,562,148
Verizon Communications, Inc.
# 3.500%, 11/01/24............................. 1,186 1,164,648
3.376%, 02/15/25............................. 18,194 17,661,874
# 2.625%, 08/15/26............................. 2,026 1,817,452
4.125%, 03/16/27............................. 2,000 1,995,523
Viacom, Inc.
2.750%, 12/15/19............................. 293 290,261
4.500%, 03/01/21............................. 1,856 1,905,337
4.250%, 09/01/23............................. 640 643,341
# 3.875%, 04/01/24............................. 4,899 4,795,934
Visa, Inc.
3.150%, 12/14/25............................. 14,555 14,179,526
Walgreen Co.
3.100%, 09/15/22............................. 6,807 6,647,830
Walgreens Boots Alliance, Inc.
3.300%, 11/18/21............................. 12,828 12,775,919
3.450%, 06/01/26............................. 2,965 2,778,657
Walmart, Inc.
# 2.550%, 04/11/23............................. 6,748 6,544,175
3.300%, 04/22/24............................. 6,704 6,703,838
Walt Disney Co. (The)
# 3.150%, 09/17/25............................. 9,588 9,399,666
Waste Management, Inc.
4.600%, 03/01/21............................. 1,831 1,897,153
3.500%, 05/15/24............................. 4,942 4,899,944
3.125%, 03/01/25............................. 3,460 3,317,663
WEC Energy Group, Inc.
2.450%, 06/15/20............................. 1,658 1,634,441
3.550%, 06/15/25............................. 6,271 6,154,687
Wells Fargo & Co.
2.600%, 07/22/20............................. 297 293,884
# 3.500%, 03/08/22............................. 8,768 8,752,865
3.000%, 02/19/25............................. 16,264 15,266,911
3.000%, 04/22/26............................. 2,771 2,556,524
FACE
AMOUNT^ VALUE+
------- ------
(000)
UNITED STATES -- (Continued)
Western Union Co. (The)
5.253%, 04/01/20............................. 2,283 $ 2,359,058
WestRock MWV LLC
8.200%, 01/15/30............................. 19,367 25,937,709
Whirlpool Corp.
4.700%, 06/01/22............................. 1,920 1,999,055
# 3.700%, 05/01/25............................. 15,463 15,228,805
Williams Partners L.P.
4.000%, 09/15/25............................. 11,614 11,279,004
3.750%, 06/15/27............................. 7,263 6,825,279
Wisconsin Electric Power Co.
3.100%, 06/01/25............................. 3,200 3,092,965
Wm Wrigley Jr Co.
## 2.900%, 10/21/19............................. 174 173,955
Wyndham Worldwide Corp.
# 3.900%, 03/01/23............................. 7,541 7,143,866
Xerox Corp.
4.070%, 03/17/22............................. 1,125 1,117,208
# 3.800%, 05/15/24............................. 4,290 4,156,052
Zimmer Biomet Holdings, Inc.
3.550%, 04/01/25............................. 5,634 5,422,226
Zoetis, Inc.
3.000%, 09/12/27............................. 16,275 15,043,222
--------------
TOTAL UNITED STATES.............................. 3,326,212,636
--------------
TOTAL BONDS...................................... 4,585,515,233
--------------
AGENCY OBLIGATIONS -- (17.0%)
Federal Farm Credit Bank
5.320%, 09/03/19............................. 6,305 6,542,957
5.150%, 11/15/19............................. 5,233 5,441,802
4.670%, 05/07/20............................. 1,658 1,725,981
5.350%, 08/07/20............................. 1,984 2,102,306
3.650%, 12/21/20............................. 13,026 13,344,733
5.250%, 03/02/21............................. 1,806 1,929,756
5.220%, 02/22/22............................. 1,480 1,607,122
5.210%, 12/19/22............................. 6,276 6,898,868
4.800%, 02/13/23............................. 576 624,080
5.250%, 03/06/23............................. 1,776 1,961,514
5.220%, 05/15/23............................. 14,240 15,753,926
2.630%, 08/03/26............................. 5,760 5,537,376
5.770%, 01/05/27............................. 1,920 2,292,854
Federal Home Loan Bank
1.875%, 03/13/20............................. 37,260 36,819,438
4.125%, 03/13/20............................. 26,560 27,310,054
3.000%, 03/18/20............................. 5,350 5,392,656
# 3.375%, 06/12/20............................. 8,435 8,571,335
2.875%, 09/11/20............................. 4,355 4,373,226
4.625%, 09/11/20............................. 7,590 7,941,516
3.125%, 12/11/20............................. 1,775 1,792,762
5.250%, 12/11/20............................. 2,235 2,383,181
1.750%, 03/12/21............................. 11,970 11,651,011
5.000%, 03/12/21............................. 1,535 1,633,556
2.250%, 06/11/21............................. 20,725 20,364,675
98
DFA INVESTMENT GRADE PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
------- ------
(000)
3.625%, 06/11/21............................. 2,970 $ 3,050,134
5.625%, 06/11/21............................. 10,945 11,875,489
2.375%, 09/10/21............................. 11,650 11,523,656
# 3.000%, 09/10/21............................. 9,245 9,330,054
2.625%, 12/10/21............................. 31,855 31,676,230
5.000%, 12/10/21............................. 13,470 14,466,430
2.250%, 03/11/22............................. 2,960 2,899,054
2.500%, 03/11/22............................. 3,255 3,222,720
5.250%, 06/10/22............................. 2,440 2,678,056
5.750%, 06/10/22............................. 5,775 6,442,353
# 2.000%, 09/09/22............................. 4,805 4,641,880
5.375%, 09/30/22............................. 18,760 20,745,859
5.250%, 12/09/22............................. 4,440 4,913,184
4.750%, 03/10/23............................. 14,565 15,773,429
3.250%, 06/09/23............................. 10,360 10,538,399
2.500%, 12/08/23............................. 9,885 9,657,704
3.250%, 03/08/24............................. 29,405 29,816,405
2.875%, 06/14/24............................. 4,845 4,819,045
5.375%, 08/15/24............................. 5,490 6,229,327
5.365%, 09/09/24............................. 600 680,329
2.875%, 09/13/24............................. 65,240 64,690,940
2.750%, 12/13/24............................. 75,120 73,809,757
4.375%, 03/13/26............................. 5,950 6,404,794
5.750%, 06/12/26............................. 11,775 13,977,620
Federal Home Loan Mortgage Corp.
# 6.750%, 09/15/29............................. 18,505 24,529,932
6.750%, 03/15/31............................. 22,231 30,126,495
6.250%, 07/15/32............................. 20,757 27,533,517
Federal National Mortgage Association
1.500%, 06/22/20............................. 4,496 4,396,234
# 1.250%, 05/06/21............................. 4,942 4,743,228
2.000%, 01/05/22............................. 22,734 22,093,811
# 2.375%, 01/19/23............................. 38,550 37,694,845
2.625%, 09/06/24............................. 151,431 147,987,762
2.125%, 04/24/26............................. 62,470 58,170,003
# 1.875%, 09/24/26............................. 100,229 90,714,963
6.250%, 05/15/29............................. 52,706 67,084,355
7.125%, 01/15/30............................. 6,399 8,756,500
7.250%, 05/15/30............................. 21,301 29,568,919
6.625%, 11/15/30............................. 110,212 147,271,997
Tennessee Valley Authority
3.875%, 02/15/21............................. 31,374 32,361,810
# 1.875%, 08/15/22............................. 37,801 36,355,830
# 2.875%, 09/15/24............................. 55,279 54,692,379
6.750%, 11/01/25............................. 25,327 31,478,650
2.875%, 02/01/27............................. 16,804 16,303,795
7.125%, 05/01/30............................. 42,633 58,508,591
--------------
TOTAL AGENCY OBLIGATIONS......................... 1,488,233,149
--------------
U.S. TREASURY OBLIGATIONS -- (26.2%)
U.S. Treasury Bonds
8.125%, 05/15/21............................. 36,590 42,419,638
8.125%, 08/15/21............................. 35,376 41,439,550
FACE
AMOUNT^ VALUE+
------- ------
(000)
7.250%, 08/15/22............................. 28,625 $ 33,858,889
6.250%, 08/15/23............................. 51,143 59,765,741
7.500%, 11/15/24............................. 49,371 63,003,570
6.875%, 08/15/25............................. 39,904 50,337,092
6.000%, 02/15/26............................. 44,152 53,644,073
# 6.750%, 08/15/26............................. 38,863 49,837,371
6.625%, 02/15/27............................. 44,651 57,470,464
6.125%, 11/15/27............................. 29,406 37,164,635
5.250%, 11/15/28............................. 10,442 12,600,678
5.250%, 02/15/29............................. 99,685 120,712,305
6.125%, 08/15/29............................. 25,585 33,325,071
6.250%, 05/15/30............................. 25,710 34,215,656
5.375%, 02/15/31............................. 70,000 87,830,859
U.S. Treasury Notes
2.000%, 09/30/20............................. 41,723 41,162,742
3.625%, 02/15/21............................. 39,044 40,100,728
3.125%, 05/15/21............................. 40,000 40,540,625
1.125%, 07/31/21............................. 24,711 23,520,138
1.250%, 10/31/21............................. 49,423 47,049,834
2.000%, 10/31/21............................. 54,125 52,862,593
1.625%, 08/15/22............................. 88,961 84,912,198
2.125%, 12/31/22............................. 24,711 24,004,711
# 1.500%, 02/28/23............................. 76,308 71,867,013
1.500%, 03/31/23............................. 86,984 81,812,248
1.750%, 05/15/23............................. 68,203 64,830,244
1.250%, 07/31/23............................. 39,538 36,515,505
2.750%, 02/15/24............................. 70,834 70,427,457
2.500%, 05/15/24............................. 86,868 85,069,757
2.250%, 11/15/24............................. 67,709 65,103,694
2.000%, 02/15/25............................. 24,711 23,329,012
2.125%, 05/15/25............................. 108,730 103,254,895
2.000%, 08/15/25............................. 150,000 140,917,968
2.250%, 11/15/25............................. 68,895 65,727,445
1.625%, 02/15/26............................. 64,249 58,404,120
1.625%, 05/15/26............................. 125,533 113,749,751
1.500%, 08/15/26............................. 103,787 92,808,550
2.250%, 11/15/27............................. 84,018 79,138,018
--------------
TOTAL U.S. TREASURY OBLIGATIONS.................... 2,284,734,838
--------------
TOTAL INVESTMENT SECURITIES........................ 8,358,483,220
--------------
SHARES
------
SECURITIES LENDING COLLATERAL -- (4.3%)
(S)@ DFA Short Term Investment Fund............... 32,793,645 379,422,475
--------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $9,024,119,559)............................ $8,737,905,695
==============
99
DFA INVESTMENT GRADE PORTFOLIO
CONTINUED
At April 30, 2018, DFA Investment Grade Portfolio had entered into the
following forward currency contracts and the net unrealized forward currency
gain (loss) is reflected in the accompanying financial statements:
UNREALIZED
FOREIGN
EXCHANGE
SETTLEMENT APPRECIATION
CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION)
------------------ --------------- ---------------------------- ------------------ --------------
USD.. 76,928,497 EUR 62,393,359 State Street Bank and Trust 07/06/18 $1,206,627
USD.. 94,407,303 SEK 780,835,912 State Street Bank and Trust 07/09/18 4,764,939
USD.. 24,011,672 CAD 30,216,069 JP Morgan 07/13/18 437,864
----------
TOTAL APPRECIATION $6,409,430
==========
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
---------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- -------------- ------- --------------
Bonds
Australia.............................. -- $ 146,509,826 -- $ 146,509,826
Austria................................ -- 1,939,622 -- 1,939,622
Belgium................................ -- 8,778,808 -- 8,778,808
Canada................................. -- 131,928,280 -- 131,928,280
Denmark................................ -- 33,773,961 -- 33,773,961
France................................. -- 67,439,904 -- 67,439,904
Germany................................ -- 80,801,234 -- 80,801,234
Ireland................................ -- 37,613,556 -- 37,613,556
Italy.................................. -- 21,013,427 -- 21,013,427
Japan.................................. -- 96,993,583 -- 96,993,583
Liberia................................ -- 2,634,113 -- 2,634,113
Netherlands............................ -- 167,502,458 -- 167,502,458
Norway................................. -- 18,491,769 -- 18,491,769
Spain.................................. -- 46,977,679 -- 46,977,679
Supranational Organization Obligations. -- 40,201,460 -- 40,201,460
Sweden................................. -- 102,750,608 -- 102,750,608
Switzerland............................ -- 84,662,763 -- 84,662,763
United Kingdom......................... -- 169,289,546 -- 169,289,546
United States.......................... -- 3,326,212,636 -- 3,326,212,636
Agency Obligations....................... -- 1,488,233,149 -- 1,488,233,149
U.S. Treasury Obligations................ -- 2,284,734,838 -- 2,284,734,838
Securities Lending Collateral............ -- 379,422,475 -- 379,422,475
Forward Currency Contracts**............. -- 6,409,430 -- 6,409,430
-- -------------- -- --------------
TOTAL.................................... -- $8,744,315,125 -- $8,744,315,125
== ============== == ==============
**Valued at the unrealized appreciation/(depreciation) on the investment.
See accompanying Notes to Financial Statements.
100
DFA DIVERSIFIED FIXED INCOME PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
----------- ------------
(000)
U.S. TREASURY OBLIGATIONS -- (19.7%)
Treasury Inflation Protected Security
0.125%, 04/15/20........................................... $ 22,007 $ 23,198,011
0.125%, 04/15/21........................................... 25,686 26,600,143
0.125%, 01/15/22........................................... 10,500 11,355,108
0.125%, 04/15/22........................................... 14,300 14,334,929
0.125%, 01/15/23........................................... 13,600 14,324,564
0.625%, 01/15/24........................................... 11,900 12,659,850
2.375%, 01/15/25........................................... 23,573 34,539,901
------------
TOTAL U.S. TREASURY OBLIGATIONS............................. 137,012,506
------------
SHARES
-----------
AFFILIATED INVESTMENT COMPANIES -- (79.9%)
Investment in DFA Intermediate Government Fixed Income
Portfolio of DFA Investment Dimensions Group Inc......... 29,007,551 347,510,457
Investment in DFA Two-Year Global Fixed Income Portfolio
of DFA Investment Dimensions Group Inc................... 20,939,878 207,095,390
------------
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES........ 554,605,847
------------
TOTAL INVESTMENT SECURITIES................................. 691,618,353
------------
SHARES VALUE+
----------- ------------
TEMPORARY CASH INVESTMENTS -- (0.4%)
State Street Institutional U.S. Government Money Market
Fund, 1.630%............................................... 2,671,144 2,671,144
------------
TOTAL INVESTMENTS -- (100.0%) (Cost $712,007,016)........... $694,289,497
============
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
----------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------------ ------------ ------- ------------
U.S. Treasury Obligations.......... -- $137,012,506 -- $137,012,506
Affiliated Investment Companies.... $554,605,847 -- -- 554,605,847
Temporary Cash Investments......... 2,671,144 -- -- 2,671,144
------------ ------------ -- ------------
TOTAL.............................. $557,276,991 $137,012,506 -- $694,289,497
============ ============ == ============
See accompanying Notes to Financial Statements.
101
DFA LTIP PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT^^^ VALUE+
--------- ------------
(000)
U.S. TREASURY OBLIGATIONS -- (100.0%)
Treasury Inflation Protected Security
0.625%, 02/15/43........................................... $22,942 $ 23,278,952
1.375%, 02/15/44........................................... 16,878 19,920,521
0.750%, 02/15/45........................................... 51,581 52,226,355
1.000%, 02/15/46........................................... 49,140 52,532,261
0.875%, 02/15/47........................................... 25,425 25,866,818
------------
TOTAL U.S. TREASURY OBLIGATIONS............................. 173,824,907
------------
TOTAL INVESTMENTS -- (100.0%) (Cost $171,923,195)........... $173,824,907
------------
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
-----------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- ------------ ------- ------------
U.S. Treasury Obligations.......... -- $173,824,907 -- $173,824,907
-- ------------ -- ------------
TOTAL.............................. -- $173,824,907 -- $173,824,907
== ============ == ============
See accompanying Notes to Financial Statements.
102
DFA INFLATION-PROTECTED SECURITIES PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT^^^ VALUE+
----------- --------------
(000)
U.S. TREASURY OBLIGATIONS -- (99.7%)
Treasury Inflation Protected Security
0.125%, 01/15/23........................................... $ -- $ 122
0.625%, 01/15/24........................................... 137,800 146,598,935
0.125%, 07/15/24........................................... 249,000 252,896,424
0.250%, 01/15/25........................................... 367,000 373,914,478
2.375%, 01/15/25........................................... 199,500 292,309,957
0.375%, 07/15/25........................................... 340,000 349,243,406
0.625%, 01/15/26........................................... 435,000 451,692,126
2.000%, 01/15/26........................................... 188,800 259,431,372
0.125%, 07/15/26........................................... 413,700 409,797,256
0.375%, 01/15/27........................................... 428,000 426,779,450
2.375%, 01/15/27........................................... 160,500 225,211,876
0.375%, 07/15/27........................................... 355,500 350,332,009
1.750%, 01/15/28........................................... 168,700 218,582,925
3.625%, 04/15/28........................................... 124,500 243,416,755
2.500%, 01/15/29........................................... 165,500 225,250,192
3.875%, 04/15/29........................................... 131,745 263,023,895
3.375%, 04/15/32........................................... 54,000 100,814,162
--------------
TOTAL U.S. TREASURY OBLIGATIONS............................. 4,589,295,340
--------------
SHARES
-----------
TEMPORARY CASH INVESTMENTS -- (0.3%)
State Street Institutional U.S. Government Money Market
Fund, 1.630%............................................... 12,606,412 12,606,412
--------------
TOTAL INVESTMENTS -- (100.0%) (Cost $4,631,197,702)......... $4,601,901,752
==============
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
-------------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
----------- -------------- ------- --------------
U.S. Treasury Obligations.......... -- $4,589,295,340 -- $4,589,295,340
Temporary Cash Investments......... $12,606,412 -- -- 12,606,412
----------- -------------- -- --------------
TOTAL.............................. $12,606,412 $4,589,295,340 -- $4,601,901,752
=========== ============== == ==============
See accompanying Notes to Financial Statements.
103
DFA SHORT-DURATION REAL RETURN PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
BONDS -- (89.2%)
AUSTRALIA -- (6.5%)
ANZ New Zealand International, Ltd.
0.400%, 03/01/22............................. EUR 200 $ 241,277
ASB Finance, Ltd.
0.500%, 06/10/22............................. EUR 3,800 4,582,133
Australia & New Zealand Banking Group, Ltd.
1.450%, 05/15/18............................. 358 357,884
2.550%, 11/23/21............................. 2,700 2,625,535
2.625%, 05/19/22............................. 250 242,467
Commonwealth Bank of Australia
2.500%, 09/20/18............................. 916 916,544
2.250%, 03/13/19............................. 5,000 4,983,738
## 2.750%, 03/10/22............................. 7,974 7,776,239
2.750%, 03/10/22............................. 200 195,040
3.250%, 03/31/22............................. AUD 4,800 3,627,339
0.500%, 07/11/22............................. EUR 2,500 3,025,258
Macquarie Group, Ltd.
## 3.000%, 12/03/18............................. 5,174 5,183,287
National Australia Bank, Ltd.
2.250%, 07/01/19............................. 3,500 3,476,702
2.800%, 01/10/22............................. 15,000 14,702,877
0.875%, 01/20/22............................. EUR 1,700 2,091,457
2.500%, 05/22/22............................. 1,635 1,577,439
0.350%, 09/07/22............................. EUR 1,600 1,921,938
Westpac Banking Corp.
# 2.600%, 11/23/20............................. 12,000 11,837,086
2.100%, 05/13/21............................. 461 446,368
# 2.800%, 01/11/22............................. 16,749 16,444,468
0.250%, 01/17/22............................. EUR 450 540,820
-----------
TOTAL AUSTRALIA.................................. 86,795,896
-----------
AUSTRIA -- (0.8%)
Oesterreichische Kontrollbank AG
# 2.375%, 10/01/21............................. 6,200 6,092,624
Republic of Austria Government Bond
## 0.0%, 09/20/22............................... EUR 4,000 4,845,330
-----------
TOTAL AUSTRIA.................................... 10,937,954
-----------
BELGIUM -- (0.4%)
Anheuser-Busch InBev Finance, Inc.
2.625%, 01/17/23............................. 3,000 2,887,407
Dexia Credit Local SA
0.250%, 06/02/22............................. EUR 350 424,448
Solvay Finance America LLC
## 3.400%, 12/03/20............................. 2,000 2,000,854
-----------
TOTAL BELGIUM.................................... 5,312,709
-----------
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
CANADA -- (9.8%)
Bank of Montreal
2.375%, 01/25/19............................. 24 $ 23,978
1.900%, 08/27/21............................. 7,000 6,698,160
Bank of Nova Scotia (The)
# 2.350%, 10/21/20............................. 11,405 11,179,029
Canada Housing Trust No. 1
## 1.750%, 06/15/22............................. CAD 4,000 3,043,140
Canadian Imperial Bank of Commerce
2.550%, 06/16/22............................. 2,500 2,413,429
CPPIB Capital, Inc.
## 2.250%, 01/25/22............................. 2,000 1,946,798
Enbridge, Inc.
2.900%, 07/15/22............................. 2,000 1,930,896
Export Development Canada
1.375%, 10/21/21............................. 5,000 4,753,595
Province of British Columbia Canada
2.650%, 09/22/21............................. 2,000 1,980,118
Province of Manitoba Canada
2.125%, 05/04/22............................. 8,500 8,169,993
Province of Ontario Canada
2.500%, 09/10/21............................. 3,221 3,163,031
2.400%, 02/08/22............................. 6,000 5,844,213
1.350%, 03/08/22............................. CAD 2,400 1,794,537
3.150%, 06/02/22............................. CAD 13,000 10,386,635
Province of Quebec Canada
4.250%, 12/01/21............................. CAD 10,000 8,289,653
2.375%, 01/31/22............................. 6,000 5,848,934
Royal Bank of Canada
1.800%, 07/30/18............................. 980 978,521
# 1.500%, 07/29/19............................. 5,000 4,921,408
2.350%, 10/30/20............................. 6,000 5,890,821
1.583%, 09/13/21............................. CAD 6,000 4,505,456
1.968%, 03/02/22............................. CAD 2,300 1,739,810
2.000%, 03/21/22............................. CAD 11,000 8,324,686
Toronto-Dominion Bank (The)
# 2.625%, 09/10/18............................. 715 715,599
2.125%, 07/02/19............................. 7,600 7,551,397
2.250%, 11/05/19............................. 4,979 4,937,522
2.500%, 12/14/20............................. 10,000 9,843,697
1.994%, 03/23/22............................. CAD 3,700 2,803,522
------------
TOTAL CANADA....................................... 129,678,578
------------
DENMARK -- (0.2%)
Danske Bank A.S.
## # 2.750%, 09/17/20............................. 3,000 2,964,319
------------
104
DFA SHORT-DURATION REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
FINLAND -- (0.1%)
Municipality Finance P.L.C.
2.375%, 03/15/22............................. 650 $ 634,849
-----------
FRANCE -- (3.0%)
Airgas, Inc.
2.375%, 02/15/20............................. 4,000 3,952,587
BNP Paribas SA
# 2.375%, 05/21/20............................. 500 494,595
BPCE SA
2.500%, 07/15/19............................. 1,650 1,639,102
# 2.650%, 02/03/21............................. 1,300 1,276,343
Electricite de France SA
## 2.350%, 10/13/20............................. 1,000 983,236
French Republic Government Bond OAT
3.000%, 04/25/22............................. EUR 2,500 3,400,534
2.250%, 10/25/22............................. EUR 7,000 9,330,470
Pernod Ricard SA
## 5.750%, 04/07/21............................. 5,000 5,329,249
Sanofi
4.000%, 03/29/21............................. 290 297,691
Total Capital Canada, Ltd.
1.125%, 03/18/22............................. EUR 5,000 6,243,031
Total Capital International SA
2.100%, 06/19/19............................. 7,000 6,958,997
-----------
TOTAL FRANCE..................................... 39,905,835
-----------
GERMANY -- (4.7%)
Bayer U.S. Finance LLC
## 2.375%, 10/08/19............................. 2,500 2,475,795
Daimler Finance North America LLC
## 2.700%, 08/03/20............................. 3,085 3,048,938
Deutsche Bank AG
2.950%, 08/20/20............................. 1,900 1,869,696
Deutsche Telekom International Finance BV
6.000%, 07/08/19............................. 259 268,455
## 1.500%, 09/19/19............................. 5,570 5,461,289
FMS Wertmanagement
1.375%, 06/08/21............................. 9,000 8,607,957
Kreditanstalt fuer Wiederaufbau
1.875%, 06/30/20............................. 4,000 3,929,389
2.750%, 09/08/20............................. 2,000 2,000,180
2.900%, 06/06/22............................. AUD 2,000 1,515,562
--%, 12/15/22................................ EUR 20,500 24,704,450
NRW Bank
0.0%, 08/10/22............................... EUR 3,500 4,216,556
Volkswagen Group of America Finance LLC
## 2.400%, 05/22/20............................. 4,000 3,933,838
-----------
TOTAL GERMANY.................................... 62,032,105
-----------
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
IRELAND -- (0.3%)
Allergan Finance LLC
3.250%, 10/01/22............................. 2,300 $ 2,227,478
Allergan Funding SCS
3.450%, 03/15/22............................. 2,000 1,966,053
-----------
TOTAL IRELAND...................................... 4,193,531
-----------
ITALY -- (0.6%)
Intesa Sanpaolo SpA
## # 3.125%, 07/14/22............................. 8,000 7,706,960
-----------
JAPAN -- (4.0%)
American Honda Finance Corp.
2.450%, 09/24/20............................. 3,000 2,965,345
Beam Suntory, Inc.
1.750%, 06/15/18............................. 1,431 1,429,310
Daiwa Securities Group, Inc.
## 3.129%, 04/19/22............................. 1,770 1,733,142
Development Bank of Japan, Inc.
1.875%, 10/03/18............................. 594 592,313
Mizuho Bank, Ltd.
## 2.700%, 10/20/20............................. 1,000 985,330
MUFG Bank, Ltd.
## 2.300%, 03/05/20............................. 3,900 3,839,214
Nissan Motor Acceptance Corp.
## 2.125%, 03/03/20............................. 2,250 2,212,114
Nomura Holdings, Inc.
2.750%, 03/19/19............................. 1,500 1,499,337
Sumitomo Mitsui Banking Corp.
2.450%, 01/10/19............................. 2,673 2,670,243
2.450%, 01/16/20............................. 2,000 1,977,960
Sumitomo Mitsui Financial Group, Inc.
2.058%, 07/14/21............................. 400 384,378
Toyota Credit Canada, Inc.
2.020%, 02/28/22............................. CAD 6,500 4,919,487
2.350%, 07/18/22............................. CAD 3,000 2,291,281
Toyota Motor Credit Corp.
2.100%, 01/17/19............................. 8,526 8,508,263
4.500%, 06/17/20............................. 1,900 1,963,040
# 1.900%, 04/08/21............................. 10,500 10,185,104
2.600%, 01/11/22............................. 3,000 2,936,354
3.300%, 01/12/22............................. 1,561 1,564,537
-----------
TOTAL JAPAN........................................ 52,656,752
-----------
NETHERLANDS -- (5.8%)
Bank Nederlandse Gemeenten NV
## 2.375%, 02/01/22............................. 19,932 19,471,332
2.375%, 02/01/22............................. 12,000 11,722,656
1.000%, 03/15/22............................. GBP 750 1,021,786
105
DFA SHORT-DURATION REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
NETHERLANDS -- (Continued)
Cooperatieve Rabobank UA
4.500%, 01/11/21............................. 3,000 $ 3,099,632
2.750%, 01/10/22............................. 5,000 4,888,893
4.000%, 01/11/22............................. EUR 2,950 4,052,024
ING Bank NV
## # 2.750%, 03/22/21............................. 3,000 2,958,971
LyondellBasell Industries NV
6.000%, 11/15/21............................. 1,000 1,074,820
Mylan, Inc.
2.550%, 03/28/19............................. 197 196,228
Nederlandse Waterschapsbank NV
1.625%, 03/04/20............................. 3,000 2,941,200
Shell International Finance BV
4.300%, 09/22/19............................. 7 7,162
# 2.125%, 05/11/20............................. 2,200 2,171,646
# 1.875%, 05/10/21............................. 10,000 9,681,538
1.750%, 09/12/21............................. 11,000 10,546,769
1.000%, 04/06/22............................. EUR 2,000 2,484,073
-----------
TOTAL NETHERLANDS.................................. 76,318,730
-----------
NORWAY -- (0.4%)
Kommunalbanken A.S.
2.250%, 01/25/22............................. 5,000 4,867,665
Statoil ASA
1.150%, 05/15/18............................. 236 235,910
-----------
TOTAL NORWAY....................................... 5,103,575
-----------
SPAIN -- (0.9%)
Santander Holdings USA, Inc.
2.650%, 04/17/20............................. 2,000 1,976,419
Santander UK Group Holdings P.L.C.
# 2.875%, 08/05/21............................. 750 733,357
Santander UK P.L.C.
2.500%, 03/14/19............................. 600 598,668
2.375%, 03/16/20............................. 4,600 4,540,274
Telefonica Emisiones SAU
5.134%, 04/27/20............................. 4,250 4,416,046
-----------
TOTAL SPAIN........................................ 12,264,764
-----------
SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (4.8%)
Asian Development Bank
2.000%, 02/16/22............................. 3,000 2,901,690
European Financial Stability Facility
0.0%, 11/17/22............................... EUR 9,842 11,870,149
European Investment Bank
2.875%, 09/15/20............................. 2,000 2,006,612
1.625%, 12/15/20............................. 3,000 2,915,728
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (Continued)
2.000%, 03/15/21............................. 7,000 $ 6,849,535
1.375%, 09/15/21............................. 11,500 10,960,845
European Stability Mechanism
0.0%, 10/18/22............................... EUR 13,950 16,824,773
International Bank for Reconstruction &
Development
1.625%, 03/09/21............................. 4,000 3,874,616
International Finance Corp.
0.875%, 06/15/18............................. 215 214,727
Nordic Investment Bank
2.125%, 02/01/22............................. 5,000 4,860,179
-----------
TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS..... 63,278,854
-----------
SWEDEN -- (5.4%)
Kommuninvest I Sverige AB
2.000%, 11/12/19............................. 4,720 4,675,490
1.000%, 09/15/21............................. SEK 10,000 1,176,731
0.250%, 06/01/22............................. SEK 185,000 21,106,012
Nordea Bank AB
## 2.500%, 09/17/20............................. 4,000 3,938,222
## 2.250%, 05/27/21............................. 3,800 3,684,900
0.300%, 06/30/22............................. EUR 1,000 1,203,958
Svenska Handelsbanken AB
2.500%, 01/25/19............................. 358 357,606
1.875%, 09/07/21............................. 447 426,717
0.250%, 02/28/22............................. EUR 1,900 2,289,281
Swedbank AB
0.300%, 09/06/22............................. EUR 3,000 3,600,428
Sweden Government Bond
3.500%, 06/01/22............................. SEK 225,500 29,658,517
-----------
TOTAL SWEDEN..................................... 72,117,862
-----------
SWITZERLAND -- (0.1%)
Chubb INA Holdings, Inc.
2.300%, 11/03/20............................. 425 417,274
Credit Suisse AG
2.300%, 05/28/19............................. 625 622,265
3.000%, 10/29/21............................. 480 474,982
-----------
TOTAL SWITZERLAND................................ 1,514,521
-----------
UNITED KINGDOM -- (2.5%)
Aon Corp.
# 5.000%, 09/30/20............................. 2,710 2,816,262
AstraZeneca P.L.C.
2.375%, 11/16/20............................. 5,071 4,986,478
106
DFA SHORT-DURATION REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
UNITED KINGDOM -- (Continued)
Barclays P.L.C.
# 2.750%, 11/08/19............................. 2,000 $ 1,986,234
# 3.250%, 01/12/21............................. 1,500 1,486,445
BAT International Finance P.L.C.
## # 3.250%, 06/07/22............................. 7,900 7,767,634
BP Capital Markets P.L.C.
# 4.500%, 10/01/20............................. 3,750 3,881,737
British Telecommunications P.L.C.
2.350%, 02/14/19............................. 700 697,093
HSBC Holdings P.L.C.
4.000%, 03/30/22............................. 700 714,018
HSBC USA, Inc.
# 2.375%, 11/13/19............................. 3,281 3,246,455
Lloyds Banking Group P.L.C.
3.100%, 07/06/21............................. 1,156 1,147,338
# 3.000%, 01/11/22............................. 1,000 980,838
Unilever Capital Corp.
4.250%, 02/10/21............................. 1,200 1,239,366
Vodafone Group P.L.C.
2.500%, 09/26/22............................. 2,500 2,382,794
-----------
TOTAL UNITED KINGDOM............................... 33,332,692
-----------
UNITED STATES -- (38.9%)
Abbott Laboratories
4.125%, 05/27/20............................. $ 4,000 4,079,662
2.800%, 09/15/20............................. 3,500 3,477,701
AbbVie, Inc.
2.500%, 05/14/20............................. 6,000 5,928,250
# 2.900%, 11/06/22............................. 1,000 973,234
Aetna, Inc.
2.200%, 03/15/19............................. 340 338,198
Aflac, Inc.
2.400%, 03/16/20............................. 315 310,859
Alphabet, Inc.
3.625%, 05/19/21............................. 3,500 3,582,325
Altria Group, Inc.
4.750%, 05/05/21............................. 500 520,850
Amazon.com, Inc.
# 2.600%, 12/05/19............................. 2,700 2,698,204
American Express Credit Corp.
2.375%, 05/26/20............................. 800 789,824
American International Group, Inc.
# 2.300%, 07/16/19............................. 2,062 2,044,584
3.375%, 08/15/20............................. 3,000 3,003,373
6.400%, 12/15/20............................. 2,475 2,665,637
3.300%, 03/01/21............................. 500 497,992
# 4.875%, 06/01/22............................. 600 627,476
Ameriprise Financial, Inc.
5.300%, 03/15/20............................. 1,000 1,038,360
Amgen, Inc.
# 2.200%, 05/22/19............................. 4,311 4,290,264
Amphenol Corp.
2.550%, 01/30/19............................. 3,800 3,795,556
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
UNITED STATES -- (Continued)
Apache Corp.
2.625%, 01/15/23............................. 3,600 $3,420,048
Apple, Inc.
2.250%, 02/23/21............................. 5,000 4,915,472
2.500%, 02/09/22............................. 7,828 7,670,729
2.300%, 05/11/22............................. 7,500 7,265,673
# 2.700%, 05/13/22............................. 4,362 4,292,021
2.100%, 09/12/22............................. 5,000 4,792,350
AT&T, Inc.
# 5.800%, 02/15/19............................. 2,444 2,500,198
2.450%, 06/30/20............................. 1,331 1,314,511
4.600%, 02/15/21............................. 1,000 1,030,587
AutoZone, Inc.
3.700%, 04/15/22............................. 750 755,128
Baker Hughes a GE Co. LLC / Baker Hughes
Co-Obligor, Inc.
2.773%, 12/15/22............................. 2,000 1,942,352
Bank of America Corp.
2.600%, 01/15/19............................. 730 729,868
2.625%, 10/19/20............................. 2,500 2,470,096
Bank of New York Mellon Corp. (The)
4.600%, 01/15/20............................. 1,200 1,232,872
2.150%, 02/24/20............................. 1,200 1,184,101
BB&T Corp.
6.850%, 04/30/19............................. 2,000 2,082,221
2.050%, 05/10/21............................. 731 706,322
Biogen, Inc.
2.900%, 09/15/20............................. 1,500 1,492,805
3.625%, 09/15/22............................. 2,000 1,999,983
BlackRock, Inc.
5.000%, 12/10/19............................. 1,807 1,869,693
Booking Holdings, Inc.
2.750%, 03/15/23............................. 2,000 1,908,563
Boston Scientific Corp.
6.000%, 01/15/20............................. 500 522,088
Bristol-Myers Squibb Co.
# 1.750%, 03/01/19............................. 500 496,729
Buckeye Partners L.P.
2.650%, 11/15/18............................. 261 261,026
Capital One Bank USA NA
2.300%, 06/05/19............................. 2,000 1,984,642
Capital One Financial Corp.
3.200%, 01/30/23............................. 6,000 5,816,054
Cardinal Health, Inc.
4.625%, 12/15/20............................. 1,000 1,030,007
Caterpillar Financial Services Corp.
1.700%, 08/09/21............................. 1,000 955,262
# 2.625%, 03/01/23............................. 500 482,886
CBS Corp.
2.300%, 08/15/19............................. 2,000 1,980,428
Celgene Corp.
# 2.750%, 02/15/23............................. 5,500 5,249,879
107
DFA SHORT-DURATION REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
UNITED STATES -- (Continued)
Charles Schwab Corp. (The)
2.200%, 07/25/18............................. 372 $ 371,923
Chevron Corp.
# 2.419%, 11/17/20............................. 9,800 9,738,423
2.100%, 05/16/21............................. 1,375 1,341,123
# 2.498%, 03/03/22............................. 12,400 12,140,823
Cisco Systems, Inc.
# 2.450%, 06/15/20............................. 4,400 4,374,079
2.200%, 02/28/21............................. 3,000 2,945,095
1.850%, 09/20/21............................. 14,000 13,460,865
Citigroup, Inc.
2.500%, 09/26/18............................. 501 500,943
2.050%, 06/07/19............................. 3,000 2,975,935
2.400%, 02/18/20............................. 3,000 2,967,377
CMS Energy Corp.
5.050%, 03/15/22............................. 2,549 2,679,398
CNA Financial Corp.
5.875%, 08/15/20............................. 1,790 1,890,874
5.750%, 08/15/21............................. 880 937,430
Coca-Cola Co. (The)
# 2.450%, 11/01/20............................. 3,000 2,977,825
1.550%, 09/01/21............................. 2,500 2,385,075
# 3.300%, 09/01/21............................. 1,000 1,011,276
Comcast Corp.
# 5.150%, 03/01/20............................. 1,900 1,972,783
Comerica, Inc.
2.125%, 05/23/19............................. 1,450 1,441,187
Constellation Brands, Inc.
2.700%, 05/09/22............................. 5,000 4,826,542
3.200%, 02/15/23............................. 1,706 1,669,334
Cox Communications, Inc.
## 3.250%, 12/15/22............................. 375 365,607
CVS Health Corp.
2.250%, 08/12/19............................. 2,500 2,479,250
# 2.125%, 06/01/21............................. 500 482,406
Discovery Communications LLC
## 2.750%, 11/15/19............................. 2,369 2,355,260
Dominion Energy, Inc.
2.500%, 12/01/19............................. 3,500 3,457,974
Dr. Pepper Snapple Group, Inc.
2.600%, 01/15/19............................. 1,000 998,694
DTE Energy Co.
2.400%, 12/01/19............................. 4,000 3,945,433
E*TRADE Financial Corp.
# 2.950%, 08/24/22............................. 6,280 6,083,710
eBay, Inc.
# 2.200%, 08/01/19............................. 4,346 4,318,586
2.750%, 01/30/23............................. 417 400,597
EI du Pont de Nemours & Co.
6.000%, 07/15/18............................. 183 184,348
2.800%, 02/15/23............................. 650 628,065
Electronic Arts, Inc.
3.700%, 03/01/21............................. 2,000 2,020,895
Exelon Generation Co. LLC
2.950%, 01/15/20............................. 2,600 2,590,570
4.000%, 10/01/20............................. 600 608,385
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
UNITED STATES -- (Continued)
Express Scripts Holding Co.
2.250%, 06/15/19............................. 1,000 $ 991,992
3.900%, 02/15/22............................. 1,866 1,872,960
Exxon Mobil Corp.
# 1.912%, 03/06/20............................. 2,400 2,367,868
# 2.222%, 03/01/21............................. 5,824 5,729,002
# 2.397%, 03/06/22............................. 10,625 10,384,873
Fidelity National Information Services, Inc.
2.250%, 08/15/21............................. 5,000 4,820,550
Fifth Third Bancorp
3.500%, 03/15/22............................. 2,000 1,998,284
Fifth Third Bank
2.375%, 04/25/19............................. 203 202,556
Ford Motor Credit Co. LLC
5.000%, 05/15/18............................. 984 984,953
# 3.157%, 08/04/20............................. 1,200 1,194,326
3.336%, 03/18/21............................. 2,128 2,112,388
GATX Corp.
2.500%, 07/30/19............................. 200 198,338
GE Capital European Funding Unlimited Co.
0.800%, 01/21/22............................. EUR 2,400 2,935,029
GE Capital International Funding Co., Unlimited
Co.
2.342%, 11/15/20............................. 10,000 9,774,819
General Electric Co.
0.375%, 05/17/22............................. EUR 4,400 5,281,877
General Motors Financial Co., Inc.
# 3.200%, 07/06/21............................. 7,200 7,113,995
Georgia Power Co.
4.250%, 12/01/19............................. 215 219,312
Gilead Sciences, Inc.
# 2.550%, 09/01/20............................. 1,000 992,370
Goldman Sachs Group, Inc. (The)
2.550%, 10/23/19............................. 4,900 4,877,809
Halliburton Co.
# 2.000%, 08/01/18............................. 2,470 2,465,291
Harley-Davidson Financial Services, Inc.
## 2.850%, 01/15/21............................. 500 492,914
## 2.550%, 06/09/22............................. 500 477,459
Harris Corp.
2.700%, 04/27/20............................. 4,500 4,462,148
Hewlett Packard Enterprise Co.
3.600%, 10/15/20............................. 3,800 3,827,049
Home Depot, Inc. (The)
2.000%, 06/15/19............................. 190 188,973
Humana, Inc.
2.625%, 10/01/19............................. 3,000 2,986,897
108
DFA SHORT-DURATION REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
UNITED STATES -- (Continued)
Huntington National Bank (The)
2.400%, 04/01/20............................. 2,600 $2,564,598
Indiana Michigan Power Co.
7.000%, 03/15/19............................. 2,000 2,070,326
Intercontinental Exchange, Inc.
2.750%, 12/01/20............................. 268 265,540
International Business Machines Corp.
1.625%, 05/15/20............................. 1,390 1,357,226
JM Smucker Co. (The)
2.500%, 03/15/20............................. 3,320 3,284,987
John Deere Capital Corp.
2.050%, 03/10/20............................. 1,625 1,600,549
Johnson & Johnson
2.250%, 03/03/22............................. 1,500 1,459,620
JPMorgan Chase & Co.
2.350%, 01/28/19............................. 3,000 2,995,564
Kellogg Co.
# 4.000%, 12/15/20............................. 1,000 1,021,026
KeyCorp
2.900%, 09/15/20............................. 2,000 1,985,801
Kimberly-Clark Corp.
1.900%, 05/22/19............................. 2,000 1,987,331
Kroger Co. (The)
3.400%, 04/15/22............................. 1,000 992,857
2.800%, 08/01/22............................. 500 483,494
L3 Technologies, Inc.
4.950%, 02/15/21............................. 701 726,877
Laboratory Corp. of America Holdings
3.200%, 02/01/22............................. 1,500 1,479,406
Lam Research Corp.
2.750%, 03/15/20............................. 2,800 2,791,266
Legg Mason, Inc.
2.700%, 07/15/19............................. 3,000 2,983,669
Liberty Mutual Group, Inc.
## 5.000%, 06/01/21............................. 2,900 3,015,401
Manufacturers & Traders Trust Co.
2.100%, 02/06/20............................. 4,225 4,155,749
Marriott International, Inc.
6.750%, 05/15/18............................. 367 367,567
# 3.000%, 03/01/19............................. 2,960 2,964,021
Marsh & McLennan Cos., Inc.
2.350%, 03/06/20............................. 2,000 1,971,280
2.750%, 01/30/22............................. 1,500 1,462,209
MasterCard, Inc.
2.000%, 04/01/19............................. 1,365 1,358,579
Maxim Integrated Products, Inc.
2.500%, 11/15/18............................. 1,780 1,777,357
McKesson Corp.
2.700%, 12/15/22............................. 787 752,129
Mead Johnson Nutrition Co.
3.000%, 11/15/20............................. 700 698,188
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
UNITED STATES -- (Continued)
Merck & Co., Inc.
# 2.350%, 02/10/22............................. 1,345 $ 1,309,539
2.400%, 09/15/22............................. 1,500 1,453,432
Microsoft Corp.
2.000%, 11/03/20............................. 3,500 3,440,556
1.550%, 08/08/21............................. 4,000 3,832,897
# 2.375%, 02/12/22............................. 13,000 12,677,818
Mondelez International Holdings Netherlands BV
## 2.000%, 10/28/21............................. 2,258 2,149,713
Monsanto Co.
1.850%, 11/15/18............................. 2,155 2,145,469
# 2.125%, 07/15/19............................. 2,550 2,526,998
Morgan Stanley
# 2.375%, 07/23/19............................. 2,220 2,209,562
Mosaic Co. (The)
3.750%, 11/15/21............................. 1,000 997,623
Nasdaq, Inc.
5.550%, 01/15/20............................. 2,484 2,580,429
National Oilwell Varco, Inc.
# 2.600%, 12/01/22............................. 5,283 5,033,303
NextEra Energy Capital Holdings, Inc.
2.400%, 09/15/19............................. 2,950 2,927,805
NiSource, Inc.
6.800%, 01/15/19............................. 61 62,672
Nordstrom, Inc.
4.750%, 05/01/20............................. 350 359,937
Northrop Grumman Corp.
3.500%, 03/15/21............................. 535 540,662
Nuveen Finance LLC
## 2.950%, 11/01/19............................. 3,890 3,876,264
NVIDIA Corp.
2.200%, 09/16/21............................. 575 557,884
ONEOK, Inc.
# 4.250%, 02/01/22............................. 3,000 3,050,400
Oracle Corp.
1.900%, 09/15/21............................. 9,000 8,683,655
2.500%, 05/15/22............................. 3,000 2,927,492
2.500%, 10/15/22............................. 2,000 1,941,443
Penske Truck Leasing Co. L.P. / PTL Finance Corp.
## 3.375%, 02/01/22............................. 1,200 1,187,324
PepsiCo, Inc.
# 2.150%, 10/14/20............................. 3,000 2,952,875
Pfizer, Inc.
# 1.950%, 06/03/21............................. 5,000 4,863,789
0.250%, 03/06/22............................. EUR 4,000 4,826,481
PNC Bank NA
2.400%, 10/18/19............................. 4,000 3,971,349
Principal Financial Group, Inc.
3.300%, 09/15/22............................. 1,416 1,402,316
Procter & Gamble Co. (The)
1.850%, 02/02/21............................. 960 934,468
# 1.700%, 11/03/21............................. 5,000 4,793,076
2.300%, 02/06/22............................. 650 633,641
109
DFA SHORT-DURATION REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
UNITED STATES -- (Continued)
Progress Energy, Inc.
4.400%, 01/15/21............................. 2,150 $2,200,867
Prudential Financial, Inc.
5.375%, 06/21/20............................. 3,000 3,135,327
PSEG Power LLC
2.450%, 11/15/18............................. 2,499 2,493,554
QUALCOMM, Inc.
2.250%, 05/20/20............................. 3,000 2,952,333
2.600%, 01/30/23............................. 6,690 6,331,330
Quest Diagnostics, Inc.
2.700%, 04/01/19............................. 1,300 1,299,953
2.500%, 03/30/20............................. 3,630 3,589,228
Regions Financial Corp.
2.750%, 08/14/22............................. 2,000 1,928,035
Roper Technologies, Inc.
2.050%, 10/01/18............................. 135 134,698
Ryder System, Inc.
2.350%, 02/26/19............................. 2,000 1,990,542
3.400%, 03/01/23............................. 1,200 1,187,040
Santander Holdings USA, Inc.
3.400%, 01/18/23............................. 1,150 1,113,914
Sempra Energy
2.850%, 11/15/20............................. 5,000 4,940,621
Sherwin-Williams Co. (The)
2.750%, 06/01/22............................. 1,600 1,549,101
Southern Power Co.
2.500%, 12/15/21............................. 539 522,720
Southwest Airlines Co.
2.750%, 11/06/19............................. 426 423,899
State Street Corp.
4.375%, 03/07/21............................. 2,000 2,074,840
Stryker Corp.
# 2.625%, 03/15/21............................. 2,378 2,345,588
SunTrust Banks, Inc.
# 2.900%, 03/03/21............................. 3,000 2,969,109
Sysco Corp.
2.600%, 10/01/20............................. 3,970 3,924,767
Target Corp.
2.300%, 06/26/19............................. 515 513,135
Thermo Fisher Scientific, Inc.
3.300%, 02/15/22............................. 2,300 2,279,200
Time Warner, Inc.
2.100%, 06/01/19............................. 2,000 1,981,935
Total System Services, Inc.
2.375%, 06/01/18............................. 1,701 1,700,478
Tupperware Brands Corp.
4.750%, 06/01/21............................. 2,000 2,044,333
Tyson Foods, Inc.
2.650%, 08/15/19............................. 1,940 1,931,535
U.S. Bancorp
2.200%, 04/25/19............................. 66 65,778
United Parcel Service, Inc.
# 2.450%, 10/01/22............................. 300 290,837
UnitedHealth Group, Inc.
2.300%, 12/15/19............................. 1,400 1,390,289
2.700%, 07/15/20............................. 439 437,029
# 2.125%, 03/15/21............................. 2,000 1,946,274
FACE
AMOUNT^ VALUE+
- ------- ------
(000)
UNITED STATES -- (Continued)
Verizon Communications, Inc.
3.500%, 11/01/21............................. 1,000 $ 1,007,994
2.946%, 03/15/22............................. 2,500 2,455,300
Viacom, Inc.
3.875%, 12/15/21............................. 2,740 2,766,001
Walgreen Co.
5.250%, 01/15/19............................. 8 8,131
3.100%, 09/15/22............................. 1,500 1,464,925
Walgreens Boots Alliance, Inc.
2.700%, 11/18/19............................. 2,000 1,993,000
3.300%, 11/18/21............................. 500 497,970
Wells Fargo & Co.
2.125%, 04/22/19............................. 2,170 2,159,830
2.150%, 01/30/20............................. 1,500 1,480,172
WestRock RKT Co.
4.450%, 03/01/19............................. 595 602,178
Xilinx, Inc.
2.125%, 03/15/19............................. 766 763,077
Zoetis, Inc.
# 3.250%, 02/01/23............................. 2,219 2,186,905
--------------
TOTAL UNITED STATES................................. 515,996,326
--------------
TOTAL BONDS......................................... 1,182,746,812
--------------
AGENCY OBLIGATIONS -- (3.4%)
Federal Home Loan Mortgage Corporation
2.375%, 01/13/22............................. 4,000 3,939,128
Federal National Mortgage Association
# 1.875%, 12/28/20............................. 22,000 21,570,340
# 1.250%, 05/06/21............................. 4,000 3,839,116
# 1.875%, 04/05/22............................. 6,000 5,797,014
2.000%, 10/05/22............................. 4,000 3,857,364
2.375%, 01/19/23............................. 6,000 5,866,902
--------------
TOTAL AGENCY OBLIGATIONS............................ 44,869,864
--------------
U.S. TREASURY OBLIGATIONS -- (0.5%)
Treasury Inflation Protected Security
^^^++ 0.125%, 04/15/22............................. 6,500 6,515,877
--------------
TOTAL INVESTMENT SECURITIES......................... 1,234,132,553
--------------
SHARES
- ------
SECURITIES LENDING COLLATERAL -- (6.9%)
(S)@ DFA Short Term Investment Fund, 1.630%....... 7,941,280 91,880,608
--------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $1,346,668,894)............................. $1,326,013,161
==============
110
DFA SHORT-DURATION REAL RETURN PORTFOLIO
CONTINUED
At April 30, 2018, DFA Short-Duration Real Return Portfolio had entered into
the following forward currency contracts and the net unrealized forward
currency gain (loss) is reflected in the accompanying financial statements:
UNREALIZED
FOREIGN
EXCHANGE
SETTLEMENT APPRECIATION
CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION)
------------------ --------------- ---------------- ------------------ --------------
USD.. $ 1,043,063 GBP 742,614 Citibank, N.A. 05/10/18 $ 20,350
USD.. 38,841,533 EUR 31,356,797 Citibank, N.A. 06/28/18 811,231
USD.. 23,300,140 CAD 29,732,473 Citibank, N.A. 07/06/18 106,986
USD.. 85,722,015 EUR 69,136,673 Barclays Capital 07/11/18 1,783,920
USD.. 25,712,150 CAD 32,334,150 Barclays Capital 07/19/18 482,734
USD.. 5,292,145 AUD 6,877,042 Citibank, N.A. 07/20/18 113,014
USD.. 53,381,448 SEK 455,083,674 Citibank, N.A. 07/26/18 1,066,981
----------
TOTAL APPRECIATION $4,385,216
==========
At April 30, 2018, DFA Short-Duration Real Return Portfolio had entered into
the following outstanding Inflation Swaps:
PAYMENTS PAYMENTS UPFRONT UPFRONT UNREALIZED
MADE BY RECEIVED PAYMENT NOTIONAL EXPIRATION PREMIUMS PREMIUMS MARKET APPRECIATION
COUNTERPARTY FUND BY FUND FREQUENCY AMOUNT DATE PAID RECEIVED VALUE (DEPRECIATION)
--------------- ------------ -------- --------- -------------- ---------- -------- -------- ---------- --------------
Bank of America
Corp.......... 2.282% Fixed CPI Maturity USD 40,000,000 02/08/20 -- -- $ (89,759) $ (89,759)
Bank of America
Corp.......... 2.228% Fixed CPI Maturity USD 26,000,000 03/12/22 -- -- 47,799 47,799
Bank of America
Corp.......... 2.225% Fixed CPI Maturity USD 29,000,000 03/01/20 -- -- (29,022) (29,022)
Bank of America
Corp.......... 2.208% Fixed CPI Maturity USD 26,000,000 02/01/23 -- -- 134,003 134,003
Bank of America
Corp.......... 2.204% Fixed CPI Maturity USD 44,000,000 02/16/19 -- -- (38,373) (38,373)
Bank of America
Corp.......... 1.832% Fixed CPI Maturity USD 40,000,000 11/08/20 -- -- 691,791 691,791
Bank of America
Corp.......... 1.633% Fixed CPI Maturity USD 27,000,000 04/14/21 -- -- 845,077 845,077
Bank of America
Corp.......... 1.525% Fixed CPI Maturity USD 43,000,000 08/31/21 -- -- 1,462,493 1,462,493
Bank of America
Corp.......... 1.435% Fixed CPI Maturity USD 30,000,000 10/30/20 -- -- 887,882 887,882
Citibank, N.A.. 2.182% Fixed CPI Maturity USD 23,000,000 01/19/23 -- -- 155,036 155,036
Citibank, N.A.. 2.149% Fixed CPI Maturity USD 38,000,000 01/23/21 -- -- 122,228 122,228
Citibank, N.A.. 2.144% Fixed CPI Maturity USD 44,000,000 01/11/21 -- -- 146,141 146,141
Citibank, N.A.. 2.041% Fixed CPI Maturity USD 24,000,000 10/17/22 -- -- 416,046 416,046
Citibank, N.A.. 2.036% Fixed CPI Maturity USD 36,000,000 11/21/22 -- -- 522,063 522,063
Citibank, N.A.. 2.009% Fixed CPI Maturity USD 42,000,000 10/23/22 -- -- 785,265 785,265
Citibank, N.A.. 1.970% Fixed CPI Maturity USD 23,000,000 11/16/19 -- -- 196,271 196,271
Citibank, N.A.. 1.879% Fixed CPI Maturity USD 54,000,000 07/26/21 -- -- 946,394 946,394
Citibank, N.A.. 1.849% Fixed CPI Maturity USD 20,000,000 10/27/21 -- -- 430,943 430,943
Citibank, N.A.. 1.655% Fixed CPI Maturity USD 40,000,000 07/20/20 -- -- 934,149 934,149
Citibank, N.A.. 1.623% Fixed CPI Maturity USD 38,000,000 06/20/20 -- -- 1,003,807 1,003,807
Credit Suisse.. 1.735% Fixed CPI Maturity USD 33,000,000 03/05/19 -- -- 98,542 98,542
Deutsche Bank
AG............ 2.235% Fixed CPI Maturity USD 38,000,000 05/02/22 -- -- -- --
Deutsche Bank
AG............ 2.208% Fixed CPI Maturity USD 20,000,000 04/05/23 -- -- 69,795 69,795
111
DFA SHORT-DURATION REAL RETURN PORTFOLIO
CONTINUED
PAYMENTS PAYMENTS UPFRONT UPFRONT UNREALIZED
MADE BY RECEIVED PAYMENT NOTIONAL EXPIRATION PREMIUMS PREMIUMS MARKET APPRECIATION
COUNTERPARTY FUND BY FUND FREQUENCY AMOUNT DATE PAID RECEIVED VALUE (DEPRECIATION)
------------- ------------ -------- --------- -------------- ---------- -------- -------- ----------- --------------
Deutsche Bank
AG.......... 2.193% Fixed CPI Maturity USD 40,000,000 03/08/21 -- -- $ 51,742 $ 51,742
Deutsche Bank
AG.......... 2.125% Fixed CPI Maturity USD 20,000,000 01/04/23 -- -- 198,145 198,145
Deutsche Bank
AG.......... 2.035% Fixed CPI Maturity USD 22,000,000 12/11/22 -- -- 301,116 301,116
Deutsche Bank
AG.......... 1.938% Fixed CPI Maturity USD 25,000,000 09/08/22 -- -- 539,921 539,921
Deutsche Bank
AG, London
Branch...... 2.242% Fixed CPI Maturity USD 26,000,000 06/12/19 -- -- (972,090) (972,090)
Deutsche Bank
AG, London
Branch...... 2.145% Fixed CPI Maturity USD 25,000,000 03/17/20 -- -- 909 909
Deutsche Bank
AG, London
Branch...... 2.135% Fixed CPI Maturity USD 30,000,000 04/05/21 -- -- 31,171 31,171
Deutsche Bank
AG, London
Branch...... 1.990% Fixed CPI Maturity USD 45,000,000 06/05/22 -- -- 697,202 697,202
Deutsche Bank
AG, London
Branch...... 1.983% Fixed CPI Maturity USD 32,000,000 05/12/22 -- -- 419,404 419,404
Deutsche Bank
AG, London
Branch...... 1.860% Fixed CPI Maturity USD 60,000,000 06/30/20 -- -- 720,538 720,538
Deutsche Bank
AG, London
Branch...... 1.718% Fixed CPI Maturity USD 36,000,000 09/27/21 -- -- 972,183 972,183
Deutsche Bank
AG, London
Branch...... 1.670% Fixed CPI Maturity USD 40,000,000 07/08/19 -- -- 696,836 696,836
Deutsche Bank
AG, London
Branch...... 1.563% Fixed CPI Maturity USD 48,000,000 07/28/19 -- -- 942,042 942,042
Deutsche Bank
AG, London
Branch...... 1.348% Fixed CPI Maturity USD 14,000,000 01/28/20 -- -- 417,134 417,134
-- -- ----------- -----------
TOTAL -- -- $14,754,824 $14,754,824
== == =========== ===========
112
DFA SHORT-DURATION REAL RETURN PORTFOLIO
CONTINUED
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
---------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- -------------- ------- --------------
Bonds
Australia.............................. -- $ 86,795,896 -- $ 86,795,896
Austria................................ -- 10,937,954 -- 10,937,954
Belgium................................ -- 5,312,709 -- 5,312,709
Canada................................. -- 129,678,578 -- 129,678,578
Denmark................................ -- 2,964,319 -- 2,964,319
Finland................................ -- 634,849 -- 634,849
France................................. -- 39,905,835 -- 39,905,835
Germany................................ -- 62,032,105 -- 62,032,105
Ireland................................ -- 4,193,531 -- 4,193,531
Italy.................................. -- 7,706,960 -- 7,706,960
Japan.................................. -- 52,656,752 -- 52,656,752
Netherlands............................ -- 76,318,730 -- 76,318,730
Norway................................. -- 5,103,575 -- 5,103,575
Spain.................................. -- 12,264,764 -- 12,264,764
Supranational Organization Obligations. -- 63,278,854 -- 63,278,854
Sweden................................. -- 72,117,862 -- 72,117,862
Switzerland............................ -- 1,514,521 -- 1,514,521
United Kingdom......................... -- 33,332,692 -- 33,332,692
United States.......................... -- 515,996,326 -- 515,996,326
Agency Obligations....................... -- 44,869,864 -- 44,869,864
U.S. Treasury Obligations................ -- 6,515,877 -- 6,515,877
Securities Lending Collateral............ -- 91,880,608 -- 91,880,608
Swap Agreements**........................ -- 14,754,824 -- 14,754,824
Forward Currency Contracts**............. -- 4,385,216 -- 4,385,216
-- -------------- -- --------------
TOTAL.................................... -- $1,345,153,201 -- $1,345,153,201
== ============== == ==============
**Valued at the unrealized appreciation/(depreciation) on the investment.
See accompanying Notes to Financial Statements.
113
DFA MUNICIPAL REAL RETURN PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
------ ------
(000)
MUNICIPAL BONDS -- (100.0%)
ALABAMA -- (0.6%)
Alabama State (GO) Series A
5.000%, 08/01/20.............................. $2,250 $ 2,402,145
5.000%, 08/01/23.............................. 2,200 2,496,604
-----------
TOTAL ALABAMA...................................... 4,898,749
-----------
ALASKA -- (0.7%)
Borough of North Slope (GO) Series C (ETM)
3.000%, 06/30/18.............................. 500 501,045
City of Anchorage (GO) Series B
5.000%, 09/01/21.............................. 900 981,387
5.000%, 09/01/23.............................. 600 676,638
City of Anchorage (GO) Series D
5.000%, 09/01/23.............................. 2,585 2,915,182
-----------
TOTAL ALASKA....................................... 5,074,252
-----------
ARIZONA -- (0.6%)
City of Phoenix (GO)
4.000%, 07/01/20.............................. 1,500 1,566,765
City of Tempe (GO) Series C
4.000%, 07/01/22.............................. 1,400 1,502,018
Maricopa County High School District No.
210-Phoenix (GO)
3.000%, 07/01/23.............................. 650 671,378
Scottsdale Municipal Property Corp. (RB) Series A
3.000%, 07/01/21.............................. 805 828,297
-----------
TOTAL ARIZONA...................................... 4,568,458
-----------
ARKANSAS -- (1.4%)
Arkansas State (GO)
5.000%, 04/01/21.............................. 2,600 2,818,140
5.000%, 10/01/21.............................. 7,195 7,886,296
-----------
TOTAL ARKANSAS..................................... 10,704,436
-----------
CALIFORNIA -- (3.0%)
California State (GO)
5.000%, 08/01/26.............................. 9,000 10,689,210
3.500%, 08/01/27.............................. 1,500 1,619,250
5.000%, 08/01/27.............................. 4,000 4,809,920
California State (GO) Series B
5.000%, 09/01/25.............................. 3,140 3,687,993
Los Angeles Unified School District (GO) Series A
5.000%, 07/01/27.............................. 2,000 2,430,920
-----------
TOTAL CALIFORNIA................................... 23,237,293
-----------
COLORADO -- (0.9%)
Boulder County (RB)
5.000%, 07/15/18.............................. 100 100,672
FACE
AMOUNT VALUE+
------ ------
(000)
COLORADO -- (Continued)
Denver City & County School District No. 1 (GO)
Series B (ETM) (ST AID WITHHLDG)
4.000%, 12/01/18............................. $ 35 $ 35,445
Denver City & County School District No. 1 (GO)
Series B (ST AID WITHHLDG)
4.000%, 12/01/18............................. 265 268,564
5.000%, 12/01/24............................. 900 1,041,048
El Paso County School District No. 20 Academy
(GO) (ST AID WITHHLDG)
5.000%, 12/15/21............................. 1,240 1,362,400
Jefferson County School District R-1 (GO) (ST
AID WITHHLDG)
5.250%, 12/15/24............................. 1,000 1,169,440
Weld County School District No. RE-4 (GO) (ST
INTERCEPT)
4.000%, 12/01/23............................. 2,425 2,619,897
-----------
TOTAL COLORADO................................... 6,597,466
-----------
CONNECTICUT -- (0.2%)
Connecticut State (GO) Series A
5.000%, 10/15/18............................. 600 608,640
5.000%, 10/15/19............................. 300 312,162
Connecticut State (GO) Series C
5.000%, 06/01/18............................. 1,000 1,002,550
-----------
TOTAL CONNECTICUT................................ 1,923,352
-----------
DELAWARE -- (0.5%)
New Castle County (GO)
5.000%, 10/01/23............................. 2,275 2,592,180
New Castle County (GO) Series B
5.000%, 07/15/22............................. 1,450 1,617,026
-----------
TOTAL DELAWARE................................... 4,209,206
-----------
DISTRICT OF COLUMBIA -- (1.6%)
District of Columbia (GO) Series A
5.000%, 06/01/20............................. 1,900 2,018,769
District of Columbia (GO) Series E
5.000%, 06/01/21............................. 2,550 2,773,406
5.000%, 06/01/26............................. 1,875 2,211,506
Washington Metropolitan Area Transit Authority
(RB) Series A-1
5.000%, 07/01/27............................. 4,535 5,392,795
-----------
TOTAL DISTRICT OF COLUMBIA....................... 12,396,476
-----------
FLORIDA -- (3.1%)
Florida Department of Environmental Protection
(RB) Series A
5.000%, 07/01/26............................. 5,000 5,869,350
114
DFA MUNICIPAL REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
FLORIDA -- (Continued)
Florida State (GO)
5.000%, 07/01/21.............................. $2,000 $ 2,181,080
5.000%, 07/01/24.............................. 500 574,675
Florida State Board of Education (GO) Series A
5.000%, 06/01/23.............................. 700 790,839
Florida State Board of Education (GO) Series B
5.000%, 06/01/19.............................. 555 574,275
5.000%, 06/01/20.............................. 3,300 3,502,785
5.000%, 06/01/23.............................. 650 734,350
5.000%, 06/01/25.............................. 3,000 3,496,560
Miami-Dade County (GO) Series A
5.000%, 07/01/26.............................. 1,810 2,123,257
Miami-Dade County (GO) Series D
5.000%, 07/01/20.............................. 3,520 3,743,978
-----------
TOTAL FLORIDA...................................... 23,591,149
-----------
GEORGIA -- (3.1%)
Cobb County (GO)
5.000%, 01/01/22.............................. 2,335 2,575,995
Georgia State (GO) Series A-1
5.000%, 02/01/19.............................. 6,805 6,970,838
Georgia State (GO) Series C
5.000%, 10/01/21.............................. 2,490 2,733,547
Georgia State (GO) Series C-1
5.000%, 07/01/23.............................. 3,000 3,406,260
5.000%, 07/01/24.............................. 3,200 3,691,808
Georgia State (GO) Series I
5.000%, 07/01/20.............................. 2,345 2,499,887
Georgia State Road & Tollway Authority (RB) (GTD)
5.000%, 10/01/23.............................. 1,580 1,802,006
-----------
TOTAL GEORGIA...................................... 23,680,341
-----------
HAWAII -- (1.1%)
City & County of Honolulu (GO) Series B
5.000%, 10/01/23.............................. 2,150 2,439,175
5.000%, 10/01/25.............................. 450 526,356
Hawaii State (GO) Series EF
5.000%, 11/01/22.............................. 300 335,916
Hawaii State (GO) Series EH (ETM)
5.000%, 08/01/23.............................. 1,225 1,386,271
Hawaii State (GO) Series EH-2017
5.000%, 08/01/23.............................. 970 1,100,271
Hawaii State (GO) Series EH-2017 (ETM)
5.000%, 08/01/23.............................. 305 345,153
Hawaii State (GO) Series FK
5.000%, 05/01/23.............................. 1,800 2,031,822
-----------
TOTAL HAWAII....................................... 8,164,964
-----------
FACE
AMOUNT VALUE+
------ ------
(000)
IOWA -- (0.1%)
City of Ankeny (GO) Series G
5.000%, 06/01/19............................. $ 910 $ 941,213
-----------
KANSAS -- (1.5%)
City of Lenexa (GO) Series A
5.000%, 09/01/21............................. 600 656,280
City of Lenexa (GO) Series B
5.000%, 09/01/20............................. 1,610 1,722,072
City of Merriam (GO)
5.000%, 10/01/25............................. 200 234,528
City of Wichita (GO) Series A
5.000%, 12/01/20............................. 3,000 3,223,650
Johnson County (GO) Series B
5.000%, 09/01/22............................. 1,405 1,567,839
Johnson County Unified School District No. 229
Blue Valley (GO) Series A
5.000%, 10/01/26............................. 1,500 1,777,920
Kansas State Department of Transportation (RB)
Series B
5.000%, 09/01/20............................. 1,975 2,112,006
Kansas State Department of Transportation (RB)
Series C
5.000%, 09/01/19............................. 125 130,149
-----------
TOTAL KANSAS..................................... 11,424,444
-----------
KENTUCKY -- (0.8%)
Louisville & Jefferson County (GO) Series A
5.000%, 12/01/22............................. 1,500 1,677,870
5.000%, 12/01/25............................. 3,800 4,446,532
-----------
TOTAL KENTUCKY................................... 6,124,402
-----------
LOUISIANA -- (0.5%)
Louisiana State (GO) Series A (ETM)
5.000%, 08/01/18............................. 2,000 2,016,200
Louisiana State (GO) Series C
5.000%, 07/15/22............................. 250 276,673
5.000%, 08/01/23............................. 1,100 1,239,018
Louisiana State (GO) Series D-2
5.000%, 12/01/21............................. 600 656,664
-----------
TOTAL LOUISIANA.................................. 4,188,555
-----------
MAINE -- (0.1%)
Maine State (GO) Series B
5.000%, 06/01/23............................. 495 559,746
-----------
MARYLAND -- (8.7%)
Anne Arundel County (GO)
5.000%, 04/01/23............................. 4,000 4,510,920
Anne County Arundel (GO)
5.000%, 10/01/19............................. 1,195 1,247,102
Baltimore County (BAN)
4.000%, 03/18/19............................. 2,500 2,549,350
115
DFA MUNICIPAL REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
MARYLAND -- (Continued)
Baltimore County (GO)
5.000%, 08/01/18............................. $1,000 $ 1,008,170
5.000%, 08/01/21............................. 500 545,930
3.000%, 11/01/24............................. 5,015 5,191,979
City of Baltimore (GO) Series B
5.000%, 10/15/22............................. 645 719,749
City of Frederick (GO) Series C
5.000%, 03/01/27............................. 3,100 3,702,454
Harford County (GO) Series A
5.000%, 09/15/20............................. 900 963,675
Howard County (GO) Series B
5.000%, 02/15/26............................. 6,420 7,573,802
Howard County (GO) Series D
5.000%, 02/15/24............................. 4,000 4,572,520
Maryland State (GO) Series B
5.000%, 03/01/19............................. 1,000 1,026,990
5.000%, 08/01/20............................. 2,000 2,133,880
4.000%, 08/01/23............................. 1,785 1,936,903
5.000%, 08/01/26............................. 5,500 6,527,785
Maryland State (GO) Series C
5.000%, 08/01/20............................. 2,000 2,133,880
Montgomery County (GO) Series C
5.000%, 10/01/27............................. 6,655 8,024,133
Montgomery County (GO) Series D
3.000%, 11/01/23............................. 2,000 2,072,960
Prince George's County (GO) Series B
5.000%, 09/15/18............................. 650 657,924
Washington Suburban Sanitary Commission (GO)
5.000%, 06/01/18............................. 650 651,710
5.000%, 06/01/24............................. 4,325 4,968,171
3.000%, 06/01/26............................. 2,080 2,144,854
Worcester County (GO) Series B
4.000%, 08/01/21............................. 2,255 2,387,301
-----------
TOTAL MARYLAND................................... 67,252,142
-----------
MASSACHUSETTS -- (4.5%)
City of Boston (GO) Series A
5.000%, 03/01/20............................. 1,200 1,268,148
5.000%, 04/01/20............................. 1,250 1,324,175
City of Boston (GO) Series B
5.000%, 04/01/24............................. 3,500 4,023,845
Commonwealth of Massachusetts (GO) Series C
5.000%, 04/01/23............................. 4,000 4,504,960
Commonwealth of Massachusetts (GO) Series B
5.250%, 08/01/21............................. 500 549,505
Commonwealth of Massachusetts (GO) Series C
5.000%, 08/01/20............................. 3,255 3,471,393
5.000%, 08/01/24............................. 1,360 1,561,402
Commonwealth of Massachusetts (GO) Series E
5.000%, 11/01/27............................. 1,000 1,198,960
FACE
AMOUNT VALUE+
------ ------
(000)
MASSACHUSETTS -- (Continued)
Massachusetts Clean Water Trust (The) (RB)
5.000%, 08/01/20............................. $ 400 $ 427,324
Massachusetts School Building Authority (RB)
Series A
5.000%, 11/15/25............................. 3,240 3,800,488
Massachusetts Water Resources Authority (RB)
Series B (AGM)
5.250%, 08/01/28............................. 9,000 11,105,640
Town of Lexington (GO)
4.000%, 02/15/27............................. 1,000 1,113,460
Town of Medfield (GO)
3.000%, 09/15/19............................. 510 518,374
-----------
TOTAL MASSACHUSETTS.............................. 34,867,674
-----------
MICHIGAN -- (0.7%)
Michigan State (GO)
5.000%, 11/01/19............................. 700 732,942
Michigan State (GO) Series A
5.000%, 05/01/23............................. 2,425 2,734,867
5.000%, 05/01/25............................. 1,500 1,741,455
-----------
TOTAL MICHIGAN................................... 5,209,264
-----------
MINNESOTA -- (3.3%)
City of Edina (GO) Series B
3.000%, 02/01/19............................. 1,000 1,009,520
Hennepin County (GO) Series C
5.000%, 12/01/28............................. 1,150 1,407,416
Metropolitan Council (GO) Series C
5.000%, 03/01/24............................. 6,250 7,154,687
Minneapolis Special School District No. 1 (GO)
(SD CRED PROG)
5.000%, 02/01/28............................. 2,590 3,127,036
Minnesota State (GO)
5.000%, 08/01/18............................. 640 645,165
Minnesota State (GO) (ETM)
5.000%, 08/01/18............................. 10 10,079
Minnesota State (GO) Series A
5.000%, 08/01/21............................. 1,330 1,451,296
5.000%, 08/01/25............................. 7,000 8,193,640
Minnesota State (GO) Series D
5.000%, 08/01/21............................. 700 763,840
Minnesota State (GO) Series E
2.000%, 08/01/19............................. 1,000 1,002,440
Saint Paul Public Library Agency (GO) Series C
5.000%, 03/01/20............................. 900 950,607
-----------
TOTAL MINNESOTA.................................. 25,715,726
-----------
MISSISSIPPI -- (0.3%)
Madison County School District (GO)
3.500%, 12/01/19............................. 350 358,785
Mississippi State (GO) Series B
5.000%, 11/01/20............................. 600 643,788
Mississippi State (GO) Series C
5.000%, 10/01/20............................. 1,565 1,675,849
-----------
TOTAL MISSISSIPPI................................ 2,678,422
-----------
116
DFA MUNICIPAL REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
MISSOURI -- (0.8%)
Columbia School District (GO) Series B
5.000%, 03/01/23.............................. $ 2,500 $ 2,826,400
Missouri Highway & Transportation Commission (RB)
5.000%, 02/01/19.............................. 1,525 1,561,935
North Kansas City School District No. 74 (GO)
(ST AID DIR DEP)
4.000%, 03/01/26.............................. 1,845 2,022,766
-----------
TOTAL MISSOURI..................................... 6,411,101
-----------
NEBRASKA -- (1.2%)
Douglas County School District No. 17 (GO)
4.000%, 12/15/26.............................. 3,000 3,334,620
Omaha School District (GO)
5.000%, 12/15/25.............................. 1,345 1,577,954
5.000%, 12/15/26.............................. 3,975 4,724,208
-----------
TOTAL NEBRASKA..................................... 9,636,782
-----------
NEVADA -- (3.5%)
City of Henderson NV (GO)
5.000%, 06/01/21.............................. 600 651,822
Clark County (GO) Series B
5.000%, 11/01/24.............................. 8,665 9,956,692
Nevada State (GO) Series D
5.000%, 04/01/25.............................. 11,625 13,451,520
Nevada State (GO) Series D-1
5.000%, 03/01/22.............................. 2,000 2,206,140
Washoe County School District (GO) Series F
5.000%, 06/01/21.............................. 900 974,925
-----------
TOTAL NEVADA....................................... 27,241,099
-----------
NEW HAMPSHIRE -- (0.4%)
City of Dover (GO) Series C
5.000%, 07/01/20.............................. 220 234,241
City of Nashua (GO)
4.000%, 07/15/24.............................. 2,000 2,180,940
New Hampshire State (GO) Series B
5.000%, 06/01/19.............................. 540 558,635
-----------
TOTAL NEW HAMPSHIRE................................ 2,973,816
-----------
NEW JERSEY -- (0.3%)
City of Hoboken (GO)
3.000%, 02/01/27.............................. 1,000 1,011,510
Township of Parsippany-Troy Hills (GO) Series
ABCD
2.000%, 09/15/21.............................. 1,515 1,505,198
-----------
TOTAL NEW JERSEY................................... 2,516,708
-----------
NEW MEXICO -- (2.3%)
New Mexico State (GO)
5.000%, 03/01/19.............................. 3,500 3,591,840
5.000%, 03/01/21.............................. 2,105 2,273,653
FACE
AMOUNT VALUE+
------ ------
(000)
NEW MEXICO -- (Continued)
New Mexico State Severance Tax Permanent Fund
(RB) Series A
5.000%, 07/01/27............................. $2,570 $ 3,058,428
New Mexico State Severance Tax Permanent Fund
(RB) Series B
4.000%, 07/01/20............................. 2,000 2,087,280
New Mexico State Severance Tax Permanent Fund
(RB) Series D
5.000%, 07/01/26............................. 5,580 6,568,162
-----------
TOTAL NEW MEXICO................................. 17,579,363
-----------
NEW YORK -- (2.5%)
City of New York (GO) Series C
5.000%, 08/01/26............................. 500 587,325
5.000%, 08/01/26............................. 1,960 2,302,314
City of New York (GO) Series G
5.000%, 08/01/18............................. 1,600 1,612,832
City of New York (GO) Series J
5.000%, 08/01/22............................. 650 722,553
New York State Dormitory Authority (RB) Series A
5.000%, 02/15/25............................. 500 577,220
New York State Dormitory Authority (RB) Series B
5.000%, 02/15/22............................. 2,500 2,756,700
5.000%, 02/15/24............................. 700 796,943
New York State Urban Development Corp. (RB)
Series A
5.000%, 03/15/26............................. 6,890 8,075,769
New York State Urban Development Corp. (RB)
Series C
5.000%, 12/15/18............................. 1,000 1,020,420
Riverhead Central School District (GO) (ST AID
WITHHLDG)
2.000%, 10/15/22............................. 700 697,627
-----------
TOTAL NEW YORK................................... 19,149,703
-----------
NORTH CAROLINA -- (6.2%)
City of Charlotte Water & Sewer System Revenue
(RB)
5.000%, 07/01/21............................. 1,800 1,966,446
Forsyth County (GO)
4.000%, 12/01/21............................. 1,500 1,598,325
Gaston County (GO)
5.000%, 02/01/26............................. 2,500 2,928,025
Iredell County (GO) Series B
2.500%, 02/01/24............................. 2,285 2,292,266
Mecklenburg County (GO) Series A
5.000%, 04/01/22............................. 5,000 5,545,950
Mecklenburg County (GO) Series B
5.000%, 12/01/21............................. 6,120 6,742,343
5.000%, 12/01/26............................. 8,430 10,091,469
North Carolina Eastern Municipal Power Agency
(RB) Series B (NATL-IBC) (ETM)
6.000%, 01/01/22............................. 650 733,772
117
DFA MUNICIPAL REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
NORTH CAROLINA -- (Continued)
North Carolina State (GO) Series A
5.000%, 06/01/22............................. $6,000 $ 6,679,440
North Carolina State (GO) Series C
3.750%, 05/01/19............................. 1,500 1,529,685
Wake County (GO)
5.000%, 03/01/19............................. 1,000 1,026,990
5.000%, 09/01/21............................. 2,250 2,465,617
5.000%, 09/01/24............................. 4,000 4,625,120
-----------
TOTAL NORTH CAROLINA............................. 48,225,448
-----------
NORTH DAKOTA -- (0.1%)
North Dakota State University of Agriculture &
Applied Science (RB) Series A
5.000%, 04/01/21............................. 545 587,352
-----------
OHIO -- (5.6%)
Beavercreek City School District (GO) (AGM)
5.000%, 12/01/18............................. 525 534,839
City of Columbus (GO) Series 1
5.000%, 07/01/21............................. 2,775 3,028,940
5.000%, 07/01/23............................. 1,875 2,122,069
City of Columbus (GO) Series A
5.000%, 02/15/20............................. 650 685,204
2.000%, 08/15/22............................. 2,000 1,968,560
4.000%, 08/15/25............................. 3,500 3,854,970
Cleveland Department of Public Utilities
Division of Water (RB) Series T
5.000%, 01/01/19............................. 4,335 4,427,769
Franklin County (GO)
5.000%, 06/01/21............................. 1,830 1,990,326
Ohio State (GO) Series A
4.000%, 03/01/21............................. 1,475 1,552,423
5.000%, 09/15/24............................. 2,000 2,300,280
5.000%, 09/15/25............................. 1,950 2,279,063
Ohio State (GO) Series B
5.000%, 08/01/20............................. 650 692,770
5.000%, 09/01/27............................. 9,300 11,146,887
5.000%, 09/15/27............................. 3,500 4,197,620
Ohio Water Development Authority (RB) Series C
5.000%, 06/01/19............................. 2,225 2,303,008
-----------
TOTAL OHIO....................................... 43,084,728
-----------
OREGON -- (1.4%)
City of Portland Sewer System Revenue (RB)
Series A
5.000%, 10/01/23............................. 3,570 4,059,911
Multnomah County School District No. 1 Portland
(GO) Series B (SCH BD GTY)
5.000%, 06/15/23............................. 1,005 1,134,796
FACE
AMOUNT VALUE+
------ ------
(000)
OREGON -- (Continued)
Oregon State (GO) Series A
5.000%, 05/01/21............................. $ 800 $ 868,992
Oregon State (GO) Series D
3.000%, 05/01/20............................. 2,345 2,396,238
Oregon State (GO) Series G
5.000%, 12/01/22............................. 2,050 2,299,731
-----------
TOTAL OREGON..................................... 10,759,668
-----------
PENNSYLVANIA -- (0.4%)
Pennsylvania Economic Development Financing
Authority (RB) Series A
5.000%, 07/01/19............................. 3,145 3,257,717
-----------
RHODE ISLAND -- (0.3%)
Rhode Island State (GO) Series A
5.000%, 08/01/20............................. 1,900 2,024,165
Rhode Island State (GO) Series D
5.000%, 08/01/22............................. 600 666,204
-----------
TOTAL RHODE ISLAND............................... 2,690,369
-----------
SOUTH CAROLINA -- (3.0%)
Beaufort County (GO) Series A (ST AID WITHHLDG)
4.000%, 03/01/22............................. 640 683,782
Beaufort County School District (GO) Series A
(SCSDE)
5.000%, 03/01/23............................. 6,000 6,748,140
Berkeley County School District (GO) Series A
(SCSDE)
5.000%, 03/01/27............................. 2,500 2,985,850
Charleston County (GO)
5.000%, 11/01/23............................. 1,000 1,140,900
Charleston County School District (GO) Series A
(SCSDE)
5.000%, 02/01/21............................. 800 863,376
Clemson University (RB) Series B
5.000%, 05/01/25............................. 750 872,295
Lexington & Richland School District No. 5 (GO)
(SCSDE)
5.000%, 03/01/24............................. 2,750 3,141,600
Richland County (GO) Series A (ST AID WITHHLDG)
5.000%, 03/01/26............................. 1,870 2,216,605
South Carolina State (GO) Series A (ST AID
WITHHLDG)
5.000%, 10/01/23............................. 3,000 3,418,260
Spartanburg County (GO) (ST AID WITHHLDG)
5.000%, 04/01/19............................. 1,210 1,245,477
-----------
TOTAL SOUTH CAROLINA............................. 23,316,285
-----------
TENNESSEE -- (4.5%)
City of Kingsport (GO) Series A
5.000%, 09/01/21............................. 510 557,323
118
DFA MUNICIPAL REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
TENNESSEE -- (Continued)
Hamilton County (GO) Series B
5.000%, 03/01/22............................. $2,000 $ 2,214,680
Maury County (GO) Series B
5.000%, 04/01/20............................. 1,205 1,274,866
Metropolitan Government of Nashville & Davidson
County (GO)
5.000%, 01/01/26............................. 7,165 8,412,498
Metropolitan Government of Nashville & Davidson
County (GO) Series C
5.000%, 07/01/21............................. 5,000 5,446,300
Rutherford County (GO) Series B
5.000%, 04/01/23............................. 4,085 4,606,777
Shelby County (GO)
5.000%, 04/01/25............................. 5,000 5,813,200
Shelby County (GO) Series A
5.000%, 04/01/20............................. 1,500 1,587,255
Sullivan County (GO) Series A
5.000%, 04/01/21............................. 1,000 1,082,130
Sumner County (GO)
5.000%, 06/01/21............................. 650 707,154
5.000%, 12/01/21............................. 900 989,883
Washington County (GO) Series A
4.000%, 06/01/26............................. 1,705 1,881,860
-----------
TOTAL TENNESSEE.................................. 34,573,926
-----------
TEXAS -- (16.4%)
City of Arlington (GO)
5.000%, 08/15/25............................. 1,000 1,160,490
City of Austin (GO)
5.000%, 09/01/25............................. 2,305 2,695,444
City of Dallas (GO)
5.000%, 02/15/19............................. 1,600 1,640,128
City of Dallas Waterworks & Sewer System Revenue
(RB) Series A
5.000%, 10/01/22............................. 9,000 10,050,300
City of Frisco (GO) Series A
5.000%, 02/15/25............................. 2,000 2,300,800
City of Garland (GO) Series A
5.000%, 02/15/24............................. 400 454,700
City of Houston (GO) (TRANS)
4.000%, 06/29/18............................. 2,000 2,007,700
City of Lubbock (GO)
5.000%, 02/15/23............................. 4,000 4,477,040
City of San Antonio (GO)
5.000%, 02/01/20............................. 2,500 2,635,150
5.000%, 02/01/21............................. 2,200 2,374,900
City of San Antonio Electric & Gas Systems
Revenue (RB)
5.000%, 02/01/24............................. 9,515 10,818,936
5.000%, 02/01/26............................. 2,850 3,335,754
City of San Antonio Electric & Gas Systems
Revenue (RB) Series D
5.000%, 02/01/19............................. 310 317,555
City of Sugar Land (GO)
5.000%, 02/15/21............................. 1,050 1,132,541
FACE
AMOUNT VALUE+
------ ------
(000)
TEXAS -- (Continued)
Conroe Independent School District (GO) Series A
(PSF-GTD)
5.000%, 02/15/26.............................. $ 8,710 $10,241,653
Cypress-Fairbanks Independent School District
(GO) (PSF-GTD)
5.000%, 02/15/21.............................. 800 862,888
Dallas County Community College District (GO)
5.000%, 02/15/23.............................. 7,965 8,934,102
El Paso Independent School District (GO)
(PSF-GTD)
5.000%, 08/15/24.............................. 3,035 3,477,533
Frisco Independent School District (GO) (PSF-GTD)
5.000%, 08/15/20.............................. 2,460 2,622,901
Goose Creek Consolidated Independent School
District (GO) (PSF-GTD)
5.000%, 02/15/27.............................. 3,000 3,551,820
Highland Park Independent School District (GO)
5.000%, 02/15/23.............................. 3,120 3,502,637
Houston Independent School District (GO)
(PSF-GTD)
5.000%, 02/15/27.............................. 5,000 5,928,350
Humble Independent School District (GO) Series A
(PSF-GTD)
2.000%, 02/15/19.............................. 660 661,274
Permanent University Fund - University of Texas
System (RB) Series B
5.250%, 07/01/28.............................. 2,610 3,211,083
Pflugerville Independent School District (GO)
(PSF-GTD)
4.000%, 08/15/20.............................. 2,000 2,091,200
Plano Independent School District (GO) (PSF-GTD)
5.000%, 02/15/24.............................. 2,225 2,529,269
San Antonio Independent School District (GO)
(PSF-GTD)
5.000%, 02/15/20.............................. 1,790 1,885,317
Texas State (GO)
5.000%, 04/01/19.............................. 1,150 1,183,614
5.000%, 10/01/23.............................. 4,200 4,769,478
Texas State (RN)
4.000%, 08/30/18.............................. 3,000 3,022,860
Texas Transportation Commission State Highway
Fund (RB)
5.000%, 10/01/26.............................. 2,505 2,964,968
University of Texas System (The) (RB) Series C
5.000%, 08/15/19.............................. 100 104,022
University of Texas System (The) (RB) Series J
5.000%, 08/15/25.............................. 12,500 14,642,000
5.000%, 08/15/26.............................. 3,850 4,572,529
119
DFA MUNICIPAL REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
TEXAS -- (Continued)
Ysleta Independent School District (GO) Series A
(PSF-GTD)
5.000%, 08/15/20............................. $ 460 $ 490,779
------------
TOTAL TEXAS...................................... 126,651,715
------------
UTAH -- (1.3%)
City of American Fork (GO)
5.000%, 05/01/26............................. 1,165 1,359,310
Davis School District (GO) Series S (SCH BD GTY)
5.000%, 06/01/23............................. 1,000 1,131,820
Jordan School District (GO) (SCH BD GTY)
5.000%, 06/15/22............................. 3,050 3,393,399
Tooele County School District (GO) Series B (SCH
BD GTY)
5.000%, 06/01/22............................. 650 721,988
Utah State (GO)
5.000%, 07/01/22............................. 1,500 1,671,900
Utah State (GO) Series C
5.000%, 07/01/19............................. 900 933,426
Weber School District (GO) (SCH BD GTY)
5.000%, 06/15/21............................. 650 707,850
------------
TOTAL UTAH....................................... 9,919,693
------------
VERMONT -- (0.2%)
Vermont State (GO) Series C
4.000%, 08/15/23............................. 1,300 1,414,777
------------
VIRGINIA -- (3.6%)
Arlington County (GO) Series B
5.000%, 08/15/22............................. 4,830 5,396,897
City of Lynchburg (GO)
5.000%, 02/01/26............................. 1,930 2,275,296
City of Manassas (GO) Series C (ST AID WITHHLDG)
5.000%, 07/01/21............................. 1,040 1,135,170
City of Richmond (GO) Series A (ST AID WITHHLDG)
5.000%, 03/01/21............................. 900 973,143
City of Virginia Beach (GO) Series B (ST AID
WITHHLDG)
5.000%, 09/15/24............................. 3,000 3,463,830
Fairfax County (GO) Series A (ST AID WITHHLDG)
5.000%, 10/01/19............................. 2,000 2,088,920
5.000%, 10/01/23............................. 4,775 5,448,562
Fairfax County (GO) Series B (ST AID WITHHLDG)
5.000%, 10/01/18............................. 400 405,464
Loudoun County (GO) Series A
5.000%, 12/01/21............................. 5,000 5,503,000
Virginia Public Building Authority (RB) Series C
5.000%, 08/01/23............................. 600 678,990
FACE
AMOUNT VALUE+
------ ------
(000)
VIRGINIA -- (Continued)
Virginia Resources Authority (RB) Series D
5.000%, 11/01/20............................. $ 200 $ 214,950
-----------
TOTAL VIRGINIA................................... 27,584,222
-----------
WASHINGTON -- (5.3%)
City of Marysville Water & Sewer Revenue (RB)
5.000%, 04/01/20............................. 175 185,248
City of Seattle Municipal Light & Power Revenue
(RB) Series B
5.000%, 04/01/24............................. 3,000 3,427,590
City of Seattle Water System Revenue (RB)
5.000%, 09/01/19............................. 190 198,005
City of Spokane (GO)
5.000%, 12/01/25............................. 1,165 1,357,097
Clark County School District No. 119
Battleground (GO) (SCH BD GTY)
4.000%, 12/01/21............................. 510 542,885
King & Snohomish Counties School District
No. 417 Northshore (GO) (SCH BD GTY)
5.000%, 12/01/19............................. 2,825 2,962,945
King County (GO) Series A
5.000%, 07/01/20............................. 700 746,081
5.000%, 12/01/25............................. 1,830 2,149,628
King County School District No. 405 Bellevue
(GO) (SCH BD GTY)
5.000%, 12/01/24............................. 2,265 2,615,486
King County School District No. 414 Lake
Washington (GO) (SCH BD GTY)
5.000%, 12/01/22............................. 925 1,036,823
King County Sewer Revenue (RB) Series B
5.000%, 07/01/22............................. 5,640 6,269,649
North Thurston Public Schools (GO) (SCH BD GTY)
5.000%, 12/01/22............................. 2,080 2,321,842
Washington State (GO)
5.000%, 08/01/27............................. 4,800 5,732,592
Washington State (GO) Series 2017-A
5.000%, 08/01/26............................. 1,480 1,750,514
Washington State (GO) Series A
5.000%, 08/01/21............................. 500 545,930
Washington State (GO) Series C
5.000%, 02/01/25............................. 1,930 2,232,991
Washington State (GO) Series R-2012A
5.000%, 07/01/19............................. 1,585 1,642,741
Washington State (GO) Series R-2012C
4.000%, 07/01/21............................. 150 158,913
120
DFA MUNICIPAL REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
WASHINGTON -- (Continued)
Washington State (GO) Series R-2013A
5.000%, 07/01/20............................. $2,775 $ 2,954,626
Washington State (GO) Series R-2015
5.000%, 07/01/18............................. 650 653,497
Washington State (GO) Series R-2015A
5.000%, 07/01/20............................. 1,560 1,660,979
-----------
TOTAL WASHINGTON................................. 41,146,062
-----------
WISCONSIN -- (3.4%)
City of Janesville (GO)
3.000%, 03/01/24............................. 1,245 1,277,196
City of Milwaukee (GO)
5.000%, 05/01/20............................. 2,370 2,507,578
City of Milwaukee (GO) Series N1
5.000%, 02/01/19............................. 100 102,324
City of Milwaukee (GO) Series N2
4.000%, 03/01/24............................. 6,500 7,040,475
FACE
AMOUNT VALUE+
------ ------
(000)
WISCONSIN -- (Continued)
City of Oshkosh (GO) Series B
3.000%, 12/01/23............................. $ 650 $ 671,626
Germantown School District (GO) Series A
5.000%, 04/01/27............................. 2,200 2,631,178
Oregon School District (GO)
3.000%, 03/01/21............................. 1,900 1,940,926
Wisconsin State (GO) Series 1
5.000%, 11/01/24............................. 4,025 4,643,240
Wisconsin State (GO) Series 2
5.000%, 11/01/20............................. 800 859,192
5.000%, 11/01/22............................. 600 672,108
Wisconsin State (GO) Series B
5.000%, 05/01/21............................. 3,405 3,698,647
------------
TOTAL WISCONSIN.................................. 26,044,490
------------
TOTAL MUNICIPAL BONDS............................ 772,772,754
------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $791,942,637)............................ $772,772,754
============
At April 30, 2018, DFA Municipal Real Return Portfolio had entered into the
following outstanding Inflation Swaps:
PAYMENTS PAYMENTS UPFRONT UPFRONT UNREALIZED
MADE RECEIVED PAYMENT NOTIONAL EXPIRATION PREMIUMS PREMIUMS MARKET APPRECIATION
COUNTERPARTY BY FUND BY FUND FREQUENCY AMOUNT DATE PAID RECEIVED VALUE (DEPRECIATION)
--------------- ------------ -------- --------- -------------- ---------- -------- -------- -------- --------------
Bank of America
Corp.......... 2.195% Fixed CPI Maturity USD 15,000,000 01/09/24 -- -- $118,072 $118,072
Bank of America
Corp.......... 2.193% Fixed CPI Maturity USD 14,000,000 03/29/25 -- -- 114,764 114,764
Bank of America
Corp.......... 2.185% Fixed CPI Maturity USD 17,000,000 03/03/23 -- -- 97,719 97,719
Bank of America
Corp.......... 2.177% Fixed CPI Maturity USD 11,000,000 09/20/27 -- -- 262,291 262,291
Bank of America
Corp.......... 2.149% Fixed CPI Maturity USD 14,000,000 08/10/27 -- -- 345,183 345,183
Bank of America
Corp.......... 2.064% Fixed CPI Maturity USD 13,000,000 10/24/24 -- -- 300,013 300,013
Bank of America
Corp.......... 2.029% Fixed CPI Maturity USD 15,000,000 05/24/25 -- -- 367,155 367,155
Bank of America
Corp.......... 2.004% Fixed CPI Maturity USD 14,000,000 06/13/25 -- -- 382,668 382,668
Bank of America
Corp.......... 1.902% Fixed CPI Maturity USD 25,000,000 07/14/22 -- -- 523,607 523,607
Bank of America
Corp.......... 1.826% Fixed CPI Maturity USD 26,000,000 11/07/20 -- -- 458,257 458,257
Bank of America
Corp.......... 1.715% Fixed CPI Maturity USD 11,000,000 09/28/23 -- -- 452,940 452,940
Bank of America
Corp.......... 1.706% Fixed CPI Maturity USD 11,000,000 06/14/22 -- -- 395,074 395,074
Bank of America
Corp.......... 1.704% Fixed CPI Maturity USD 27,000,000 05/31/21 -- -- 786,707 786,707
121
DFA MUNICIPAL REAL RETURN PORTFOLIO
CONTINUED
PAYMENTS PAYMENTS UPFRONT UPFRONT UNREALIZED
MADE RECEIVED PAYMENT NOTIONAL EXPIRATION PREMIUMS PREMIUMS MARKET APPRECIATION
COUNTERPARTY BY FUND BY FUND FREQUENCY AMOUNT DATE PAID RECEIVED VALUE (DEPRECIATION)
--------------- ------------ -------- --------- -------------- ---------- -------- -------- ----------- --------------
Bank of America
Corp.......... 1.663% Fixed CPI Maturity USD 17,000,000 04/15/22 -- -- $ 627,690 $ 627,690
Bank of America
Corp.......... 1.619% Fixed CPI Maturity USD 12,000,000 10/14/22 -- -- 406,099 406,099
Bank of America
Corp.......... 1.610% Fixed CPI Maturity USD 20,000,000 12/31/20 -- -- 497,823 497,823
Bank of America
Corp.......... 1.609% Fixed CPI Maturity USD 17,000,000 06/24/21 -- -- 567,798 567,798
Bank of America
Corp.......... 1.580% Fixed CPI Maturity USD 19,000,000 08/07/20 -- -- 378,911 378,911
Bank of America
Corp.......... 1.580% Fixed CPI Maturity USD 14,000,000 12/30/20 -- -- 369,163 369,163
Bank of America
Corp.......... 1.548% Fixed CPI Maturity USD 8,000,000 01/08/21 -- -- 226,500 226,500
Bank of America
Corp.......... 1.530% Fixed CPI Maturity USD 19,000,000 12/24/20 -- -- 546,098 546,098
Bank of America
Corp.......... 1.520% Fixed CPI Maturity USD 14,000,000 12/23/20 -- -- 409,084 409,084
Bank of America
Corp.......... 1.365% Fixed CPI Maturity USD 5,000,000 01/21/19 -- -- 51,045 51,045
Bank of America
Corp.......... 2.199% Fixed CPI Maturity USD 16,000,000 02/14/24 -- -- 125,531 125,531
Citibank, N.A.. 2.234% Fixed CPI Maturity USD 34,000,000 01/23/24 -- -- 210,949 210,949
Citibank, N.A.. 2.171% Fixed CPI Maturity USD 11,000,000 04/07/24 -- -- 81,397 81,397
Citibank, N.A.. 2.148% Fixed CPI Maturity USD 19,000,000 01/04/24 -- -- 221,112 221,112
Citibank, N.A.. 2.114% Fixed CPI Maturity USD 14,000,000 12/19/23 -- -- 191,096 191,096
Citibank, N.A.. 2.113% Fixed CPI Maturity USD 27,000,000 12/21/24 -- -- 443,520 443,520
Citibank, N.A.. 2.113% Fixed CPI Maturity USD 11,000,000 05/02/24 -- -- 131,823 131,823
Citibank, N.A.. 2.103% Fixed CPI Maturity USD 11,000,000 11/21/26 -- -- 264,711 264,711
Citibank, N.A.. 2.100% Fixed CPI Maturity USD 18,000,000 12/11/25 -- -- 358,305 358,305
Citibank, N.A.. 2.088% Fixed CPI Maturity USD 23,000,000 12/29/22 -- -- 269,259 269,259
Citibank, N.A.. 2.005% Fixed CPI Maturity USD 12,000,000 11/09/25 -- -- 363,313 363,313
Citibank, N.A.. 1.986% Fixed CPI Maturity USD 20,000,000 07/24/23 -- -- 438,572 438,572
Citibank, N.A.. 1.789% Fixed CPI Maturity USD 21,000,000 03/31/24 -- -- 851,554 851,554
Citibank, N.A.. 1.752% Fixed CPI Maturity USD 17,000,000 05/20/23 -- -- 692,360 692,360
Citibank, N.A.. 1.718% Fixed CPI Maturity USD 16,000,000 05/27/20 -- -- 370,109 370,109
Citibank, N.A.. 1.698% Fixed CPI Maturity USD 22,000,000 06/02/22 -- -- 812,121 812,121
Citibank, N.A.. 1.581% Fixed CPI Maturity USD 10,000,000 12/28/20 -- -- 263,287 263,287
Citibank, N.A.. 1.578% Fixed CPI Maturity USD 25,000,000 08/09/23 -- -- 1,227,128 1,227,128
Citibank, N.A.. 1.577% Fixed CPI Maturity USD 10,000,000 11/18/21 -- -- 321,513 321,513
Citibank, N.A.. 1.555% Fixed CPI Maturity USD 10,000,000 12/11/20 -- -- 272,112 272,112
Citibank, N.A.. 1.533% Fixed CPI Maturity USD 10,000,000 11/10/20 -- -- 258,947 258,947
Citibank, N.A.. 1.520% Fixed CPI Maturity USD 24,000,000 08/01/21 -- -- 860,911 860,911
Citibank, N.A.. 1.481% Fixed CPI Maturity USD 17,000,000 08/18/21 -- -- 626,458 626,458
Citibank, N.A.. 1.253% Fixed CPI Maturity USD 12,000,000 02/11/22 -- -- 667,611 667,611
Citibank, N.A.. 1.253% Fixed CPI Maturity USD 12,000,000 01/20/19 -- -- 282,497 282,497
-- -- ----------- -----------
TOTAL.......... -- -- $19,290,857 $19,290,857
== == =========== ===========
122
DFA MUNICIPAL REAL RETURN PORTFOLIO
CONTINUED
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
-----------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- ------------ ------- ------------
Municipal Bonds... -- $772,772,754 -- $772,772,754
Swap Agreements**. -- 19,290,857 -- 19,290,857
-- ------------ -- ------------
TOTAL............. -- $792,063,611 -- $792,063,611
== ============ == ============
**Valued at the unrealized appreciation/(depreciation) on the investment.
See accompanying Notes to Financial Statements.
123
DFA CALIFORNIA MUNICIPAL REAL RETURN PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
------ ------
(000)
MUNICIPAL BONDS -- (100.0%)
CALIFORNIA -- (100.0%)
Albany Unified School District (GO)
5.000%, 08/01/25............................. $ 230 $ 271,230
Alhambra Unified School District (GO) Series B
5.000%, 08/01/23............................. 100 114,281
Anaheim Housing & Public Improvements Authority (RB)
(currency) 5.000%, 10/01/41 (Pre-refunded @ $100,
10/1/21)..................................... 520 572,307
Bay Area Toll Authority (RB) Series S-4
(currency) 5.250%, 04/01/53 (Pre-refunded @ $100,
4/1/23)...................................... 250 286,330
Beverly Hills Unified School District (GO)
2.000%, 08/01/22............................. 150 150,242
Burbank Unified School District (GO)
5.000%, 08/01/24............................. 565 657,570
California State (GO)
5.000%, 12/01/22............................. 500 562,300
5.000%, 08/01/23............................. 585 665,736
5.000%, 10/01/25............................. 1,200 1,411,620
5.000%, 08/01/26............................. 1,540 1,829,043
5.000%, 08/01/26............................. 175 207,846
5.000%, 09/01/26............................. 2,410 2,864,478
3.500%, 08/01/27............................. 2,835 3,060,382
5.000%, 08/01/27............................. 4,200 5,050,416
5.000%, 11/01/27............................. 200 241,286
California State (GO) Series A
(currency) 5.250%, 07/01/21 (Pre-refunded @ $100,
7/1/19)...................................... 365 379,863
California State (GO) Series A (ETM)
5.000%, 07/01/19............................. 150 155,678
California State Department of Water Resources (RB)
Series AS
5.000%, 12/01/24............................. 775 907,773
California State Department of Water Resources Power
Supply Revenue (RB) Series L
5.000%, 05/01/19............................. 250 258,350
California State Department of Water Resources Power
Supply Revenue (RB) Series O
5.000%, 05/01/21............................. 1,225 1,337,002
5.000%, 05/01/22............................. 1,295 1,446,178
California State Public Works Board (RB) Series C-1
(currency) 5.000%, 03/01/22 (Pre-refunded @ $100,
3/1/20)...................................... 310 327,834
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
California State Public Works Board (RB) Series D
(currency) 5.000%, 09/01/24 (Pre-refunded @ $100,
9/1/22)...................................... $ 935 $1,050,370
(currency) 5.000%, 09/01/29 (Pre-refunded @ $100,
9/1/22)...................................... 1,250 1,404,237
California State University (RB) Series A
5.000%, 11/01/23............................. 375 430,762
Camrosa Water District Financing Authority (RB) Series A
4.000%, 01/15/22............................. 205 219,633
Carlsbad Unified School District (GO)
5.000%, 08/01/26............................. 310 371,510
City & County of San Francisco (GO) Series E
5.000%, 06/15/22............................. 200 223,944
City & County of San Francisco (GO) Series R1
5.000%, 06/15/19............................. 375 388,954
City of Grover Beach (GO)
5.000%, 09/01/22............................. 390 437,950
5.000%, 09/01/26............................. 345 413,793
5.000%, 09/01/27............................. 445 542,023
City of Long Beach Harbor Revenue (RB) Series C
5.000%, 11/15/18............................. 400 407,012
City of Los Angeles (GO) Series B
5.000%, 09/01/19............................. 150 156,563
City of Pacifica
5.000%, 01/01/24............................. 250 282,807
City of Pittsburg Water Revenue (RB) Series A
5.000%, 08/01/24............................. 275 318,835
City of San Francisco Public Utilities Commission Water
Revenue (RB)
5.000%, 11/01/23............................. 210 241,697
5.000%, 11/01/24............................. 1,000 1,169,980
City of San Francisco Public Utilities Commission Water
Revenue (RB) Series D
5.000%, 11/01/25............................. 220 262,027
5.000%, 11/01/26............................. 150 180,456
Cloverdale Unified School District (GO) Series A (AGM)
(currency) 5.250%, 08/01/32 (Pre-refunded @ $100,
8/1/21)...................................... 235 259,593
Contra Costa Transportation Authority (RB) Series A
5.000%, 03/01/23............................. 260 295,225
5.000%, 03/01/24............................. 750 866,077
124
DFA CALIFORNIA MUNICIPAL REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
Contra Costa Water District (RB) Series U
5.000%, 10/01/19............................. $ 100 $ 104,633
Culver City Unified School District (GO) Series C
8.000%, 08/01/23............................. 460 592,301
Desert Sands Unified School District (GO) Series A
5.000%, 06/01/23............................. 375 427,530
Dixie School District (GO)
5.000%, 08/01/21............................. 500 548,740
Dublin-San Ramon Services District Water Revenue (RB)
(currency) 5.500%, 08/01/34 (Pre-refunded @ $100,
2/1/21)...................................... 1,425 1,562,042
El Monte Union High School District (GO)
5.000%, 06/01/24............................. 250 289,015
Elsinore Valley Municipal Water District Financing
Authority (RB) Series A
5.000%, 07/01/24............................. 100 116,430
Emery Unified School District (GO)
5.000%, 08/01/27............................. 600 728,106
Grossmont Healthcare District (GO) Series C
5.000%, 07/15/23............................. 1,000 1,141,660
Grossmont Union High School District (GO)
5.000%, 08/01/21............................. 200 219,496
Kern High School District (GO) Series E
4.000%, 08/01/24............................. 200 220,286
Los Angeles County Metropolitan Transportation Authority
(RB)
(currency) 5.000%, 07/01/23 (Pre-refunded @ $100,
7/1/21)...................................... 1,000 1,094,730
Los Angeles County Metropolitan Transportation Authority
(RB) Series A
5.000%, 07/01/19............................. 1,200 1,247,400
5.000%, 07/01/24............................. 300 349,290
Los Angeles Department of Water (RB) Series A
5.000%, 07/01/25............................. 1,000 1,185,340
Los Angeles Department of Water & Power (RB) Series A
5.000%, 07/01/19............................. 300 311,604
Los Angeles Department of Water & Power Power System
Revenue (RB) Series B
5.000%, 07/01/26............................. 400 481,608
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
Los Angeles Unified School District (GO) Series A
5.000%, 07/01/24............................. $1,280 $1,487,104
5.000%, 07/01/26............................. 630 754,375
5.000%, 07/01/27............................. 480 583,421
Los Angeles Unified School District (GO) Series B-1
5.000%, 07/01/27............................. 175 212,706
Los County Angeles (RN)
5.000%, 06/29/18............................. 2,050 2,060,844
Los Rios Community College District (GO) Series F
2.000%, 08/01/20............................. 200 201,050
Merced Community College District (GO)
4.000%, 08/01/19............................. 200 205,800
Mesa Water District
(currency) 5.000%, 03/15/22 (Pre-refunded @ $100,
3/15/20)..................................... 500 528,895
Millbrae Public Financing Authority (RB)
5.000%, 12/01/25............................. 390 461,967
5.000%, 12/01/26............................. 265 318,138
5.000%, 12/01/27............................. 385 468,741
Morongo Unified School District (GO) Series A
5.000%, 08/01/25............................. 20 23,468
5.000%, 08/01/26............................. 280 332,553
5.000%, 08/01/27............................. 130 156,442
Mount Diablo Unified School District (GO) Series G
3.000%, 08/01/24............................. 130 135,805
New Haven Unified School District (GO)
5.000%, 08/01/26............................. 150 179,390
Northern California Transmission Agency (RB)
5.000%, 05/01/24............................. 280 321,112
Northern Humboldt Union High School District (GO)
4.000%, 08/01/25............................. 120 133,543
Novato Sanitary District (RB)
5.000%, 02/01/22............................. 340 377,159
Oak Park Unified School District (GO)
4.000%, 08/01/22............................. 200 215,866
Oakdale Joint Unified School District (GO)
4.000%, 08/01/23............................. 400 436,732
4.000%, 08/01/24............................. 175 192,644
Oakland Unified School District/ Alameda County (GO)
5.000%, 08/01/24............................. 750 869,550
Oakland Unified School District/ Alameda County (GO)
Series C
5.000%, 08/01/24............................. 510 591,294
125
DFA CALIFORNIA MUNICIPAL REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
Ontario Montclair School District (GO) Series B (AGM)
5.000%, 08/01/21............................. $ 160 $ 175,437
Otay Water District (RB)
5.000%, 09/01/22............................. 740 829,999
Pacific Grove Unified School District (GO)
3.000%, 08/01/26............................. 210 220,015
Pajaro Valley Unified School District (GO) Series D
4.000%, 08/01/19............................. 370 380,589
Placentia-Yorba Linda Unified School District (GO)
5.000%, 08/01/23............................. 205 233,948
Port of Los Angeles (RB) Series A
5.000%, 08/01/19............................. 1,000 1,040,910
Redondo Beach Unified School District (GO) Series A (AGM)
5.000%, 08/01/23............................. 255 290,871
Reed Union School District (GO)
4.000%, 08/01/26............................. 250 281,355
Regents of the University of California Medical Center
Pooled Revenue (RB) Series J
(currency) 5.000%, 05/15/25 (Pre-refunded @ $100,
5/15/23)..................................... 530 602,541
(currency) 5.250%, 05/15/27 (Pre-refunded @ $100,
5/15/23)..................................... 260 298,675
Riverside County (RN)
2.000%, 06/29/18............................. 225 225,144
Ross Valley Public Financing Authority (RB)
5.000%, 01/01/25............................. 410 479,675
Sacramento County Sanitation Districts Financing
Authority (RB) Series A (NATL)
5.250%, 12/01/20............................. 510 553,222
Sacramento Municipal Utility District (RB) Series D
5.000%, 08/15/22............................. 1,350 1,516,117
Sacramento Municipal Utility District (RB) Series E
5.000%, 08/15/23............................. 350 400,711
Sacramento Municipal Utility District (RB) Series U (AGM)
4.000%, 08/15/18............................. 175 176,225
San Diego Community College District (GO)
5.000%, 08/01/23............................. 500 572,205
5.000%, 08/01/26............................. 275 330,250
San Diego Public Facilities Financing Authority Sewer
Revenue (RB) Series A
(currency) 5.250%, 05/15/39 (Pre-refunded @ $100,
5/15/19)..................................... 475 492,342
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
San Diego Unified School District (GO) Series F-1 (AGM)
5.250%, 07/01/27............................. $ 475 $ 588,397
San Diego Unified School District (GO) Series R-5
5.000%, 07/01/26............................. 200 240,308
San Diego Unified School District (RAN) Series A
3.000%, 06/29/18............................. 1,700 1,703,689
San Francisco Bay Area Rapid Transit District (GO)
5.000%, 08/01/20............................. 1,030 1,103,418
San Francisco Community College District (GO)
5.000%, 06/15/24............................. 125 144,391
San Francisco County Transportation Authority (RB)
3.000%, 02/01/22............................. 1,300 1,348,594
San Gabriel Unified School District (GO) Series A
5.000%, 08/01/25............................. 230 271,230
San Lorenzo Unified School District (GO)
5.000%, 08/01/21............................. 140 153,507
Santa Clara Unified School District (GO)
5.000%, 07/01/19............................. 1,200 1,245,984
Santa County Clara (GO) Series C
5.000%, 08/01/26............................. 1,100 1,320,088
Santa Paula Union High School District (GO) Series A
5.000%, 08/01/19............................. 260 270,473
Santee School District (GO)
5.000%, 08/01/24............................. 290 336,043
Savanna School District (GO) Series A (AGC)
(currency) 4.750%, 08/01/30 (Pre-refunded @ $100,
8/1/19)...................................... 1,000 1,036,700
Scotts Valley Unified School District (GO) Series B
4.000%, 08/01/24............................. 150 165,399
4.000%, 08/01/25............................. 250 278,745
5.000%, 08/01/26............................. 250 299,605
Southwestern Community College District (GO) Series B
4.000%, 08/01/25............................. 250 278,745
Sylvan Union School District (GO) Series C
5.000%, 08/01/25............................. 380 448,119
Tahoe-Truckee Unified School District (GO)
5.000%, 08/01/26............................. 100 119,842
Tahoe-Truckee Unified School District (GO) Series C
2.000%, 08/01/20............................. 1,190 1,195,986
126
DFA CALIFORNIA MUNICIPAL REAL RETURN PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
University of California (RB) Series AF
(currency) 5.000%, 05/15/27 (Pre-refunded @
$100, 5/15/23)............................... $1,550 $ 1,758,180
Washington Union School District/ Monterey County (GO)
5.000%, 08/01/27............................. 135 163,824
West Valley-Mission Community College District (GO)
Series B
5.000%, 08/01/27............................. 220 267,991
-----------
TOTAL MUNICIPAL BONDS.................................... 78,389,492
-----------
TOTAL INVESTMENTS -- (100.0%)
(Cost $79,992,752)..................................... $78,389,492
===========
At April 30, 2018, DFA California Municipal Real Return Portfolio had entered
into the following outstanding Inflation Swaps:
PAYMENTS PAYMENTS UPFRONT UPFRONT UNREALIZED
MADE RECEIVED PAYMENT NOTIONAL EXPIRATION PREMIUMS PREMIUMS MARKET APPRECIATION
COUNTERPARTY BY FUND BY FUND FREQUENCY AMOUNT DATE PAID RECEIVED VALUE (DEPRECIATION)
---------------- ------------ -------- --------- -------------- ---------- -------- -------- -------- --------------
Bank of America
Corp........... 2.265% Fixed CPI Maturity USD 7,000,000 02/23/24 -- -- $ 30,001 $ 30,001
Bank of America
Corp........... 2.063% Fixed CPI Maturity USD 4,000,000 11/08/23 -- -- 74,052 74,052
Bank of America
Corp........... 2.060% Fixed CPI Maturity USD 11,000,000 11/06/21 -- -- 128,481 128,481
Bank of America
Corp........... 2.058% Fixed CPI Maturity USD 11,000,000 12/12/22 -- -- 138,837 138,837
Citibank, N.A... 2.225% Fixed CPI Maturity USD 6,000,000 03/26/23 -- -- 19,254 19,254
Citibank, N.A... 2.160% Fixed CPI Maturity USD 7,000,000 01/09/23 -- -- 56,545 56,545
Citibank, N.A... 2.143% Fixed CPI Maturity USD 8,000,000 01/18/22 -- -- 46,542 46,542
Citibank, N.A... 2.075% Fixed CPI Maturity USD 5,000,000 12/06/23 -- -- 75,816 75,816
Citibank, N.A... 2.065% Fixed CPI Maturity USD 4,000,000 11/09/21 -- -- 44,029 44,029
Citibank, N.A... 2.054% Fixed CPI Maturity USD 10,000,000 11/06/22 -- -- 155,086 155,086
Citibank, N.A... 2.043% Fixed CPI Maturity USD 6,000,000 11/07/22 -- -- 95,184 95,184
-- -- -------- --------
TOTAL........... -- -- $863,827 $863,827
== == ======== ========
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
---------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- ----------- ------- -----------
Municipal Bonds... -- $78,389,492 -- $78,389,492
Swap Agreements**. -- 863,827 -- 863,827
-- ----------- -- -----------
TOTAL............. -- $79,253,319 -- $79,253,319
== =========== == ===========
**Valued at the unrealized appreciation/(depreciation) on the investment.
See accompanying Notes to Financial Statements.
127
DFA MUNICIPAL BOND PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
------ ------
(000)
MUNICIPAL BONDS -- (100.0%)
ALABAMA -- (0.6%)
Alabama State (GO) Series A
5.000%, 08/01/20.............................. $ 200 $ 213,524
5.000%, 08/01/21.............................. 1,000 1,092,850
5.000%, 08/01/23.............................. 300 340,446
Baldwin County (GO)
4.000%, 05/01/20.............................. 610 634,742
----------
TOTAL ALABAMA...................................... 2,281,562
----------
ALASKA -- (0.4%)
Alaska State (GO) Series B
5.000%, 08/01/20.............................. 290 309,149
Borough of Fairbanks North Star (GO) Series S
4.000%, 10/01/21.............................. 560 594,675
City of Anchorage (GO) Series A
3.000%, 09/01/22.............................. 765 787,575
----------
TOTAL ALASKA....................................... 1,691,399
----------
ARIZONA -- (0.4%)
City of Chandler (GO)
3.000%, 07/01/20.............................. 550 562,876
City of Phoenix (GO)
4.000%, 07/01/21.............................. 500 529,710
Maricopa County School District No. 3 Tempe
Elementary (GO)
3.000%, 07/01/21.............................. 550 565,064
----------
TOTAL ARIZONA...................................... 1,657,650
----------
ARKANSAS -- (0.7%)
Arkansas State (GO)
5.000%, 04/01/21.............................. 400 433,560
5.000%, 06/15/21.............................. 1,250 1,361,638
5.000%, 04/01/22.............................. 1,110 1,229,003
----------
TOTAL ARKANSAS..................................... 3,024,201
----------
CALIFORNIA -- (1.8%)
California State (GO)
5.000%, 09/01/26.............................. 1,195 1,420,353
3.500%, 08/01/27.............................. 5,000 5,397,500
City of Los Angeles (RN)
5.000%, 06/28/18.............................. 400 402,124
----------
TOTAL CALIFORNIA................................... 7,219,977
----------
COLORADO -- (1.5%)
Boulder Valley School District No. Re-2 Boulder
(GO) Series B (ST AID WITHHLDG)
4.000%, 12/01/24.............................. 1,000 1,096,210
Denver City & County School District No. 1 (GO)
Series B (ST AID WITHHLDG)
5.000%, 12/01/24.............................. 550 636,196
FACE
AMOUNT VALUE+
------ ------
(000)
COLORADO -- (Continued)
Pueblo City Schools (GO) (ST AID WITHHLDG)
5.000%, 12/15/20.............................. $ 550 $ 592,328
Weld County School District No. RE-4 (GO) (ST
INTERCEPT)
4.000%, 12/01/22.............................. 1,140 1,223,266
5.000%, 12/01/24.............................. 2,280 2,614,909
----------
TOTAL COLORADO..................................... 6,162,909
----------
CONNECTICUT -- (0.3%)
Connecticut State (GO) Series E
4.000%, 09/15/20.............................. 550 570,399
Hartford County Metropolitan District (GO)
5.000%, 03/01/19.............................. 600 614,388
----------
TOTAL CONNECTICUT.................................. 1,184,787
----------
DELAWARE -- (0.6%)
Kent County (GO)
4.000%, 09/01/24.............................. 415 453,516
New Castle County (GO)
5.000%, 10/01/23.............................. 1,600 1,823,072
----------
TOTAL DELAWARE..................................... 2,276,588
----------
DISTRICT OF COLUMBIA -- (0.8%)
District of Columbia (GO) Series B (AGM)
5.250%, 06/01/18.............................. 1,300 1,303,679
Washington Metropolitan Area Transit Authority
(RB) Series B
5.000%, 07/01/25.............................. 720 836,345
5.000%, 07/01/27.............................. 1,000 1,189,150
----------
TOTAL DISTRICT OF COLUMBIA......................... 3,329,174
----------
FLORIDA -- (2.0%)
City of Port State Lucie (GO)
5.000%, 07/01/20.............................. 420 445,624
Flagler County (GO) (BAM)
5.000%, 07/01/22.............................. 465 514,760
Florida State Board of Education (GO) Series A
5.000%, 06/01/18.............................. 725 726,914
5.000%, 06/01/19.............................. 100 103,473
5.000%, 06/01/24.............................. 350 401,621
Florida's Turnpike Enterprise (RB) Series B
5.000%, 07/01/19.............................. 1,135 1,176,484
Miami-Dade County (GO) Series D
5.000%, 07/01/20.............................. 2,000 2,127,260
128
DFA MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
FLORIDA -- (Continued)
Orange County Water Utility System Revenue (RB)
5.000%, 10/01/21.............................. $ 525 $ 575,442
Orlando Utilities Commission (RB) Series C
5.250%, 10/01/22.............................. 1,000 1,127,160
Palm Beach County (RB)
5.000%, 11/01/23.............................. 810 920,533
-----------
TOTAL FLORIDA...................................... 8,119,271
-----------
GEORGIA -- (3.5%)
Cobb County School District
2.000%, 12/20/18.............................. 1,000 1,002,450
Columbia County School District (GO) (ST AID
WITHHLDG)
5.000%, 04/01/20.............................. 1,305 1,381,421
Georgia State
5.000%, 12/01/21.............................. 3,000 3,305,070
Georgia State (GO) Series C
5.000%, 07/01/19.............................. 2,000 2,074,280
Georgia State (GO) Series E
5.000%, 12/01/26.............................. 2,000 2,394,180
Georgia State Road & Tollway Authority (RB) (GTD)
5.000%, 10/01/23.............................. 3,455 3,940,462
-----------
TOTAL GEORGIA...................................... 14,097,863
-----------
HAWAII -- (1.8%)
City & County of Honolulu (GO) Series B
5.000%, 10/01/23.............................. 150 170,175
5.000%, 10/01/25.............................. 725 848,018
Hawaii County (GO) Series B
5.000%, 09/01/18.............................. 420 424,523
Hawaii County (GO) Series D
5.000%, 09/01/20.............................. 1,375 1,470,054
Hawaii State (GO) Series DQ
5.000%, 06/01/19.............................. 300 310,224
Hawaii State (GO) Series EE
5.000%, 11/01/20.............................. 1,300 1,395,862
Hawaii State (GO) Series FE
5.000%, 10/01/24.............................. 1,005 1,160,102
Maui County (GO)
5.000%, 06/01/18.............................. 1,560 1,564,103
-----------
TOTAL HAWAII....................................... 7,343,061
-----------
IDAHO -- (0.2%)
Idaho State (TAN)
4.000%, 06/29/18.............................. 1,000 1,003,740
-----------
INDIANA -- (0.7%)
Indiana University (RB) Series A
5.000%, 06/01/21.............................. 2,755 2,999,837
-----------
FACE
AMOUNT VALUE+
------ ------
(000)
IOWA -- (0.8%)
City of Davenport (GO) Series C
4.000%, 06/01/24............................. $1,410 $1,530,259
Iowa Finance Authority (RB)
(currency) 5.000%, 08/01/20 (Pre-refunded
@ $100, 8/1/19).............................. 500 519,440
State of Iowa (RB) Series A (ETM)
5.000%, 06/01/18............................. 1,115 1,117,943
----------
TOTAL IOWA............................................... 3,167,642
----------
KANSAS -- (1.4%)
City of Merriam (GO)
5.000%, 10/01/25............................. 800 938,112
City of Topeka Series A
3.000%, 10/01/18............................. 235 236,300
City of Wichita (GO) Series 811
5.000%, 06/01/22............................. 550 609,780
Johnson County (GO) Series B
5.000%, 09/01/22............................. 650 725,335
Johnson County Unified School District No. 229 Blue
Valley (GO) Series A
5.000%, 10/01/26............................. 225 266,688
Johnson County Unified School District No. 229 Blue
Valley (GO) Series B
5.000%, 10/01/23............................. 750 854,152
Saline County Unified School District No. 305 Salina (GO)
5.000%, 09/01/20............................. 1,900 2,032,259
----------
TOTAL KANSAS............................................. 5,662,626
----------
KENTUCKY -- (2.4%)
Kentucky State Economic Development Finance Authority
(RB) Series A
(currency) 5.000%, 05/01/24 (Pre-refunded
@ $100, 5/1/19).............................. 2,300 2,370,104
Louisville & Jefferson County (GO) Series B
5.000%, 11/01/21............................. 1,700 1,862,996
Louisville & Jefferson County (RB)
5.000%, 12/01/35 (Pre-refunded
@ $100, 6/1/22).............................. 2,200 2,440,922
Louisville & Jefferson County Metropolitan Sewer
District (RB) Series C
5.000%, 05/15/23............................. 1,850 2,081,546
Louisville Water Co. (RB) Series A
4.000%, 11/15/21............................. 800 850,976
----------
TOTAL KENTUCKY........................................... 9,606,544
----------
129
DFA MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
LOUISIANA -- (0.1%)
Louisiana State (GO) Series C
5.000%, 08/01/23............................. $ 500 $ 563,190
-----------
MAINE -- (0.3%)
Maine State (GO) Series B
5.000%, 06/01/23............................. 1,000 1,130,800
-----------
MARYLAND -- (6.3%)
Anne Arundel County (GO)
5.000%, 10/01/20............................. 500 535,660
Baltimore County (BAN)
4.000%, 03/18/19............................. 3,500 3,569,090
Baltimore County (GO)
5.000%, 08/01/20............................. 750 800,550
5.000%, 08/01/22............................. 600 668,520
5.000%, 03/01/28............................. 1,335 1,616,471
Carroll County (GO)
5.000%, 11/01/21............................. 550 603,708
City of Baltimore (GO) Series B
5.000%, 10/15/27............................. 1,025 1,229,026
Harford County (GO) Series A
5.000%, 09/15/20............................. 570 610,328
Howard County (GO) Series D
5.000%, 02/15/24............................. 1,300 1,486,069
Maryland State (GO)
5.000%, 06/01/22............................. 1,175 1,305,131
5.000%, 06/01/23............................. 3,000 3,393,930
Maryland State (GO) Series B
5.000%, 08/01/20............................. 1,000 1,066,940
4.000%, 08/01/23............................. 850 922,335
Maryland State (GO) Series C
5.000%, 11/01/19............................. 915 957,785
5.000%, 08/01/20............................. 700 746,858
Maryland State (GO) Series C-2
5.000%, 08/01/22............................. 1,000 1,114,200
Montgomery County (GO) Series B
5.000%, 12/01/21............................. 350 384,829
Montgomery County (GO) Series D
3.000%, 11/01/23............................. 3,000 3,109,440
Washington Suburban Sanitary Commission (GO)
5.000%, 06/01/24............................. 655 752,405
Worcester County (GO) Series B
4.000%, 08/01/21............................. 1,000 1,058,670
-----------
TOTAL MARYLAND................................... 25,931,945
-----------
MASSACHUSETTS -- (3.2%)
City of Lowell (GO) (ST AID WITHHLDG)
4.000%, 09/01/23............................. 250 268,858
City of Quincy (BAN)
2.500%, 01/18/19............................. 1,000 1,005,070
FACE
AMOUNT VALUE+
------ ------
(000)
MASSACHUSETTS -- (Continued)
City of Somerville (BAN)
2.000%, 06/08/18............................. $1,250 $ 1,250,538
City of Springfield (GO) Series C (ST AID WITHHLDG)
4.000%, 08/01/23............................. 285 308,079
Commonwealth of Massachusetts (GO) Series A
5.000%, 07/01/26............................. 1,250 1,474,388
Commonwealth of Massachusetts (GO) Series B (AGM)
5.250%, 09/01/24............................. 400 465,548
Commonwealth of Massachusetts (GO) Series C
5.000%, 08/01/20............................. 100 106,648
5.000%, 10/01/21............................. 1,750 1,916,320
Massachusetts Dev. Finance Agency (RB)
(currency) 6.750%, 01/01/36 (Pre-refunded
@ $100, 1/1/21).............................. 2,865 3,194,847
Massachusetts Health & Educational Facilities Authority
(RB) Series E-2
(currency) 5.375%, 07/01/22 (Pre-refunded
@ $100, 7/1/18).............................. 845 849,994
Tantasqua Regional School District (GO)
5.000%, 10/01/19............................. 1,360 1,418,330
Town of Holbrook (GO)
5.000%, 12/01/21............................. 755 829,035
-----------
TOTAL MASSACHUSETTS...................................... 13,087,655
-----------
MICHIGAN -- (1.9%)
Michigan Finance Authority (RB) Series A
5.000%, 01/01/19............................. 1,500 1,532,505
Michigan State Trunk Line Revenue (RB)
5.000%, 11/15/18............................. 2,515 2,558,409
Michigan State Trunk Line Revenue (RB) (AGM)
5.500%, 11/01/21............................. 3,275 3,648,579
-----------
TOTAL MICHIGAN........................................... 7,739,493
-----------
MINNESOTA -- (3.4%)
Bloomington Independent School District No. 271 (GO)
Series A (SD CRED PROG)
5.000%, 02/01/21............................. 1,100 1,187,450
City of Rochester (GO) Series A
5.000%, 02/01/20............................. 150 158,082
City of State Paul (GO) Series B
5.000%, 11/01/20............................. 100 107,424
130
DFA MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
MINNESOTA -- (Continued)
Elk River Independent School District No. 728 (GO)
Series A (SD CRED PROG)
5.000%, 02/01/21............................. $ 520 $ 560,612
Elk River Independent School District No. 728 (GO)
Series C (SD CRED PROG)
5.000%, 02/01/21............................. 3,000 3,234,300
Hennepin County (GO) Series B
5.000%, 12/01/21............................. 350 385,466
Housing & Redevelopment Authority of The City of State
Paul Minnesota (RB)
(currency) 5.250%, 11/15/29 (Pre-refunded
@ $100, 11/15/19)............................ 2,000 2,099,080
Minnesota State (GO) Series B
5.000%, 10/01/19............................. 600 626,502
Minnesota State (GO) Series E
5.000%, 08/01/22............................. 760 846,465
4.000%, 10/01/22............................. 3,000 3,225,900
State Paul Independent School District No. 625 (GO)
Series B (SD CRED PROG)
5.000%, 02/01/21............................. 1,425 1,537,888
-----------
TOTAL MINNESOTA.......................................... 13,969,169
-----------
MISSISSIPPI -- (0.3%)
Mississippi State (GO) Series C
5.000%, 10/01/18............................. 825 835,956
5.000%, 10/01/20............................. 500 535,415
-----------
TOTAL MISSISSIPPI........................................ 1,371,371
-----------
MISSOURI -- (0.8%)
Cass County Reorganized School District No. R-2 (GO) (ST
AID DIR DEP)
5.000%, 03/01/21............................. 1,110 1,200,532
Columbia School District (GO) Series B
5.000%, 03/01/25............................. 1,725 2,013,040
-----------
TOTAL MISSOURI........................................... 3,213,572
-----------
MONTANA -- (0.1%)
City & County of Butte-Silver Bow (GO)
4.000%, 07/01/21............................. 500 528,135
-----------
NEBRASKA -- (1.5%)
Lancaster County School District 001 (GO)
5.000%, 01/15/21............................. 700 753,809
FACE
AMOUNT VALUE+
------ ------
(000)
NEBRASKA -- (Continued)
Metropolitan Utilities District of Omaha (RB)
5.000%, 12/01/20............................. $ 300 $ 322,599
Omaha School District (GO)
5.000%, 12/15/25............................. 4,000 4,692,800
Southern Public Power District (RB)
5.000%, 12/15/21............................. 400 438,896
----------
TOTAL NEBRASKA........................................... 6,208,104
----------
NEVADA -- (2.1%)
Clark County School District (GO) Series A
5.000%, 06/15/21............................. 1,250 1,349,437
Clark County Water Reclamation District (GO) Series A
(currency) 5.250%, 07/01/34 (Pre-refunded @
$100, 7/1/19)................................ 2,320 2,409,807
Nevada State (GO) Series C
5.000%, 11/01/24............................. 450 517,082
Nevada State (GO) Series D-1
5.000%, 03/01/22............................. 250 275,768
Washoe County School District (GO) Series A
3.000%, 06/01/19............................. 550 556,198
Washoe County School District (GO) Series D
5.000%, 06/01/21............................. 3,335 3,612,639
----------
TOTAL NEVADA............................................. 8,720,931
----------
NEW HAMPSHIRE -- (1.0%)
City of Dover (GO)
3.000%, 06/15/20............................. 610 623,609
City of Nashua (GO)
4.000%, 07/15/24............................. 770 839,662
City of Portsmouth (BAN)
3.000%, 06/22/18............................. 2,200 2,204,290
New Hampshire State (GO) Series B
5.000%, 06/01/19............................. 250 258,627
----------
TOTAL NEW HAMPSHIRE...................................... 3,926,188
----------
NEW JERSEY -- (2.0%)
City of Hoboken (GO)
3.000%, 02/01/23............................. 2,000 2,049,880
3.000%, 02/01/25............................. 910 928,974
Middlesex County (GO)
4.000%, 01/15/21............................. 1,210 1,273,985
Montville Township (GO)
3.000%, 10/01/25............................. 500 517,160
Princeton (GO)
3.000%, 09/15/24............................. 1,515 1,569,282
131
DFA MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
NEW JERSEY -- (Continued)
Township of Parsippany-Troy Hills (GO) Series ABCD
2.000%, 09/15/21............................. $2,000 $1,987,060
----------
TOTAL NEW JERSEY......................................... 8,326,341
----------
NEW MEXICO -- (1.6%)
New Mexico State (GO)
5.000%, 03/01/21............................. 1,000 1,080,120
New Mexico State Severance Tax Permanent Fund (RB)
Series A
5.000%, 07/01/27............................. 4,000 4,760,200
Santa Fe County (GO)
5.000%, 07/01/22............................. 710 789,264
----------
TOTAL NEW MEXICO......................................... 6,629,584
----------
NEW YORK -- (5.4%)
City of New York (GO) Series A
5.000%, 08/01/24............................. 100 114,497
City of New York (GO) Series B
5.000%, 08/01/19............................. 100 103,939
City of New York (GO) Series E
5.000%, 08/01/19............................. 250 259,847
5.000%, 08/01/19............................. 1,675 1,740,978
5.000%, 08/01/21............................. 265 288,906
City of New York (GO) Series F
5.000%, 08/01/21............................. 450 490,594
City of New York (GO) Series F-1
5.000%, 06/01/21............................. 825 896,255
Corning City School District (BAN) (ST AID WITHHLDG)
2.000%, 06/21/18............................. 675 675,209
Corning City School District (GO) (ST AID WITHHLDG)
5.000%, 06/15/19............................. 250 258,823
Long Island Power Authority (RB) Series A BHAC-CR
(BHAC-CR)
(currency) 6.000%, 05/01/33 (Pre-refunded
@ $100, 5/1/19).............................. 600 625,158
Metropolitan Transportation Authority (RB)
5.000%, 11/15/25............................. 1,275 1,474,678
Middle Country Central School District (GO) (ST AID
WITHHLDG)
2.000%, 08/15/21............................. 400 399,868
Middletown City School District (GO) (ST AID WITHHLDG)
2.000%, 06/15/20............................. 760 761,566
New York State Dormitory Authority (RB)
(currency) 6.250%, 12/01/37 (Pre-refunded
@ $100, 12/1/18)............................. 250 256,420
FACE
AMOUNT VALUE+
------ ------
(000)
NEW YORK -- (Continued)
New York State Dormitory Authority (RB) Series A
5.000%, 03/15/19............................. $ 350 $ 359,733
5.000%, 03/15/21............................. 1,000 1,083,230
5.000%, 03/15/23............................. 600 676,272
5.000%, 02/15/25............................. 500 577,220
New York State Dormitory Authority (RB) Series B
5.000%, 02/15/22............................. 800 882,144
5.000%, 02/15/24............................. 300 341,547
New York State Dormitory Authority (RB) Series C
5.000%, 03/15/19............................. 250 256,953
New York State Urban Development Corp. (RB) Series A
5.000%, 03/15/20............................. 810 855,733
5.000%, 03/15/25............................. 500 578,095
North Shore Central School District (GO) (ST AID WITHHLDG)
2.000%, 12/15/23............................. 315 311,850
Riverhead Central School District (GO) (ST AID WITHHLDG)
2.000%, 10/15/22............................. 540 538,169
Triborough Bridge & Tunnel Authority (RB)
4.000%, 11/15/27............................. 1,500 1,677,690
Triborough Bridge & Tunnel Authority (RB) Series B
5.000%, 11/15/18............................. 325 330,769
5.000%, 11/15/20............................. 4,700 5,053,017
-----------
TOTAL NEW YORK........................................... 21,869,160
-----------
NORTH CAROLINA -- (2.8%)
City of Charlotte Water & Sewer System Revenue (RB)
5.000%, 07/01/19............................. 3,000 3,108,960
New Hanover County (GO)
5.000%, 02/01/23............................. 1,550 1,746,060
North Carolina Eastern Municipal Power Agency (RB)
Series B (NATL-IBC) (ETM)
6.000%, 01/01/22............................. 1,725 1,947,318
North Carolina Medical Care Commission (RB) Series D
(currency) 6.250%, 12/01/33 (Pre-refunded @
$100, 12/1/18)............................... 1,000 1,025,330
North Carolina State (GO) Series B
5.000%, 06/01/25............................. 1,405 1,645,536
North Carolina State (GO) Series D
4.000%, 06/01/23............................. 350 380,121
Wake County (GO)
5.000%, 03/01/19............................. 160 164,318
5.000%, 09/01/21............................. 1,300 1,424,579
-----------
TOTAL NORTH CAROLINA..................................... 11,442,222
-----------
132
DFA MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
NORTH DAKOTA -- (0.5%)
City of West Fargo (GO) Series A
5.000%, 05/01/24............................. $1,150 $ 1,308,504
North Dakota State University of Agriculture &
Applied Science (RB) Series A
5.000%, 04/01/21............................. 500 538,855
-----------
TOTAL NORTH DAKOTA............................... 1,847,359
-----------
OHIO -- (2.5%)
City of Columbus (GO) Series A
3.000%, 07/01/22............................. 835 860,417
City of Columbus (GO) Series B
5.000%, 02/15/23............................. 475 533,710
Hamilton County Sewer System Revenue (RB) Series
A
5.000%, 12/01/21............................. 500 549,030
Ohio State (GO) Series A
5.000%, 09/15/21............................. 800 874,520
5.000%, 08/01/22............................. 1,000 1,112,050
5.000%, 09/15/22............................. 750 836,018
5.000%, 02/01/24............................. 2,820 3,212,939
Ohio State (GO) Series B
5.000%, 06/15/22............................. 450 499,352
Ohio State Water Development Authority (RB)
Series A
5.000%, 06/01/21............................. 1,550 1,688,709
-----------
TOTAL OHIO....................................... 10,166,745
-----------
OKLAHOMA -- (0.6%)
City of Oklahoma City (GO)
4.000%, 03/01/25............................. 1,255 1,375,806
Tulsa County Independent School District No. 1
Tulsa (GO) Series C
2.000%, 07/01/19............................. 1,000 1,001,940
-----------
TOTAL OKLAHOMA................................... 2,377,746
-----------
OREGON -- (1.0%)
City of McMinnville (GO)
5.000%, 02/01/22............................. 290 319,044
City of Portland Water System Revenue (RB)
Series A
5.000%, 04/01/21............................. 1,250 1,356,350
Lane County School District No. 4J Eugene (GO)
(SCH BD GTY)
3.000%, 06/15/25............................. 940 963,049
Oregon State (GO) Series E
5.000%, 08/01/21............................. 410 447,933
Oregon State (GO) Series F
3.000%, 05/01/20............................. 750 766,387
Oregon State (GO) Series L
5.000%, 11/01/19............................. 200 209,352
-----------
TOTAL OREGON..................................... 4,062,115
-----------
FACE
AMOUNT VALUE+
------ ------
(000)
PENNSYLVANIA -- (0.4%)
Berks County (GO)
5.000%, 11/15/22............................. $ 445 $ 498,097
City of Philadelphia (GO) Series A (AGM)
(currency) 5.250%, 12/15/32 (Pre-refunded
@ $100, 12/15/18)............................ 500 510,600
Commonwealth of Pennsylvania (GO) Series 1
5.000%, 07/01/21............................. 550 594,875
----------
TOTAL PENNSYLVANIA....................................... 1,603,572
----------
RHODE ISLAND -- (0.7%)
Rhode Island State (GO) Series A
5.000%, 08/01/19............................. 1,800 1,870,902
5.000%, 08/01/21............................. 1,000 1,089,220
----------
TOTAL RHODE ISLAND....................................... 2,960,122
----------
SOUTH CAROLINA -- (1.3%)
Aiken County Consolidated School District (GO) Series A
(SCSDE)
5.000%, 03/01/20............................. 770 813,012
Anderson County School District No. 4 (GO) Series A
(SCSDE)
5.000%, 03/01/21............................. 500 541,065
City of North Charleston (GO) (ST AID WITHHLDG)
5.000%, 06/01/21............................. 500 544,120
Clemson University (RB) Series B
5.000%, 05/01/25............................. 750 872,295
Lexington & Richland School District No. 5 (GO) (SCSDE)
5.000%, 03/01/19............................. 1,440 1,478,751
Richland County School District No. 2 (GO) (SCSDE)
5.000%, 03/01/20............................. 500 527,930
Richland County School District No. 2 (GO) Series A
(SCSDE)
5.000%, 02/01/20............................. 600 632,118
----------
TOTAL SOUTH CAROLINA..................................... 5,409,291
----------
TENNESSEE -- (3.8%)
Blount County (GO) Series B
5.000%, 06/01/22............................. 2,635 2,915,970
City of Clarksville Water Sewer & Gas Revenue (RB)
5.000%, 02/01/20............................. 565 595,041
City of Knoxville Wastewater System Revenue (RB) Series A
5.000%, 04/01/19............................. 1,825 1,878,856
City of Knoxville Wastewater System Revenue (RB) Series B
4.000%, 04/01/22............................. 310 331,533
133
DFA MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
TENNESSEE -- (Continued)
City of Memphis (GO) Series A
5.000%, 04/01/25............................. $1,250 $ 1,449,850
Hamilton County (GO) Series B
5.000%, 03/01/22............................. 1,735 1,921,235
Metropolitan Government of Nashville & Davidson County (GO)
5.000%, 07/01/22............................. 650 722,293
Metropolitan Government of Nashville & Davidson County (GO)
Series A
(currency) 5.000%, 07/01/25 (Pre-refunded
@ $100, 7/1/20).............................. 3,000 3,187,620
Sullivan County (GO) Series A
5.000%, 04/01/21............................. 450 486,959
Sumner County (GO)
5.000%, 12/01/21............................. 230 252,970
5.000%, 12/01/22............................. 640 716,774
Town of Collierville (GO) Series A
5.000%, 01/01/21............................. 1,095 1,180,957
-----------
TOTAL TENNESSEE.......................................... 15,640,058
-----------
TEXAS -- (18.2%)
Austin Independent School District (GO) Series B
5.000%, 08/01/20............................. 2,410 2,571,325
Bexar County (GO)
5.000%, 06/15/20............................. 500 531,180
5.000%, 06/15/21............................. 1,275 1,385,249
City of Dallas (GO) Series A
5.000%, 02/15/21............................. 500 536,915
City of Fort Worth Water & Sewer System (RB)
5.000%, 02/15/19............................. 180 184,601
City of Fort Worth Water & Sewer System Revenue (RB)
5.000%, 02/15/21............................. 1,745 1,883,658
City of Fort Worth Water & Sewer System Revenue (RB)
Series A
5.000%, 02/15/25............................. 1,930 2,229,382
City of Garland (GO) Series A
5.000%, 02/15/24............................. 200 227,350
City of Houston (GO) (TRANS)
4.000%, 06/29/18............................. 3,000 3,011,550
City of Houston Combined Utility System Revenue (RB)
(ASSURED GTY)
(currency) 5.375%, 11/15/38 (Pre-refunded
@ $100, 5/15/19)............................. 5,000 5,177,400
City of Irving (GO) Series A
5.000%, 09/15/18............................. 710 718,364
City of San Antonio Electric & Gas Systems Revenue (RB)
5.000%, 02/01/21............................. 700 754,285
5.000%, 02/01/22............................. 2,025 2,228,573
FACE
AMOUNT VALUE+
------ ------
(000)
TEXAS -- (Continued)
Cypress-Fairbanks Independent School District
(GO) (PSF-GTD)
5.000%, 02/15/21............................. $ 790 $ 852,102
Dallas Independent School District (GO) Series A
(PSF-GTD)
5.000%, 08/15/24............................. 3,250 3,725,897
El Paso Independent School District (GO)
(PSF-GTD)
5.000%, 08/15/24............................. 500 572,905
Fort Bend Independent School District (GO)
Series C (PSF-GTD)
5.000%, 02/15/24............................. 1,275 1,450,096
Fort Worth Independent School District (GO)
(PSF-GTD)
5.000%, 02/15/26............................. 445 523,253
Grapevine-Colleyville Independent School
District (GO) (PSF-GTD)
2.000%, 08/15/19............................. 1,500 1,503,405
Harris County (GO) Series A
5.000%, 10/01/19............................. 1,000 1,044,030
Highland Park Independent School District (GO)
5.000%, 02/15/23............................. 2,000 2,245,280
Highland Park Independent School District (GO)
(PSF-GTD)
5.000%, 02/15/20............................. 1,500 1,579,875
Houston Independent School District (GO) Series
A (PSF-GTD)
5.000%, 02/15/26............................. 750 877,837
Humble Independent School District (GO) Series B
(PSF-GTD)
5.000%, 02/15/20............................. 1,000 1,053,250
Katy Independent School District (GO) Series A
(PSF-GTD)
5.000%, 02/15/20............................. 750 789,937
5.000%, 02/15/21............................. 400 431,784
McAllen Independent School District (GO) Series
A (PSF-GTD)
5.000%, 02/15/22............................. 2,725 3,002,732
Northwest Independent School District (GO)
Series A (PSF-GTD)
5.000%, 02/15/24............................. 1,000 1,137,330
Permanent University Fund - University of Texas
System (RB) Series B
5.000%, 07/01/20............................. 2,875 3,062,996
San Antonio Independent School District (GO)
(PSF-GTD)
5.000%, 02/15/20............................. 400 421,300
134
DFA MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
TEXAS -- (Continued)
Texas State (GO)
5.000%, 04/01/19............................. $ 250 $ 257,308
5.000%, 10/01/22............................. 1,140 1,272,525
5.000%, 10/01/23............................. 375 425,846
5.000%, 04/01/25............................. 2,185 2,535,824
Texas State (GO) Series A
5.000%, 10/01/21............................. 1,300 1,423,552
5.000%, 10/01/25............................. 845 988,380
Texas State (RN)
4.000%, 08/30/18............................. 8,500 8,564,770
Texas Transportation Commission State Highway
Fund (RB) Series A
5.000%, 10/01/19............................. 1,000 1,044,890
University of Texas System (The) (RB) Series A
5.250%, 08/15/18............................. 800 808,016
University of Texas System (The) (RB) Series D
5.000%, 08/15/21............................. 615 672,146
University of Texas System (The) (RB) Series J
5.000%, 08/15/25............................. 3,000 3,514,080
Williamson County (GO)
5.000%, 02/15/21............................. 5,640 6,084,996
Wylie Independent School District (GO) Series C
(PSF-GTD)
6.750%, 08/15/18............................. 1,000 1,014,190
-----------
TOTAL TEXAS...................................... 74,320,364
-----------
UTAH -- (1.7%)
Alpine School District (GO) (SCH BD GTY)
5.000%, 03/15/21............................. 550 596,101
Central Utah Water Conservancy District (RB)
Series A
5.000%, 10/01/20............................. 450 482,094
Davis School District (GO) Series S (SCH BD GTY)
5.000%, 06/01/23............................. 2,445 2,767,300
Snyderville Basin Special Recreation District
(GO) Series B
4.000%, 12/15/20............................. 540 567,702
Utah State (GO)
5.000%, 07/01/22............................. 800 891,680
Utah State (GO) Series C
5.000%, 07/01/18............................. 1,650 1,658,827
-----------
TOTAL UTAH....................................... 6,963,704
-----------
VERMONT -- (0.3%)
Vermont State (GO) Series B
5.000%, 08/15/23............................. 1,000 1,137,900
-----------
FACE
AMOUNT VALUE+
------ ------
(000)
VIRGINIA -- (2.2%)
City of Hampton (GO) Series B (ST AID WITHHLDG)
5.000%, 09/01/21............................. $ 840 $ 919,926
5.000%, 09/01/22............................. 475 530,889
City of Richmond (GO) Series A (ST AID WITHHLDG)
5.000%, 03/01/20............................. 1,635 1,726,331
Commonwealth of Virginia (GO) Series D
5.000%, 06/01/19............................. 2,260 2,337,993
Loudoun County (GO) Series B (ST AID WITHHLDG)
5.000%, 12/01/20............................. 550 592,009
Pittsylvania County (GO) (ST AID WITHHLDG)
5.000%, 02/01/21............................. 1,830 1,968,860
Virginia Resources Authority (RB)
(currency) 5.000%, 10/01/22 (Pre-refunded @ $100,
10/1/18)..................................... 1,000 1,013,910
----------
TOTAL VIRGINIA........................................... 9,089,918
----------
WASHINGTON -- (8.7%)
City of Marysville Water & Sewer Revenue (RB)
5.000%, 04/01/20............................. 755 799,213
City of Seattle Drainage & Wastewater Revenue (RB)
5.000%, 09/01/20............................. 1,500 1,604,415
5.000%, 04/01/21............................. 445 482,202
City of Seattle Municipal Light & Power Revenue (RB)
5.000%, 09/01/20............................. 650 694,935
County of Kitsap WA (GO)
5.000%, 06/01/21............................. 1,455 1,580,668
King County (GO) Series A
5.000%, 07/01/20............................. 265 282,445
King County (GO) Series E
5.000%, 12/01/25............................. 1,275 1,497,691
King County School District No. 405 Bellevue (GO) Series
A (SCH BD GTY)
5.000%, 12/01/18............................. 500 509,395
5.000%, 12/01/20............................. 1,350 1,452,046
King County School District No. 411 Issaquah (GO) (SCH
BD GTY)
5.000%, 12/01/23............................. 1,440 1,642,507
King County School District No. 414 Lake Washington (GO)
(SCH BD GTY)
5.000%, 12/01/22............................. 2,000 2,241,780
King County Sewer Revenue (RB)
5.000%, 01/01/21............................. 585 629,975
135
DFA MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
WASHINGTON -- (8.7%)
King County Sewer Revenue (RB) Series B
5.000%, 07/01/22............................. $1,165 $ 1,295,061
5.000%, 07/01/25............................. 1,305 1,520,521
Pierce County School District No.10 Tacoma (GO) (SCH BD
GTY)
5.000%, 12/01/18............................. 500 509,370
Snohomish County Public Utility District No. 1 (RB)
5.000%, 12/01/18............................. 895 912,032
Snohomish County School District No. 6 Mukilteo (GO)
(SCH BD GTY)
5.000%, 12/01/25............................. 2,000 2,341,780
Spokane County (GO)
5.000%, 12/01/20............................. 450 484,016
Tacoma Metropolitan Park District (GO) Series B
5.000%, 12/01/21............................. 350 384,192
Washington Health Care Facilities Authority (RB)
(currency) 7.375%, 03/01/38 (Pre-refunded
@ $100, 3/1/19).............................. 3,000 3,134,100
(currency) 5.625%, 10/01/38 (Pre-refunded @
$100, 10/1/19)............................... 1,000 1,052,420
Washington State (GO) Series 2013A
5.000%, 08/01/21............................. 200 218,372
Washington State (GO) Series 2017-A
5.000%, 08/01/26............................. 1,675 1,981,156
Washington State (GO) Series 2018C
5.000%, 08/01/25............................. 2,500 2,917,250
Washington State (GO) Series A-1
5.000%, 08/01/21............................. 800 873,488
Washington State (GO) Series B
4.000%, 07/01/18............................. 1,000 1,003,750
5.000%, 07/01/20............................. 325 346,037
5.000%, 07/01/25............................. 475 553,446
Washington State (GO) Series R-2012C
4.000%, 07/01/21............................. 100 105,942
Washington State (GO) Series R-2013A
5.000%, 07/01/21............................. 1,520 1,656,648
Washington State (GO) Series R-2015E
5.000%, 07/01/18............................. 1,005 1,010,407
-----------
TOTAL WASHINGTON......................................... 35,717,260
-----------
FACE
AMOUNT VALUE+
------ ------
(000)
WEST VIRGINIA -- (0.7%)
Jefferson County Board of Education (GO) (WV BD COMM)
4.000%, 05/01/20............................. $ 250 $ 259,843
West Virginia State (GO)
4.000%, 11/01/20............................. 1,975 2,071,735
West Virginia State (GO) Series A
5.000%, 06/01/19............................. 550 568,804
------------
TOTAL WEST VIRGINIA...................................... 2,900,382
------------
WISCONSIN -- (4.7%)
City of Janesville (GO)
3.000%, 03/01/24............................. 2,000 2,051,720
City of Madison Water Utility Revenue (RB)
5.000%, 01/01/21............................. 1,000 1,076,610
City of Milwaukee (GO) Series N3
5.000%, 05/15/20............................. 1,000 1,059,140
Germantown School District (GO) Series A
5.000%, 04/01/27............................. 1,000 1,195,990
Milwaukee County (GO) Series E
2.000%, 12/01/20............................. 1,060 1,060,254
Milwaukee County Metropolitan Sewer District (GO) Series
A
5.000%, 10/01/25............................. 2,635 3,097,706
Oak Creek Franklin Joint School District (GO) Series B
3.000%, 04/01/20............................. 630 642,241
Wisconsin Health & Educational Facilities Authority (RB)
Series A
(currency) 5.250%, 12/01/35.............................
(Pre-refunded @ $100, 12/3/18)............... 2,500 2,550,175
Wisconsin State (GO) Series 1
5.000%, 05/01/19............................. 500 515,895
Wisconsin State (GO) Series 1 (AMBAC)
5.000%, 05/01/19............................. 1,310 1,351,645
Wisconsin State (GO) Series 2
5.000%, 11/01/20............................. 600 644,394
5.000%, 11/01/22............................. 1,400 1,568,252
Wisconsin State (GO) Series 3
5.000%, 11/01/22............................. 1,875 2,100,338
Wisconsin State (GO) Series B
5.000%, 05/01/21............................. 400 434,496
------------
TOTAL WISCONSIN.......................................... 19,348,856
------------
TOTAL MUNICIPAL BONDS.................................... 409,032,083
------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $415,264,761).................................... $409,032,083
============
136
DFA MUNICIPAL BOND PORTFOLIO
CONTINUED
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
-----------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- ------------ ------- ------------
Municipal Bonds. -- $409,032,083 -- $409,032,083
-- ------------
TOTAL........... -- $409,032,083 -- $409,032,083
== ============ == ============
See accompanying Notes to Financial Statements.
137
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
------ ------
(000)
MUNICIPAL BONDS -- (99.4%)
ALABAMA -- (0.9%)
Alabama State (GO) Series A
5.000%, 08/01/19............................. $8,500 $ 8,832,690
5.000%, 08/01/20............................. 5,495 5,866,572
5.000%, 08/01/21............................. 1,450 1,584,633
5.000%, 08/01/21............................. 6,030 6,589,885
-----------
TOTAL ALABAMA............................................ 22,873,780
-----------
ALASKA -- (0.4%)
Alaska State (GO) Series B
5.000%, 08/01/20............................. 3,920 4,178,838
City of Koyukuk (RB)
(currency) 7.750%, 10/01/41 (Pre-refunded @ $100,
10/1/19)..................................... 4,650 5,014,002
-----------
TOTAL ALASKA............................................. 9,192,840
-----------
ARIZONA -- (1.0%)
Arizona State Transportation Board (RB)
5.000%, 07/01/20............................. 5,000 5,323,650
City of Phoenix (GO)
4.000%, 07/01/20............................. 1,085 1,133,293
4.000%, 07/01/21............................. 5,970 6,324,738
Madison Elementary School District No. 38 (GO) Series A
2.000%, 07/01/20............................. 1,400 1,402,058
Maricopa County Community College District (GO)
4.000%, 07/01/18............................. 2,210 2,218,265
3.000%, 07/01/20............................. 6,505 6,658,648
Maricopa County School District No. 3 Tempe Elementary
(GO)
3.000%, 07/01/21............................. 1,410 1,448,620
-----------
TOTAL ARIZONA............................................ 24,509,272
-----------
ARKANSAS -- (1.1%)
Arkansas State (GO)
5.000%, 04/01/19............................. 7,240 7,449,598
5.000%, 04/01/21............................. 4,300 4,660,770
5.000%, 04/01/21............................. 6,495 7,039,931
5.000%, 06/15/21............................. 8,730 9,509,676
-----------
TOTAL ARKANSAS........................................... 28,659,975
-----------
CALIFORNIA -- (2.7%)
Bay Area Toll Authority (RB) Series F-1
(currency) 5.125%, 04/01/39 (Pre-refunded @ $100,
4/1/19)...................................... 9,200 9,486,948
California State (GO)
5.000%, 04/01/19............................. 1,000 1,029,880
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
2.000%, 11/01/19............................. $ 695 $ 697,349
5.000%, 10/01/21............................. 2,215 2,433,953
California State (GO) Series B
5.000%, 09/01/18............................. 7,000 7,078,680
City of Berkeley (RN)
3.000%, 07/19/18............................. 4,000 4,011,640
City of Long Beach Harbor Revenue (RB) Series C
5.000%, 11/15/18............................. 4,125 4,197,311
City of Los Angeles (RN)
5.000%, 06/28/18............................. 2,800 2,814,868
Los Angeles Unified School District (GO) Series A
5.000%, 07/01/19............................. 1,000 1,038,320
Oakland Unified School District (GO) Series A
(currency) 6.125%, 08/01/29 (Pre-refunded @ $100,
8/1/19)...................................... 3,595 3,787,620
Riverside County (RN)
2.000%, 06/29/18............................. 29,300 29,318,752
Sequoia Union High School District (RAN)
3.000%, 06/29/18............................. 2,385 2,390,605
-----------
TOTAL CALIFORNIA......................................... 68,285,926
-----------
COLORADO -- (0.7%)
Board of Water Commissioners City & County of Denver
(The) (RB) Series B
5.000%, 09/15/19............................. 2,060 2,149,013
City & County of Denver (GO) Series A
5.000%, 08/01/18............................. 7,745 7,810,600
5.000%, 08/01/20............................. 4,920 5,254,954
Denver City & County School District No. 1 (GO) Series B
(ETM) (ST AID WITHHLDG)
4.000%, 12/01/18............................. 140 141,778
Denver City & County School District No. 1 (GO) Series B
(ST AID WITHHLDG)
4.000%, 12/01/18............................. 1,045 1,059,055
Weld County School District No. RE-4 (GO) (ST INTERCEPT)
4.000%, 12/01/22............................. 1,000 1,073,040
-----------
TOTAL COLORADO........................................... 17,488,440
-----------
CONNECTICUT -- (2.0%)
City of Middletown (GO)
5.000%, 04/01/21............................. 1,905 2,070,468
City of New London (BAN)
3.000%, 03/21/19............................. 5,300 5,359,042
138
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CONNECTICUT -- (Continued)
Connecticut State (GO) Series A
5.000%, 10/15/19............................. $ 5,350 $ 5,566,889
Connecticut State (GO) Series B (AMBAC)
5.250%, 06/01/18............................. 15,310 15,352,103
Connecticut State (GO) Series C
5.000%, 06/01/18............................. 9,980 10,005,449
Connecticut State Special Tax Revenue (RB)
5.000%, 01/01/19............................. 11,000 11,224,400
-----------
TOTAL CONNECTICUT........................................ 49,578,351
-----------
DELAWARE -- (0.4%)
Delaware State (GO)
5.000%, 07/01/19............................. 5,000 5,185,700
Delaware State (GO) Series A
5.000%, 08/01/19............................. 5,745 5,972,732
-----------
TOTAL DELAWARE........................................... 11,158,432
-----------
DISTRICT OF COLUMBIA -- (0.2%)
District of Columbia (GO) Series A
5.000%, 06/01/20............................. 2,320 2,465,023
District of Columbia (GO) Series B (AGM)
5.250%, 06/01/18............................. 2,265 2,271,410
-----------
TOTAL DISTRICT OF COLUMBIA............................... 4,736,433
-----------
FLORIDA -- (2.3%)
Florida State Board of Education (GO) Series A
5.000%, 06/01/18............................. 4,000 4,010,560
5.000%, 06/01/19............................. 19,310 19,980,636
5.000%, 06/01/19............................. 10,100 10,450,773
5.000%, 06/01/20............................. 2,850 3,025,133
5.000%, 01/01/21............................. 2,340 2,517,372
Florida State Board of Education (GO) Series B
5.000%, 06/01/19............................. 3,500 3,621,555
5.000%, 06/01/20............................. 1,000 1,061,450
North Brevard County Hospital District Physician
Services Inc (RB)
(currency) 5.750%, 10/01/43 (Pre-refunded @ $100,
10/1/18)..................................... 7,120 7,236,483
Orange County Water Utility System Revenue (RB)
5.000%, 10/01/21............................. 2,500 2,740,200
Tampa Bay Water (RB)
(currency) 5.000%, 10/01/25 (Pre-refunded @ $100,
10/1/20)..................................... 2,160 2,309,278
-----------
TOTAL FLORIDA............................................ 56,953,440
-----------
FACE
AMOUNT VALUE+
------ ------
(000)
GEORGIA -- (3.7%)
Cobb County (GO)
5.000%, 01/01/21............................. $ 3,710 $ 4,001,235
5.000%, 01/01/22............................. 500 551,605
Cobb County School District
2.000%, 12/20/18............................. 22,320 22,374,684
Gainesville & Hall County Hospital Authority (RB)
(currency) 5.500%, 02/15/45 (Pre-refunded @ $100,
2/15/20)..................................... 6,575 6,970,618
Georgia State (GO) Series A
5.000%, 07/01/19............................. 7,350 7,622,979
Georgia State (GO) Series A-1
5.000%, 02/01/19............................. 8,000 8,194,960
5.000%, 02/01/20............................. 4,210 4,437,593
Georgia State (GO) Series C
5.000%, 07/01/19............................. 2,000 2,074,280
Georgia State (GO) Series D
5.000%, 02/01/19............................. 7,970 8,164,229
Georgia State (GO) Series E-1
4.500%, 07/01/19............................. 6,890 7,106,415
Georgia State (GO) Series I
5.000%, 07/01/19............................. 20,475 21,235,441
-----------
TOTAL GEORGIA............................................ 92,734,039
-----------
HAWAII -- (2.1%)
City & County of Honolulu (GO) Series B
5.000%, 11/01/19............................. 8,000 8,370,400
Hawaii State (GO) Series DR
5.000%, 06/01/19............................. 9,725 10,056,428
Hawaii State (GO) Series EA
5.000%, 12/01/18............................. 9,250 9,425,472
Hawaii State (GO) Series EE
5.000%, 11/01/18............................. 11,495 11,682,024
Hawaii State (GO) Series EF
5.000%, 11/01/21............................. 5,500 6,039,000
Hawaii State (GO) Series EO
5.000%, 08/01/22............................. 6,000 6,687,780
Maui County (GO)
5.000%, 06/01/18............................. 500 501,315
-----------
TOTAL HAWAII............................................. 52,762,419
-----------
IDAHO -- (0.4%)
Idaho State (TAN)
4.000%, 06/29/18............................. 11,175 11,216,794
-----------
ILLINOIS -- (0.2%)
Central Lake County Joint Action Water Agency (RB)
4.000%, 05/01/18............................. 4,700 4,700,000
Central Lake County Joint Action Water Agency (RB) (ETM)
4.000%, 05/01/18............................. 1,495 1,495,000
-----------
TOTAL ILLINOIS........................................... 6,195,000
-----------
139
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
IOWA -- (0.4%)
Iowa Finance Authority (RB)
(currency) 5.000%, 08/01/20 (Pre-refunded @ $100,
8/1/19)...................................... $ 2,535 $ 2,633,561
(currency) 5.000%, 08/01/21 (Pre-refunded @ $100,
8/1/19)...................................... 1,560 1,620,653
State of Iowa (RB) Series A (ETM)
5.000%, 06/01/18............................. 4,785 4,797,632
-----------
TOTAL IOWA............................................... 9,051,846
-----------
KANSAS -- (1.1%)
City of Topeka Series A
3.000%, 10/01/18............................. 16,900 16,993,457
City of Wichita (GO) Series A
5.000%, 12/01/19............................. 3,960 4,152,100
Kansas State Department of Transportation (RB) Series C
5.000%, 09/01/19............................. 4,975 5,179,920
Sedgwick County Unified School District No. 266 Maize
(GO) Series A
2.000%, 09/01/18............................. 1,000 1,000,800
-----------
TOTAL KANSAS............................................. 27,326,277
-----------
KENTUCKY -- (0.8%)
Kentucky State Economic Development Finance Authority
(RB) Series A
(currency) 5.000%, 05/01/24 (Pre-refunded @ $100,
5/1/19)...................................... 1,000 1,030,480
Louisville & Jefferson County (GO) Series A
5.000%, 12/01/19............................. 4,095 4,290,373
Louisville & Jefferson County (RB)
5.000%, 12/01/35 (Pre-refunded @ $100,
6/1/22)...................................... 1,675 1,858,429
Louisville & Jefferson County Metropolitan Sewer
District (RB) Series B
5.000%, 05/15/18............................. 13,245 13,260,364
-----------
TOTAL KENTUCKY........................................... 20,439,646
-----------
LOUISIANA -- (0.2%)
Louisiana State (GO) Series C
5.000%, 08/01/21............................. 5,000 5,436,250
-----------
MARYLAND -- (7.4%)
Anne Arundel County (GO)
3.000%, 10/01/19............................. 3,900 3,961,737
5.000%, 10/01/20............................. 1,790 1,917,663
5.000%, 04/01/21............................. 12,740 13,805,064
FACE
AMOUNT VALUE+
------ ------
(000)
MARYLAND -- (Continued)
Anne County Arundel (GO)
5.000%, 10/01/19............................. $ 3,000 $ 3,130,800
Baltimore County (BAN)
4.000%, 03/18/19............................. 10,000 10,197,400
Baltimore County (GO)
5.000%, 08/01/18............................. 2,450 2,470,016
Baltimore County (GO) Series B
5.000%, 08/01/18............................. 5,000 5,040,850
Charles County (GO)
5.000%, 03/01/19............................. 2,440 2,505,856
Charles County (GO) (ETM)
5.000%, 03/01/19............................. 10 10,257
Harford County (GO) Series B
5.000%, 02/01/20............................. 2,650 2,792,782
Maryland State (GO)
5.000%, 06/01/19............................. 3,000 3,103,200
Maryland State (GO) Series A
5.000%, 08/01/19............................. 20,000 20,787,800
Maryland State (GO) Series B
5.000%, 03/01/19............................. 6,300 6,470,037
5.000%, 08/01/19............................. 11,500 11,952,985
5.000%, 08/01/20............................. 8,425 8,988,969
Maryland State (GO) Series C
5.000%, 11/01/18............................. 9,335 9,487,347
5.000%, 08/01/19............................. 2,000 2,078,780
5.000%, 11/01/19............................. 2,000 2,093,520
5.000%, 08/01/20............................. 7,705 8,220,773
Montgomery County (GO) Series B
5.000%, 06/01/19............................. 7,725 7,992,439
5.000%, 12/01/21............................. 4,000 4,398,040
Prince George's County (GO) Series B
5.000%, 09/15/18............................. 16,190 16,387,356
4.000%, 03/01/19............................. 9,575 9,756,446
4.000%, 03/01/20............................. 9,780 10,151,151
Prince George's County (GO) Series C
5.000%, 08/01/18............................. 10,075 10,157,111
Talbot County (GO)
2.000%, 12/15/21............................. 1,330 1,323,071
Washington Suburban Sanitary Commission (GO)
5.000%, 06/01/18............................. 2,350 2,356,181
Washington Suburban Sanitary Commission (GO)
Series A
4.000%, 06/01/18............................. 5,000 5,009,200
------------
TOTAL MARYLAND................................... 186,546,831
------------
MASSACHUSETTS -- (5.9%)
City of Fall River (BAN)
2.500%, 02/08/19............................. 9,831 9,880,253
City of Quincy (BAN)
2.500%, 01/18/19............................. 13,000 13,065,910
City of Somerville (BAN)
2.000%, 06/08/18............................. 11,642 11,647,006
140
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
MASSACHUSETTS -- (Continued)
City of Springfield (GO) (ST AID WITHHLDG)
5.000%, 09/01/21............................. $ 4,240 $ 4,631,988
Commonwealth of Massachusetts (GO) Series A
5.000%, 05/01/21............................. 10,000 10,850,300
Commonwealth of Massachusetts (GO) Series B
5.000%, 08/01/18............................. 3,750 3,780,750
Commonwealth of Massachusetts (GO) Series B (AGM)
5.250%, 09/01/21............................. 2,405 2,648,218
Commonwealth of Massachusetts (GO) Series C
5.000%, 04/01/20............................. 2,700 2,856,006
5.000%, 08/01/20............................. 8,500 9,065,080
5.000%, 10/01/21............................. 8,000 8,760,320
Commonwealth of Massachusetts (GO) Series D (AMBAC)
5.500%, 10/01/19............................. 4,220 4,434,503
Massachusetts Bay Transportation Authority (RB) Series A
5.250%, 07/01/19............................. 3,115 3,238,136
Massachusetts Clean Water Trust (The) (RB)
5.000%, 08/01/20............................. 5,830 6,228,247
Massachusetts Development Finance Agency (RB)
(currency) 5.750%, 07/01/39
(Pre-refunded @ $100, 7/1/19)................ 9,990 10,433,955
Massachusetts Health & Educational Facilities Authority
(RB)
(currency) 5.000%, 07/01/39
(Pre-refunded @ $100, 7/1/19)................ 4,160 4,306,682
Massachusetts Health & Educational Facilities Authority
(RB) Series E-2
(currency) 5.375%, 07/01/22
(Pre-refunded @ $100, 7/1/18)................ 12,500 12,573,875
Massachusetts Water Resources Authority (RB) Series J
(AGM) (GO OF AUTH)
5.250%, 08/01/18............................. 18,000 18,157,140
Town of Lexington (BAN)
3.000%, 02/15/19............................. 10,555 10,661,922
Town of Westborough (BAN)
2.500%, 08/10/18............................. 2,000 2,004,060
------------
TOTAL MASSACHUSETTS...................................... 149,224,351
------------
FACE
AMOUNT VALUE+
------ ------
(000)
MICHIGAN -- (2.1%)
Michigan Finance Authority (RB) Series A
5.000%, 07/01/18............................. $25,260 $25,395,141
5.000%, 01/01/19............................. 7,110 7,264,074
Michigan State (GO)
5.000%, 11/01/19............................. 13,000 13,611,780
Michigan State Building Authority (RB)
(currency) 6.000%, 10/15/38
(Pre-refunded @ $100, 10/15/18).............. 2,740 2,790,854
Michigan State Trunk Line Revenue (RB)
5.000%, 11/15/18............................. 3,600 3,662,136
-----------
TOTAL MICHIGAN........................................... 52,723,985
-----------
MINNESOTA -- (3.6%)
Bloomington Independent School District No. 271 (GO)
Series A (SD CRED PROG)
5.000%, 02/01/21............................. 1,290 1,392,555
Chaska Independent School District No. 112 (GO) Series A
(SD CRED PROG)
5.000%, 02/01/21............................. 590 636,740
City of Minneapolis (GO)
2.000%, 12/01/18............................. 5,085 5,093,441
City of Minneapolis (RB) Series A
(currency) 6.750%, 11/15/32
(Pre-refunded @ $100, 11/15/18).............. 6,500 6,671,925
City of State Cloud (RB)
(currency) 5.125%, 05/01/30
(Pre-refunded @ $100, 5/1/20)................ 950 1,007,266
City of State Louis Park (RB) Series C (ETM)
5.500%, 07/01/18............................. 4,140 4,165,627
Elk River Independent School District No. 728 (GO)
Series A (SD CRED PROG)
5.000%, 02/01/21............................. 1,000 1,078,100
Elk River Independent School District No. 728 (GO)
Series C (SD CRED PROG)
5.000%, 02/01/20............................. 5,000 5,263,200
5.000%, 02/01/21............................. 2,000 2,156,200
Hennepin County (GO) Series B
5.000%, 12/01/21............................. 650 715,865
Housing & Redevelopment Authority of The City of State
Paul Minnesota (RB)
(currency) 5.250%, 11/15/29 (Pre-refunded @ $100,
11/15/19).................................... 660 692,696
141
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
MINNESOTA -- (Continued)
Lakeville Independent School District No. 194 (GO)
Series D (SD CRED PROG)
5.000%, 02/01/19............................. $ 4,425 $ 4,530,182
Minnesota State (GO)
5.000%, 08/01/20............................. 740 789,032
Minnesota State (GO) (ETM)
5.000%, 08/01/20............................. 10 10,647
Minnesota State (GO) Series B
5.000%, 08/01/18............................. 7,600 7,661,332
5.000%, 08/01/19............................. 4,425 4,598,725
4.000%, 08/01/20............................. 8,800 9,190,632
Minnesota State (GO) Series D
5.000%, 08/01/18............................. 5,000 5,040,350
5.000%, 08/01/19............................. 19,750 20,525,385
5.000%, 08/01/21............................. 7,230 7,889,376
Minnesota State (GO) Series E
2.000%, 08/01/19............................. 725 726,769
Minnesota State (GO) Series F
5.000%, 10/01/18............................. 650 658,795
Watertown-Mayer Independent School District No. 111 (GO)
Series B (SD CRED PROG)
4.000%, 02/01/20............................. 1,610 1,667,509
-----------
TOTAL MINNESOTA.......................................... 92,162,349
-----------
MISSISSIPPI -- (0.1%)
Mississippi State (GO) Series C
5.000%, 10/01/18............................. 2,800 2,837,184
-----------
MISSOURI -- (1.2%)
Clayton School District (GO)
5.000%, 03/01/20............................. 3,115 3,290,748
Health & Educational Facilities Authority of the State
of Missouri (RB) Series 2003A-ST LUKE'S HEALTH (AGM)
(currency) 5.500%, 11/15/23 (Pre-refunded @ $100,
11/15/18).................................... 10,000 10,198,100
(currency) 5.500%, 11/15/28 (Pre-refunded @ $100,
11/15/18).................................... 10,000 10,198,100
Jackson County Reorganized School District No. 7 (GO)
3.000%, 03/01/21............................. 2,375 2,432,095
Missouri State (GO) Series A
5.000%, 12/01/20............................. 4,515 4,852,767
-----------
TOTAL MISSOURI........................................... 30,971,810
-----------
NEBRASKA -- (0.3%)
Lancaster County School District 001 (GO)
5.000%, 01/15/21............................. 1,620 1,744,530
FACE
AMOUNT VALUE+
------ ------
(000)
NEBRASKA -- (Continued)
Metropolitan Utilities District of Omaha (RB)
5.000%, 12/01/20............................. $ 4,340 $ 4,666,932
-----------
TOTAL NEBRASKA........................................... 6,411,462
-----------
NEVADA -- (0.4%)
City of Henderson NV (GO)
5.000%, 06/01/19............................. 5,295 5,475,454
Clark County School District (GO) Series A
5.000%, 06/15/19............................. 1,000 1,033,700
Clark County Water Reclamation District (GO) Series A
(currency) 5.250%, 07/01/34 (Pre-refunded @ $100,
7/1/19)...................................... 2,905 3,017,452
Washoe County School District (GO) Series A
3.000%, 06/01/19............................. 1,125 1,137,679
-----------
TOTAL NEVADA............................................. 10,664,285
-----------
NEW HAMPSHIRE -- (0.2%)
City of Nashua (GO)
4.000%, 07/15/21............................. 1,720 1,822,323
City of Portsmouth (BAN)
3.000%, 06/22/18............................. 2,705 2,710,275
-----------
TOTAL NEW HAMPSHIRE...................................... 4,532,598
-----------
NEW JERSEY -- (1.2%)
Monmouth County (GO)
5.000%, 07/15/20............................. 4,540 4,844,135
5.000%, 07/15/21............................. 3,770 4,119,064
Union County
2.250%, 06/22/18............................. 20,000 20,016,600
-----------
TOTAL NEW JERSEY......................................... 28,979,799
-----------
NEW MEXICO -- (1.2%)
City of Albuquerque (GO) Series A
5.000%, 07/01/18............................. 4,775 4,800,451
New Mexico State (GO)
5.000%, 03/01/19............................. 1,500 1,539,360
5.000%, 03/01/21............................. 4,000 4,320,480
New Mexico State (GO) Series B
5.000%, 03/01/20............................. 3,775 3,981,643
New Mexico State Severance Tax Permanent Fund (RB)
Series A
5.000%, 07/01/19............................. 6,500 6,733,740
New Mexico State Severance Tax Permanent Fund (RB)
Series A-2
5.000%, 07/01/18............................. 10,000 10,053,300
-----------
TOTAL NEW MEXICO......................................... 31,428,974
-----------
142
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
NEW YORK -- (6.5%)
Amherst Central School District (GO) (ST AID WITHHLDG)
3.000%, 06/15/18............................. $ 135 $ 135,200
Brewster Central School District (GO) (ST AID WITHHLDG)
2.000%, 10/01/19............................. 1,160 1,163,376
City of New York (GO)
5.000%, 03/01/19............................. 4,685 4,810,698
City of New York (GO) (ETM)
5.000%, 03/01/19............................. 5,420 5,564,009
City of New York (GO) Series C
5.000%, 08/01/18............................. 6,265 6,315,245
City of New York (GO) Series E
5.000%, 08/01/19............................. 10,000 10,393,900
5.000%, 08/01/21............................. 1,500 1,635,315
City of New York (GO) Series F
5.000%, 08/01/21............................. 1,000 1,090,210
City of New York (GO) Series G
5.000%, 08/01/19............................. 15,310 15,913,061
5.000%, 08/01/21............................. 5,915 6,448,592
City of New York (GO) Series J
5.000%, 08/01/19............................. 7,985 8,299,529
City of New York (GO) Series J7
5.000%, 08/01/20............................. 5,000 5,332,400
City of Rochester (BAN) Series 3
2.500%, 08/02/18............................. 17,550 17,578,606
County of Columbia (GO) Series A (AGM)
2.000%, 02/01/19............................. 500 500,920
East Hampton Union Free School District (GO) (ST AID
WITHHLDG)
5.000%, 06/01/19............................. 235 243,136
Erie County (RAN)
2.000%, 06/30/18............................. 7,800 7,802,886
Hilton Central School District (GO) (ST AID WITHHLDG)
2.000%, 06/15/21............................. 685 681,911
Metropolitan Transportation Authority (RB) Series A
5.000%, 11/15/21............................. 515 563,611
Metropolitan Transportation Authority (RB) Series A (ETM)
5.000%, 11/15/21............................. 85 93,602
New York State Dormitory Authority (RB)
(currency) 6.125%, 12/01/29
(Pre-refunded @ $100, 12/1/18)............... 600 614,982
(currency) 6.250%, 12/01/37
(Pre-refunded @ $100, 12/1/18)............... 450 461,556
New York State Dormitory Authority (RB) Series A
5.000%, 12/15/18............................. 5,395 5,505,166
5.000%, 03/15/21............................. 1,795 1,944,398
FACE
AMOUNT VALUE+
------ ------
(000)
NEW YORK -- (Continued)
5.000%, 12/15/21............................. $ 3,545 $ 3,901,414
(currency) 5.500%, 07/01/25
(Pre-refunded @ $100, 7/1/20)................ 500 536,645
(currency) 5.000%, 07/01/39
(Pre-refunded @ $100, 7/1/19)................ 6,125 6,348,869
New York State Dormitory Authority (RB) Series B
5.000%, 02/15/20............................. 15,000 15,812,400
5.000%, 02/15/22............................. 4,000 4,410,720
(currency) 5.000%, 07/01/38
(Pre-refunded @ $100, 7/1/18)................ 5,600 5,630,240
New York State Dormitory Authority (RB) Series B
(ASSURED GTY)
(currency) 5.000%, 07/01/23 (Pre-refunded @ $100,
7/1/18)...................................... 550 552,876
New York State Dormitory Authority (RB) Series C
5.000%, 03/15/19............................. 700 719,467
New York State Dormitory Authority (RB) Series E
5.000%, 02/15/19............................. 875 897,085
5.000%, 03/15/20............................. 500 528,230
5.000%, 03/15/21............................. 2,000 2,164,720
New York State Urban Development Corp. (RB) Series A
5.000%, 03/15/20............................. 550 581,053
New York State Urban Development Corp. (RB) Series C
5.000%, 12/15/18............................. 250 255,105
Town of Brookhaven (GO) Series A
3.000%, 02/01/19............................. 5,080 5,128,362
Triborough Bridge & Tunnel Authority (RB) Series A-1
5.000%, 11/15/19............................. 500 524,285
Triborough Bridge & Tunnel Authority (RB) Series B
4.000%, 11/15/18............................. 11,860 12,007,420
5.000%, 11/15/19............................. 1,000 1,048,570
------------
TOTAL NEW YORK........................................... 164,139,770
------------
NORTH CAROLINA -- (3.2%)
City of Charlotte Water & Sewer System Revenue (RB)
5.000%, 07/01/19............................. 10,555 10,938,357
Davie County (GO)
5.000%, 05/01/20............................. 1,595 1,692,104
143
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
NORTH CAROLINA -- (Continued)
North Carolina Medical Care Commission (RB) Series D
(currency) 6.250%, 12/01/33 (Pre-refunded @ $100,
12/1/18)..................................... $15,455 $15,846,475
North Carolina State (GO) Series A
5.000%, 03/01/19............................. 5,000 5,134,950
North Carolina State (GO) Series B
5.000%, 06/01/18............................. 29,730 29,808,190
North Carolina State (GO) Series E
5.000%, 05/01/19............................. 1,500 1,548,135
North Carolina Turnpike Authority (RB) Series A (AGC)
(currency) 5.500%, 01/01/29 (Pre-refunded @ $100,
1/1/19)...................................... 4,275 4,379,096
Wake County (GO)
5.000%, 03/01/19............................. 7,225 7,420,003
Wake County (GO) Series B
5.000%, 05/01/18............................. 4,625 4,625,000
-----------
TOTAL NORTH CAROLINA..................................... 81,392,310
-----------
OHIO -- (3.8%)
City of Columbus (GO) Series 1
5.000%, 07/01/20............................. 10,000 10,658,300
City of Columbus (GO) Series A
5.000%, 02/15/19............................. 10,000 10,251,600
3.000%, 07/01/21............................. 12,830 13,189,369
Ohio State (GO) Series A
3.000%, 05/01/20............................. 5,000 5,100,350
5.000%, 05/01/20............................. 7,000 7,413,420
5.000%, 09/15/21............................. 2,335 2,552,505
Ohio State (GO) Series B
5.000%, 08/01/19............................. 7,270 7,558,183
5.000%, 09/01/19............................. 4,215 4,392,578
5.000%, 08/01/20............................. 10,000 10,658,000
2.000%, 09/01/20............................. 2,500 2,499,975
5.000%, 06/15/21............................. 9,500 10,330,490
Ohio State (GO) Series C
5.000%, 09/15/18............................. 1,300 1,315,652
Ohio State (GO) Series R
5.000%, 05/01/20............................. 5,080 5,381,041
Ohio State (GO) Series T
5.000%, 04/01/21............................. 2,040 2,207,545
Ohio State Water Development Authority (RB) Series A
5.000%, 06/01/21............................. 1,825 1,988,319
-----------
TOTAL OHIO............................................... 95,497,327
-----------
OKLAHOMA -- (0.6%)
Tulsa County Independent School District No. 1 Tulsa
(GO) Series C
1.500%, 07/01/18............................. 6,970 6,966,167
2.000%, 07/01/19............................. 8,610 8,626,703
-----------
TOTAL OKLAHOMA........................................... 15,592,870
-----------
FACE
AMOUNT VALUE+
------ ------
(000)
OREGON -- (1.0%)
City of Portland Sewer System Revenue (RB) Series A
5.000%, 06/01/19............................. $ 2,140 $ 2,213,616
Multnomah County (GO)
5.000%, 08/01/19............................. 4,580 4,761,002
Oregon State (GO) Series F
3.000%, 05/01/20............................. 6,585 6,728,882
Oregon State (GO) Series L
5.000%, 11/01/19............................. 11,515 12,053,441
-----------
TOTAL OREGON............................................. 25,756,941
-----------
PENNSYLVANIA -- (3.5%)
City of Philadelphia (GO) Series A (AGM)
(currency) 5.250%, 12/15/32 (Pre-refunded @ $100,
12/15/18).................................... 7,290 7,444,548
Commonwealth of Pennsylvania (GO)
5.000%, 07/01/18............................. 3,755 3,774,639
Commonwealth of Pennsylvania (GO) Series 1
5.000%, 11/15/18............................. 10,645 10,827,562
5.000%, 07/01/19............................. 7,655 7,924,915
5.000%, 04/01/20............................. 8,500 8,974,725
Commonwealth of Pennsylvania (GO) Series 2
5.000%, 10/15/19............................. 2,250 2,347,807
Commonwealth of Pennsylvania (GO) Series A
5.000%, 02/15/19............................. 5,010 5,132,043
Montgomery County Industrial Development Authority (RB)
(FHA INS)
(currency) 5.375%, 08/01/38 (Pre-refunded @ $100,
8/1/20)...................................... 10,000 10,728,600
Pennsylvania Economic Development Financing Authority
(RB) Series A
5.000%, 07/01/19............................. 23,650 24,497,616
Snyder County Higher Education Authority (RB)
(currency) 5.000%, 01/01/38 (Pre-refunded @ $100,
7/1/18)...................................... 4,000 4,021,520
University of Pittsburgh-of the Commonwealth System of
Higher Education (RB) Series B
(currency) 5.250%, 09/15/34 (Pre-refunded @ $100,
9/15/19)..................................... 3,330 3,480,483
-----------
TOTAL PENNSYLVANIA....................................... 89,154,458
-----------
144
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
RHODE ISLAND -- (0.2%)
Rhode Island State (GO) Series A
5.000%, 08/01/19............................. $ 4,700 $ 4,885,133
-----------
SOUTH CAROLINA -- (4.5%)
Aiken County Consolidated School District (GO) Series A
(SCSDE)
5.000%, 03/01/20............................. 3,000 3,167,580
Charleston County School District (GO) Series A (SCSDE)
5.000%, 02/01/19............................. 7,595 7,777,812
Darlington County School District (GO) (SCSDE)
3.000%, 03/01/19............................. 3,000 3,030,240
Dorchester County School District No. 2 (GO) Series A
(SCSDE)
5.000%, 03/01/21............................. 1,885 2,038,194
Florence County (GO) (ST AID WITHHLDG)
4.000%, 06/01/19............................. 15,000 15,354,600
4.000%, 06/01/20............................. 2,475 2,577,415
Florence School District One (GO) (SCSDE)
5.000%, 03/01/19............................. 3,730 3,830,374
Greenville County School District (GO) Series C (SCSDE)
5.000%, 06/01/18............................. 15,000 15,039,750
Lexington & Richland School District No. 5 (GO) Series B
(SCSDE)
5.000%, 03/01/21............................. 1,660 1,794,908
Richland County (BAN) (ST AID WITHHLDG)
3.000%, 02/27/19............................. 6,000 6,060,900
Richland County School District No. 2 (GO) (SCSDE)
5.000%, 03/01/20............................. 910 960,833
Richland County School District No. 2 (GO) Series A
(SCSDE)
5.000%, 02/01/20............................. 5,520 5,815,486
5.000%, 02/01/21............................. 7,000 7,554,540
Richland County School District No. 2 (GO) Series C
(SCSDE)
5.000%, 02/01/19............................. 5,740 5,879,482
South Carolina Jobs-Economic Dev. Authority (RB) Series A
(currency) 6.250%, 04/01/35 (Pre-refunded @ $100,
4/1/20)...................................... 2,180 2,351,784
(currency) 6.500%, 04/01/42 (Pre-refunded @ $100,
4/1/20)...................................... 2,000 2,164,980
South Carolina State (GO) Series A
5.000%, 06/01/20............................. 8,945 9,511,666
FACE
AMOUNT VALUE+
------ ------
(000)
SOUTH CAROLINA -- (Continued)
South Carolina State (GO) Series A (ST AID WITHHLDG)
5.000%, 10/01/19............................. $ 4,530 $ 4,726,874
South Carolina Transportation Infrastructure Bank (RB)
Series A
(currency) 5.250%, 10/01/40 (Pre-refunded @ $100,
10/1/19)..................................... 2,690 2,813,148
Spartanburg County School District No. 6 (BAN)
5.000%, 09/27/18............................. 10,000 10,133,400
------------
TOTAL SOUTH CAROLINA..................................... 112,583,966
------------
TENNESSEE -- (2.4%)
City of Chattanooga (GO) Series A
4.000%, 09/01/18............................. 9,160 9,229,524
City of Memphis (GO) (NATL-RE)
5.250%, 10/01/18............................. 4,000 4,059,400
City of Memphis (GO) Series A
5.000%, 04/01/21............................. 4,550 4,929,060
City of Memphis (GO) Series D
5.000%, 07/01/19............................. 4,180 4,336,248
Hamilton County (GO) Series A
5.000%, 05/01/21............................. 3,895 4,235,657
Metropolitan Government of Nashville & Davidson County
(GO)
5.000%, 07/01/21............................. 9,055 9,863,249
Metropolitan Government of Nashville & Davidson County
(GO) Series A
(currency) 5.000%, 07/01/25 (Pre-refunded @ $100,
7/1/20)...................................... 525 557,834
Metropolitan Government of Nashville & Davidson County
Electric Revenue (RB) Series A
5.000%, 05/15/20............................. 2,000 2,123,240
Shelby County (GO) Series A
5.000%, 04/01/20............................. 18,135 19,189,913
5.000%, 03/01/21............................. 2,550 2,757,239
------------
TOTAL TENNESSEE.......................................... 61,281,364
------------
TEXAS -- (13.1%)
Austin Independent School District (GO)
(currency) 4.500%, 08/01/25 (Pre-refunded @ $100,
8/1/19)...................................... 3,340 3,449,385
Bexar County Health Facilities Dev. Corp. (RB)
(currency) 6.200%, 07/01/45 (Pre-refunded @ $100,
7/1/20)...................................... 3,030 3,289,338
145
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
TEXAS -- (Continued)
City of Allen (GO)
5.000%, 08/15/21............................. $ 1,840 $ 2,010,366
City of Dallas (GO)
5.000%, 02/15/19............................. 8,400 8,610,672
5.000%, 02/15/21............................. 1,500 1,610,745
City of Fort Worth Water & Sewer System (RB)
5.000%, 02/15/19............................. 830 851,215
City of Frisco (GO) Series A
5.000%, 02/15/21............................. 4,825 5,202,942
City of Houston (GO)
(currency) 5.000%, 03/01/26 (Pre-refunded @ $100,
3/1/19)...................................... 3,405 3,492,338
City of Houston (GO) (TRANS)
4.000%, 06/29/18............................. 43,000 43,165,550
City of Houston Combined Utility System Revenue (RB)
(ASSURED GTY)
(currency) 5.375%, 11/15/38 (Pre-refunded @ $100,
5/15/19)..................................... 25,155 26,047,499
City of San Antonio (GO)
5.000%, 02/01/20............................. 7,350 7,747,341
City of San Antonio Electric & Gas Systems Revenue (RB)
Series A
(currency) 5.000%, 02/01/34 (Pre-refunded @ $100,
2/1/19)...................................... 4,750 4,862,195
City of San Antonio Electric & Gas Systems Revenue (RB)
Series D
5.000%, 02/01/19............................. 700 717,059
City of Waco (GO)
5.000%, 02/01/20............................. 5,765 6,065,414
Conroe Independent School District (GO) Series A
(PSF-GTD)
4.000%, 02/15/21............................. 1,940 2,043,518
Dallas County Community College District (GO)
5.000%, 02/15/20............................. 11,975 12,627,877
Harris County (GO) Series A
5.000%, 10/01/19............................. 5,640 5,888,329
Houston Higher Education Finance Corp. (RB) Series A
(currency) 6.875%, 05/15/41 (Pre-refunded @ $100,
5/15/21)..................................... 6,000 6,813,720
Humble Independent School District (GO) Series B
(PSF-GTD)
5.000%, 02/15/20............................. 4,000 4,213,000
Lewisville Independent School District (GO) (PSF-GTD)
3.000%, 08/15/19............................. 6,000 6,089,520
FACE
AMOUNT VALUE+
------ ------
(000)
TEXAS -- (Continued)
Longview Independent School District (GO) (PSF-GTD)
(currency) 4.750%, 02/15/36 (Pre-refunded @ $100,
8/15/18)..................................... $14,815 $ 14,941,224
North East Independent School District (GO) (PSF-GTD)
5.000%, 08/01/18............................. 10,125 10,205,696
Permanent University Fund (RB)
5.000%, 07/01/18............................. 12,585 12,652,078
Plano Independent School District (GO) (PSF-GTD)
5.000%, 02/15/19............................. 18,185 18,646,899
San Antonio Independent School District (GO) (PSF-GTD)
5.000%, 02/15/20............................. 2,500 2,633,125
Southwest Higher Education Authority Inc (RB)
(currency) 5.000%, 10/01/23 (Pre-refunded @ $100,
10/1/19)..................................... 2,740 2,859,848
Texas State (GO)
5.000%, 04/01/19............................. 4,350 4,477,150
5.000%, 10/01/20............................. 3,825 4,096,843
5.000%, 10/01/23............................. 1,425 1,618,216
Texas State (GO) Series A
5.000%, 10/01/21............................. 2,200 2,409,088
Texas State (RN)
4.000%, 08/30/18............................. 60,000 60,457,200
Texas Tech University (RB) Series A
5.000%, 08/15/19............................. 3,025 3,146,666
Texas Transportation Commission State Highway Fund (RB)
Series A
5.000%, 04/01/19............................. 5,110 5,262,176
5.000%, 10/01/19............................. 4,000 4,179,560
5.000%, 10/01/20............................. 12,500 13,388,375
University of Texas System (The) (RB) Series A
5.250%, 08/15/18............................. 750 757,515
University of Texas System (The) (RB) Series C
5.000%, 08/15/19............................. 7,975 8,295,754
University of Texas System (The) (RB) Series D
(currency) 5.000%, 08/15/23 (Pre-refunded @ $100,
8/15/19)..................................... 6,635 6,900,931
------------
TOTAL TEXAS.............................................. 331,726,367
------------
UTAH -- (1.5%)
Alpine School District (GO) (SCH BD GTY)
5.000%, 03/15/21............................. 940 1,018,791
146
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
UTAH -- (Continued)
Jordan School District (GO) (SCH BD GTY)
5.000%, 06/15/19............................. $16,420 $16,995,685
Utah State (GO)
5.000%, 07/01/22............................. 9,690 10,800,474
Utah State (GO) Series C
5.000%, 07/01/18............................. 3,150 3,166,852
4.500%, 07/01/19............................. 6,675 6,884,662
-----------
TOTAL UTAH............................................... 38,866,464
-----------
VIRGINIA -- (6.4%)
Arlington County (GO) (ST AID WITHHLDG)
4.000%, 08/15/21............................. 2,125 2,258,769
Chesterfield County (GO) Series A
5.000%, 01/01/19............................. 3,575 3,652,721
City of Hampton (GO) Series B (ST AID WITHHLDG)
5.000%, 09/01/21............................. 2,700 2,956,905
City of Norfolk (GO) Series C (ST AID WITHHLDG)
5.000%, 10/01/19............................. 2,500 2,610,425
City of Richmond (GO) Series A (ST AID WITHHLDG)
5.000%, 03/01/20............................. 1,000 1,055,860
Commonwealth of Virginia (GO) Series B
5.000%, 06/01/19............................. 5,705 5,901,880
5.000%, 06/01/19............................. 10,250 10,603,727
Fairfax County (GO) Series A (ST AID WITHHLDG)
3.000%, 10/01/18............................. 2,855 2,870,560
4.000%, 10/01/18............................. 8,880 8,964,804
4.000%, 10/01/19............................. 12,300 12,675,888
4.000%, 10/01/20............................. 15,530 16,299,511
Fairfax County (GO) Series B (ST AID WITHHLDG)
5.000%, 10/01/18............................. 10,000 10,136,600
4.000%, 04/01/19............................. 7,000 7,143,360
Henrico County (GO)
5.000%, 07/15/19............................. 5,460 5,668,845
University of Virginia (RB) Series B
5.000%, 08/01/21............................. 15,000 16,397,700
Virginia Public Building Authority (RB) Series A
5.000%, 08/01/18............................. 8,370 8,437,546
Virginia Public School Authority (RB) Series B (ST AID
WITHHLDG)
5.000%, 08/01/19............................. 15,580 16,187,776
Virginia Resources Authority (RB)
(currency) 5.000%, 10/01/22 (Pre-refunded @ $100,
10/1/18)..................................... 7,935 8,045,376
FACE
AMOUNT VALUE+
------ ------
(000)
VIRGINIA -- (Continued)
(currency) 5.000%, 10/01/27 (Pre-refunded @ $100,
10/1/18)..................................... $ 4,940 $ 5,008,715
(currency) 5.000%, 10/01/28 (Pre-refunded @ $100,
10/1/18)..................................... 6,230 6,316,659
Virginia Resources Authority (RB) Series B
4.000%, 10/01/19............................. 4,875 5,024,711
Virginia State Public School Authority (RB) (ST AID
WITHHLDG)
5.000%, 07/15/19............................. 4,080 4,236,060
------------
TOTAL VIRGINIA........................................... 162,454,398
------------
WASHINGTON -- (4.6%)
City of Seattle Drainage & Wastewater Revenue (RB)
5.000%, 04/01/21............................. 3,000 3,250,800
City of Seattle Municipal Light & Power Revenue (RB)
(BHAC-CR)
(currency) 5.750%, 04/01/29 (Pre-refunded @ $100,
4/1/19)...................................... 10,000 10,357,200
City of Seattle Water System Revenue (RB)
5.000%, 09/01/19............................. 3,890 4,053,886
King County (GO)
5.000%, 12/01/18............................. 9,420 9,599,262
King County School District No. 405 Bellevue (GO)
(SCH BD GTY)
5.000%, 12/01/18............................. 1,240 1,263,300
King County School District No. 405 Bellevue (GO) Series
A (SCH BD GTY)
5.000%, 12/01/18............................. 400 407,516
King County Sewer Revenue (RB)
5.000%, 07/01/19............................. 1,755 1,819,970
Snohomish County Public Utility District No. 1 (RB)
5.000%, 12/01/18............................. 3,190 3,250,706
5.000%, 12/01/19............................. 5,810 6,097,421
Snohomish County School District No. 201 Snohomish (GO)
(SCH BD GTY)
5.000%, 12/01/21............................. 4,000 4,390,760
Snohomish County School District No. 6 Mukilteo (GO)
(SCH BD GTY)
5.000%, 12/01/18............................. 500 509,370
Spokane County School District No. 81 Spokane (GO)
Series A (SCH BD GTY)
5.000%, 12/01/18............................. 7,375 7,513,576
147
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
WASHINGTON -- (Continued)
Washington Health Care Facilities Authority (RB)
(currency) 7.375%, 03/01/38 (Pre-refunded @ $100,
3/1/19)...................................... $ 800 $ 835,760
(currency) 5.625%, 10/01/38 (Pre-refunded @ $100,
10/1/19)..................................... 9,965 10,487,365
Washington State (GO)
5.000%, 07/01/18............................. 3,000 3,016,140
5.000%, 07/01/20............................. 3,650 3,886,264
Washington State (GO) Series 2010A
5.000%, 08/01/18............................. 4,500 4,536,540
Washington State (GO) Series 2013A
5.000%, 08/01/21............................. 4,245 4,634,946
Washington State (GO) Series A-1
5.000%, 08/01/21............................. 1,500 1,637,790
Washington State (GO) Series B
4.000%, 07/01/18............................. 10,000 10,037,500
5.000%, 07/01/20............................. 5,000 5,323,650
Washington State (GO) Series D
5.000%, 02/01/19............................. 1,710 1,750,903
Washington State (GO) Series E
5.000%, 02/01/19............................. 4,080 4,177,593
Washington State (GO) Series R-2014A
5.000%, 07/01/18............................. 7,065 7,103,010
Washington State (GO) Series R-2015
5.000%, 07/01/18............................. 4,160 4,182,381
Washington State (GO) Series R-2017A
5.000%, 08/01/22............................. 2,500 2,785,500
------------
TOTAL WASHINGTON......................................... 116,909,109
------------
WEST VIRGINIA -- (0.4%)
West Virginia State (GO) Series A
5.000%, 06/01/21............................. 9,620 10,456,844
------------
FACE
AMOUNT VALUE+
------ ------
(000)
WISCONSIN -- (3.5%)
City of Milwaukee (GO) Series N2
5.000%, 05/01/19............................. $10,010 $ 10,316,106
5.000%, 04/01/20............................. 5,860 6,187,281
Wisconsin Health & Educational Facilities Authority (RB)
Series A
(currency) 5.250%, 12/01/35 (Pre-refunded @ $100,
12/3/18)..................................... 1,980 2,019,739
Wisconsin State (GO) Series 1
5.000%, 05/01/19............................. 9,230 9,523,422
5.000%, 05/01/20............................. 3,235 3,431,267
Wisconsin State (GO) Series 1 (AMBAC)
5.000%, 05/01/19............................. 6,320 6,520,913
Wisconsin State (GO) Series 1 (ETM)
5.000%, 05/01/20............................. 120 126,941
Wisconsin State (GO) Series 2
5.000%, 11/01/19............................. 4,000 4,186,440
5.000%, 11/01/21............................. 6,160 6,765,897
5.000%, 11/01/22............................. 3,000 3,360,540
Wisconsin State (GO) Series A
5.000%, 05/01/19............................. 8,440 8,708,307
Wisconsin State (GO) Series B
5.000%, 05/01/19............................. 4,620 4,766,870
5.000%, 05/01/20............................. 11,930 12,653,793
5.000%, 05/01/21............................. 9,655 10,487,647
--------------
TOTAL WISCONSIN.......................................... 89,055,163
--------------
TOTAL MUNICIPAL BONDS.................................... 2,514,835,272
--------------
TOTAL INVESTMENT SECURITIES.............................. 2,514,835,272
--------------
SHORT-TERM INVESTMENTS -- (0.6%)
University of Michigan, 1.290%, 06/07/18..... 16,085,000 16,077,440
--------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $2,546,094,992).................................. $2,530,912,712
==============
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
---------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- -------------- ------- --------------
Municipal Bonds............... -- $2,514,835,272 -- $2,514,835,272
SHORT-TERM INVESTMENTS --
(0.6%)....................... 16,077,440 16,077,440
-- -------------- -- --------------
TOTAL......................... -- $2,530,912,712 -- $2,530,912,712
== ============== == ==============
See accompanying Notes to Financial Statements.
148
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
------ ------
(000)
MUNICIPAL BONDS -- (100.0%)
ALABAMA -- (0.5%)
Alabama State (GO) Series A
5.000%, 08/01/19............................. $3,995 $ 4,151,364
5.000%, 08/01/21............................. 250 273,213
Alabama State (GO) Series B
5.000%, 11/01/19............................. 1,000 1,046,460
Alabama State (GO) Series C
5.000%, 08/01/24............................. 3,000 3,449,910
-----------
TOTAL ALABAMA.................................... 8,920,947
-----------
ALASKA -- (0.5%)
Borough of North Slope (GO) Series A
4.000%, 06/30/18............................. 400 401,528
City of Anchorage (GO) Series B
5.000%, 09/01/21............................. 3,845 4,192,704
5.000%, 09/01/23............................. 200 225,546
City of Anchorage (GO) Series C
5.000%, 09/01/24............................. 2,765 3,160,367
-----------
TOTAL ALASKA..................................... 7,980,145
-----------
ARIZONA -- (0.4%)
City of Tucson (GO) Series C
3.000%, 07/01/22............................. 1,455 1,500,454
Maricopa County Community College District (GO)
4.000%, 07/01/18............................. 4,000 4,014,960
Maricopa County High School District
No. 210-Phoenix (GO)
3.000%, 07/01/23............................. 1,810 1,869,531
-----------
TOTAL ARIZONA.................................... 7,384,945
-----------
ARKANSAS -- (0.7%)
Arkansas State (GO)
5.000%, 04/01/21............................. 1,000 1,083,900
5.000%, 06/15/21............................. 3,750 4,084,912
5.000%, 04/01/22............................. 2,800 3,100,188
4.250%, 06/01/23............................. 3,325 3,642,538
-----------
TOTAL ARKANSAS................................... 11,911,538
-----------
CALIFORNIA -- (1.7%)
California State (GO)
5.000%, 11/01/24............................. 1,175 1,362,377
5.000%, 08/01/25............................. 750 880,065
5.000%, 08/01/26............................. 8,000 9,501,520
3.500%, 08/01/27............................. 800 863,600
5.000%, 11/01/27............................. 5,580 6,731,879
California State (GO) Series B
5.000%, 09/01/21............................. 250 274,213
5.000%, 09/01/25............................. 9,000 10,570,680
-----------
TOTAL CALIFORNIA................................. 30,184,334
-----------
FACE
AMOUNT VALUE+
------ ------
(000)
COLORADO -- (1.3%)
Adams & Arapahoe Joint School District 28J (GO)
(ST AID WITHHLDG)
5.000%, 12/01/21............................. $ 425 $ 467,292
Arapahoe County School District No. 5 (GO) (ST
AID WITHHLDG)
5.000%, 12/15/19............................. 3,115 3,271,809
5.000%, 12/15/19............................. 5,705 5,992,189
Boulder County (RB)
5.000%, 07/15/18............................. 540 543,629
Boulder Valley School District No. Re-2 Boulder
(GO) Series B (ST AID WITHHLDG)
4.000%, 12/01/24............................. 2,185 2,395,219
Denver City & County School District No. 1 (GO)
Series A (NATL-RE) (ST AID WITHHLDG)
5.250%, 12/01/21............................. 2,490 2,759,144
Denver City & County School District No. 1 (GO)
Series C (ST AID WITHHLDG)
3.000%, 12/01/23............................. 1,540 1,596,133
Platte River Power Authority (RB) Series JJ
5.000%, 06/01/23............................. 4,425 4,981,134
-----------
TOTAL COLORADO................................... 22,006,549
-----------
CONNECTICUT -- (0.7%)
City of Middletown (GO)
4.000%, 04/01/22............................. 1,350 1,450,089
Connecticut State (GO) Series A
5.000%, 10/15/18............................. 3,300 3,347,520
5.000%, 10/15/19............................. 600 624,324
Connecticut State (GO) Series B (AMBAC)
5.250%, 06/01/18............................. 6,800 6,818,700
-----------
TOTAL CONNECTICUT................................ 12,240,633
-----------
DELAWARE -- (0.7%)
Delaware State (GO) Series A
5.000%, 08/01/23............................. 2,225 2,528,534
Delaware State (GO) Series B
5.000%, 07/01/18............................. 2,395 2,407,933
5.000%, 07/01/19............................. 4,335 4,496,002
Delaware State (GO) Series B (ETM)
5.000%, 07/01/19............................. 345 357,165
New Castle County (GO)
5.000%, 10/01/23............................. 1,000 1,139,420
New Castle County (GO) Series B
5.000%, 07/15/22............................. 700 780,633
-----------
TOTAL DELAWARE................................... 11,709,687
-----------
149
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
DISTRICT OF COLUMBIA -- (1.9%)
District of Columbia (GO) Series A
5.000%, 06/01/20............................. $3,445 $ 3,660,347
5.000%, 06/01/20............................. 6,000 6,375,060
5.000%, 06/01/23............................. 2,000 2,257,500
5.000%, 06/01/25............................. 1,500 1,745,115
District of Columbia (GO) Series B
5.000%, 06/01/25............................. 4,500 5,235,345
Washington Metropolitan Area Transit Authority
(RB) Series B
5.000%, 07/01/26............................. 3,500 4,114,180
5.000%, 07/01/27............................. 8,100 9,632,115
-----------
TOTAL DISTRICT OF COLUMBIA....................... 33,019,662
-----------
FLORIDA -- (3.1%)
Board of Governors State University System of
Florida (RB) Series A
3.000%, 07/01/24............................. 2,580 2,639,856
City of Jacksonville (RB)
5.000%, 10/01/18............................. 315 319,212
City of Tallahassee Energy System Revenue (RB)
5.000%, 10/01/20............................. 250 268,012
Florida State (GO)
5.000%, 07/01/21............................. 7,000 7,633,780
5.000%, 07/01/24............................. 5,000 5,746,750
Florida State (GO) Series A (ST GTD)
5.000%, 06/01/27............................. 6,565 7,873,076
Florida State Board of Education (GO) Series A
5.000%, 06/01/19............................. 2,860 2,959,328
5.000%, 06/01/20............................. 4,000 4,245,800
5.000%, 06/01/23............................. 1,300 1,468,701
5.000%, 06/01/24............................. 1,400 1,606,486
Florida State Board of Education (GO) Series B
5.000%, 06/01/20............................. 6,400 6,793,280
5.000%, 06/01/23............................. 350 395,419
Florida State Board of Education (GO) Series C
5.000%, 06/01/20............................. 3,000 3,184,350
Florida State Board of Education (GO) Series D
5.000%, 06/01/22............................. 1,000 1,109,100
Orlando Utilities Commission (RB) Series C
5.250%, 10/01/22............................. 1,745 1,966,894
Peace River/Manasota Regional Water Supply
Authority (RB)
5.000%, 10/01/25............................. 2,030 2,349,157
Tampa Bay Water (RB)
5.000%, 10/01/19............................. 450 469,944
FACE
AMOUNT VALUE+
------ ------
(000)
FLORIDA -- (Continued)
Tampa Bay Water (RB) Series A
5.000%, 10/01/25............................. $ 2,850 $ 3,335,697
-----------
TOTAL FLORIDA.................................... 54,364,842
-----------
GEORGIA -- (3.4%)
City of Atlanta (GO)
5.000%, 12/01/19............................. 5,875 6,164,696
City of Atlanta Water & Wastewater Revenue (RB)
Series B
5.000%, 11/01/19............................. 1,700 1,778,455
Columbia County School District (GO) (ST AID
WITHHLDG)
5.000%, 04/01/20............................. 1,700 1,799,552
DeKalb County Water & Sewerage Revenue (RB)
Series B
5.250%, 10/01/24............................. 2,830 3,292,139
Georgia State (GO) Series A-1
5.000%, 02/01/22............................. 2,730 3,017,933
Georgia State (GO) Series C
5.000%, 10/01/21............................. 3,060 3,359,299
Georgia State (GO) Series C-1
5.000%, 07/01/23............................. 10,915 12,393,109
5.000%, 07/01/26............................. 9,200 10,948,552
Georgia State (GO) Series F
5.000%, 12/01/19............................. 6,000 6,296,820
Georgia State (GO) Series I
5.000%, 07/01/19............................. 4,490 4,656,759
5.000%, 07/01/20............................. 900 959,445
Gwinnett County School District (GO)
5.000%, 02/01/20............................. 1,700 1,791,902
5.000%, 02/01/20............................. 1,585 1,670,685
-----------
TOTAL GEORGIA.................................... 58,129,346
-----------
HAWAII -- (2.5%)
City & County of Honolulu (GO) Series B
5.000%, 08/01/20............................. 1,470 1,569,078
5.000%, 10/01/23............................. 200 226,900
5.000%, 10/01/24............................. 6,870 7,908,194
5.000%, 10/01/25............................. 4,925 5,760,674
Hawaii State (GO) Series EA
5.000%, 12/01/21............................. 850 934,890
Hawaii State (GO) Series EE
5.000%, 11/01/20............................. 515 552,976
Hawaii State (GO) Series EF
5.000%, 11/01/22............................. 2,240 2,508,173
Hawaii State (GO) Series EH
4.000%, 08/01/19............................. 1,110 1,139,681
Hawaii State (GO) Series ET
3.000%, 10/01/23............................. 3,710 3,843,375
Hawaii State (GO) Series EZ
5.000%, 10/01/21............................. 6,080 6,664,166
150
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
HAWAII -- (Continued)
Hawaii State (GO) Series FT
5.000%, 01/01/27.............................. $10,000 $11,850,700
-----------
TOTAL HAWAII....................................... 42,958,807
-----------
IOWA -- (0.1%)
City of Ankeny (GO) Series D
4.000%, 06/01/18.............................. 700 701,281
County of Black Hawk IA (GO) Series A
5.000%, 06/01/19.............................. 1,200 1,241,028
State of Iowa (RB) Series A (ETM)
5.000%, 06/01/18.............................. 275 275,726
-----------
TOTAL IOWA......................................... 2,218,035
-----------
KANSAS -- (1.4%)
City of Lenexa (GO) Series A
5.000%, 09/01/21.............................. 525 574,245
City of Wichita (GO) Series A
5.000%, 12/01/19.............................. 3,000 3,145,530
Johnson County (GO) Series B
3.000%, 09/01/22.............................. 2,260 2,336,139
Johnson County Unified School District No. 229
Blue Valley (GO) Series B
5.000%, 10/01/23.............................. 445 506,797
Johnson County Unified School District No. 232
(GO) Series A
5.000%, 09/01/20.............................. 2,550 2,723,885
Johnson County Unified School District No. 233
Olathe (GO) Series B
5.000%, 09/01/23.............................. 4,380 4,967,621
Kansas State Department of Transportation (RB)
Series A
5.000%, 09/01/21.............................. 3,250 3,555,955
Kansas State Department of Transportation (RB)
Series B
5.000%, 09/01/20.............................. 3,000 3,208,110
Saline County Unified School District No. 305
Salina (GO)
5.000%, 09/01/20.............................. 1,860 1,989,475
Sedgwick County Unified School District No. 260
(GO)
5.000%, 10/01/21.............................. 1,325 1,445,893
Wyandotte County Unified Government (GO) Series A
3.000%, 08/01/18.............................. 580 581,792
-----------
TOTAL KANSAS....................................... 25,035,442
-----------
KENTUCKY -- (0.8%)
Louisville & Jefferson County (GO) Series A
5.000%, 12/01/22.............................. 5,645 6,314,384
FACE
AMOUNT VALUE+
------ ------
(000)
KENTUCKY -- (Continued)
Louisville Water Co. (RB) Series A
4.000%, 11/15/21.............................. $ 1,215 $ 1,292,420
Louisville/Jefferson County Metropolitan
Government (GO)
5.000%, 12/01/19.............................. 1,250 1,309,637
Louisville/Jefferson County Metropolitan
Government (GO) Series A
5.000%, 12/01/20.............................. 5,155 5,537,965
-----------
TOTAL KENTUCKY..................................... 14,454,406
-----------
LOUISIANA -- (1.5%)
Louisiana State (GO) Series A
5.000%, 11/15/19.............................. 4,500 4,710,870
5.000%, 02/01/24.............................. 2,000 2,259,200
Louisiana State (GO) Series C
5.000%, 07/15/22.............................. 12,765 14,126,898
Louisiana State (GO) Series D-1
5.000%, 12/01/20.............................. 4,065 4,357,436
-----------
TOTAL LOUISIANA.................................... 25,454,404
-----------
MAINE -- (0.3%)
Maine State (GO) Series B
5.000%, 06/01/20.............................. 3,000 3,188,160
5.000%, 06/01/27.............................. 2,000 2,393,120
-----------
TOTAL MAINE........................................ 5,581,280
-----------
MARYLAND -- (9.2%)
Anne Arundel County (GO)
5.000%, 04/01/22.............................. 2,475 2,739,355
Baltimore County (GO)
5.000%, 08/01/21.............................. 1,980 2,161,883
5.000%, 08/01/22.............................. 400 445,680
3.000%, 11/01/24.............................. 1,000 1,035,290
5.000%, 11/01/27.............................. 2,175 2,626,030
5.000%, 03/01/28.............................. 4,000 4,843,360
Baltimore County (GO) Series B
5.000%, 08/01/24.............................. 5,800 6,677,076
Baltimore County (GO) Series C
4.000%, 09/01/18.............................. 2,410 2,428,461
Carroll County (GO)
4.000%, 11/01/18.............................. 2,890 2,923,206
5.000%, 11/01/19.............................. 2,300 2,407,893
5.000%, 11/01/20.............................. 5,450 5,853,245
Charles County (GO)
5.000%, 03/01/19.............................. 1,990 2,043,710
Charles County (GO) (ETM)
5.000%, 03/01/19.............................. 10 10,256
City of Baltimore (GO) Series B
5.000%, 10/15/19.............................. 7,330 7,663,735
5.000%, 10/15/21.............................. 2,500 2,738,475
5.000%, 10/15/22.............................. 8,060 8,994,073
Frederick County (GO) Series A
5.000%, 08/01/27.............................. 4,725 5,686,065
151
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
MARYLAND -- (Continued)
Harford County (GO)
5.000%, 09/15/19.............................. $ 1,545 $ 1,611,976
Howard County (GO) Series D
5.000%, 02/15/24.............................. 5,140 5,875,688
Maryland State (GO) Series B
5.000%, 03/01/19.............................. 4,680 4,806,313
5.000%, 08/01/19.............................. 2,500 2,598,475
5.000%, 08/01/26.............................. 10,000 11,868,700
Maryland State (GO) Series C
5.000%, 11/01/18.............................. 5,000 5,081,600
5.000%, 08/01/19.............................. 3,000 3,118,170
5.000%, 08/01/20.............................. 7,250 7,735,315
Montgomery County (GO) Series C
5.000%, 10/01/27.............................. 8,500 10,248,705
Montgomery County (GO) Series D
3.000%, 11/01/23.............................. 4,000 4,145,920
4.000%, 11/01/26.............................. 9,500 10,569,415
Prince George's County (GO) Series A
3.000%, 09/15/27.............................. 10,950 11,247,621
Prince George's County (GO) Series B
5.000%, 09/15/18.............................. 2,000 2,024,380
4.000%, 03/01/22.............................. 2,480 2,649,657
Prince George's County (GO) Series C
5.000%, 08/01/20.............................. 3,450 3,682,530
Queen Anne's County (GO)
5.000%, 11/15/19.............................. 1,805 1,891,839
University System of Maryland (RB) Series B
5.000%, 04/01/20.............................. 4,355 4,610,029
Washington Suburban Sanitary Commission (GO)
Series A
4.000%, 06/01/18.............................. 1,550 1,552,852
Worcester County (GO) Series B
4.000%, 08/01/21.............................. 2,000 2,117,340
------------
TOTAL MARYLAND..................................... 158,714,318
------------
MASSACHUSETTS -- (4.2%)
City of Boston (GO) Series A
5.000%, 03/01/20.............................. 3,270 3,455,703
City of Boston (GO) Series B
5.000%, 04/01/19.............................. 4,700 4,839,966
4.000%, 01/01/23.............................. 1,795 1,939,910
5.000%, 04/01/24.............................. 3,000 3,449,010
City of Cambridge (GO)
3.000%, 02/15/20.............................. 2,070 2,111,607
City of Springfield (GO) Series C (ST AID
WITHHLDG)
4.000%, 08/01/23.............................. 150 162,147
City of Woburn (GO)
4.000%, 09/01/22.............................. 350 376,331
Commonwealth of Massachusetts (GO) Series C
5.000%, 04/01/23.............................. 10,000 11,262,400
FACE
AMOUNT VALUE+
------ ------
(000)
MASSACHUSETTS -- (Continued)
Commonwealth of Massachusetts (GO) Series B
5.000%, 08/01/18.............................. $2,500 $ 2,520,500
5.250%, 08/01/21.............................. 5,000 5,495,050
Commonwealth of Massachusetts (GO) Series B (AGM)
5.250%, 09/01/24.............................. 3,700 4,306,319
Commonwealth of Massachusetts (GO) Series C
5.000%, 08/01/20.............................. 2,500 2,666,200
5.000%, 10/01/21.............................. 1,005 1,100,515
5.000%, 08/01/24.............................. 1,500 1,722,135
Commonwealth of Massachusetts (GO) Series C
(AMBAC)
5.500%, 12/01/23.............................. 3,500 4,079,355
Commonwealth of Massachusetts (GO) Series E
5.000%, 11/01/27.............................. 9,000 10,790,640
Massachusetts Bay Transportation Authority (RB)
Series B (NATL-RE)
5.500%, 07/01/24.............................. 3,020 3,559,010
Massachusetts Water Resources Authority (RB)
Series A
5.000%, 08/01/22.............................. 3,000 3,347,760
Massachusetts Water Resources Authority (RB)
Series B (AGM)
5.250%, 08/01/28.............................. 1,000 1,233,960
Town of Auburn (GO)
2.000%, 03/15/19.............................. 750 751,800
Town of Nantucket (GO)
3.000%, 10/01/22.............................. 1,115 1,151,840
Town of Wilmington (GO)
5.000%, 03/15/20.............................. 1,665 1,760,904
-----------
TOTAL MASSACHUSETTS................................ 72,083,062
-----------
MICHIGAN -- (0.9%)
Kentwood Public Schools (GO)
4.000%, 05/01/22.............................. 500 530,515
Michigan State (GO)
5.000%, 11/01/19.............................. 4,400 4,607,064
Michigan State (GO) Series A
5.000%, 05/01/25.............................. 2,000 2,321,940
Michigan State Comprehensive Transportation
Revenue (RB) (AGM)
5.250%, 05/15/21.............................. 1,000 1,091,250
Michigan State Trunk Line Revenue (RB)
5.000%, 11/15/18.............................. 5,000 5,086,300
University of Michigan (RB) Series A
4.000%, 04/01/23.............................. 1,000 1,083,390
-----------
TOTAL MICHIGAN..................................... 14,720,459
-----------
152
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
MINNESOTA -- (3.9%)
Bloomington Independent School District No. 271
(GO) Series A (SD CRED PROG)
5.000%, 02/01/20............................. $ 1,150 $ 1,210,743
City of Edina (GO) Series B
3.000%, 02/01/19............................. 305 307,904
City of State Cloud (GO) Series B
5.000%, 02/01/21............................. 1,275 1,376,362
Dakota County Community Development Agency (RB)
Series B (CNTY GTD)
5.000%, 01/01/23............................. 800 899,888
Elk River Independent School District No. 728
(GO) Series A (SD CRED PROG)
5.000%, 02/01/21............................. 5,000 5,390,500
Hennepin County (GO) Series C
5.000%, 12/01/26............................. 4,070 4,868,697
5.000%, 12/01/27............................. 5,800 7,028,440
Lakeville Minnesota Independent School District
No. 194 (GO) Series D (SD CRED PROG)
5.000%, 02/01/22............................. 4,000 4,403,640
Metropolitan Council (GO) Series C
5.000%, 03/01/26............................. 700 826,462
Minnesota State (GO)
5.000%, 08/01/18............................. 480 483,874
Minnesota State (GO) (ETM)
5.000%, 08/01/18............................. 5 5,039
Minnesota State (GO) Series A
5.000%, 10/01/20............................. 4,390 4,699,846
5.000%, 08/01/22............................. 3,000 3,341,310
Minnesota State (GO) Series B
5.000%, 08/01/20............................. 5,460 5,821,780
5.000%, 10/01/21............................. 4,660 5,102,886
Minnesota State (GO) Series E
2.000%, 08/01/19............................. 1,810 1,814,416
Minnesota State (GO) Series F
5.000%, 10/01/21............................. 12,025 13,167,856
Minnesota State (GO) Series K
5.000%, 11/01/19............................. 3,680 3,851,525
Morris Area Schools Independent School District
No. 2769 (GO) Series A (SD CRED PROG)
4.000%, 02/01/24............................. 1,125 1,217,914
Rochester Independent School District No. 535
(GO) Series A (SD CRED PROG)
3.000%, 02/01/22............................. 1,240 1,277,274
Saint Paul Public Library Agency (GO) Series C
5.000%, 03/01/20............................. 250 264,058
-----------
TOTAL MINNESOTA.................................. 67,360,414
-----------
FACE
AMOUNT VALUE+
------ ------
(000)
MISSISSIPPI -- (1.1%)
Mississippi State (GO) Series A
5.000%, 10/01/27.............................. $9,110 $10,849,646
Mississippi State (GO) Series F
5.000%, 11/01/21.............................. 7,750 8,495,782
-----------
TOTAL MISSISSIPPI.................................. 19,345,428
-----------
MISSOURI -- (1.3%)
Cass County Reorganized School District No. R-2
(GO) (ST AID DIR DEP)
5.000%, 03/01/21.............................. 1,000 1,081,560
City of Belton (GO) Series C
5.000%, 03/01/27.............................. 2,150 2,514,038
City of Kansas City (GO) Series A
4.000%, 02/01/22.............................. 1,150 1,227,027
5.000%, 02/01/23.............................. 3,955 4,438,182
Columbia School District (GO) Series B
5.000%, 03/01/23.............................. 1,120 1,266,227
5.000%, 03/01/24.............................. 4,100 4,707,907
North Kansas City School District No. 74 (GO)
(ST AID DIR DEP)
4.000%, 03/01/23.............................. 5,335 5,744,728
St. Charles Community College (GO)
3.000%, 02/15/20.............................. 2,245 2,287,341
-----------
TOTAL MISSOURI..................................... 23,267,010
-----------
MONTANA -- (--%)
City & County of Butte-Silver Bow (GO)
4.000%, 07/01/21.............................. 615 649,606
-----------
NEBRASKA -- (0.4%)
Douglas County School District No. 17 (GO)
4.000%, 12/15/26.............................. 2,260 2,512,080
Lancaster County School District 001 (GO)
5.000%, 01/15/21.............................. 2,470 2,659,869
Metropolitan Utilities District of Omaha (RB)
5.000%, 12/01/20.............................. 1,000 1,075,330
Omaha School District (GO)
4.000%, 12/15/19.............................. 1,365 1,411,369
-----------
TOTAL NEBRASKA..................................... 7,658,648
-----------
NEVADA -- (0.4%)
City of Henderson NV (GO)
5.000%, 06/01/21.............................. 490 532,321
Clark County (GO) Series A
5.000%, 07/01/19.............................. 1,725 1,788,860
5.000%, 07/01/25.............................. 2,700 3,136,293
153
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CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
NEVADA -- (Continued)
Nevada State (GO) Series A
5.000%, 08/01/19.............................. $1,825 $ 1,896,887
-----------
TOTAL NEVADA....................................... 7,354,361
-----------
NEW HAMPSHIRE -- (0.9%)
City of Dover (GO)
3.000%, 06/15/19.............................. 600 607,938
City of Nashua (GO)
4.000%, 07/15/19.............................. 5,350 5,491,882
4.000%, 07/15/20.............................. 2,720 2,843,787
New Hampshire State (GO) Series A
5.000%, 03/01/23.............................. 5,910 6,655,606
-----------
TOTAL NEW HAMPSHIRE................................ 15,599,213
-----------
NEW JERSEY -- (1.5%)
City of Hoboken (GO)
3.000%, 02/01/26.............................. 2,945 2,995,978
3.000%, 02/01/27.............................. 3,035 3,069,933
3.000%, 02/01/28.............................. 4,560 4,579,061
Essex County (GO) Series A
5.000%, 08/01/20.............................. 1,000 1,067,620
Livingston Township (GO)
3.000%, 01/15/21.............................. 350 357,763
Montville Township (GO)
3.000%, 10/01/25.............................. 505 522,332
Morris County (GO)
4.000%, 10/15/20.............................. 2,390 2,505,007
New Jersey Educational Facilities Authority (RB)
Series B
5.000%, 07/01/19.............................. 2,330 2,417,095
Princeton Regional School District (GO) (ST AID
WITHHLDG)
1.750%, 02/01/22.............................. 1,095 1,072,202
South Orange & Maplewood School District (GO)
(SCH BD RES FD)
3.000%, 03/01/22.............................. 350 357,119
Township of Parsippany-Troy Hills (GO)
2.000%, 09/15/22.............................. 4,100 4,012,465
Union County (GO) Series B
3.000%, 03/01/22.............................. 2,315 2,386,950
Union County (GO) Series B (ETM)
3.000%, 03/01/22.............................. 45 46,264
-----------
TOTAL NEW JERSEY................................... 25,389,789
-----------
NEW MEXICO -- (1.1%)
City of Albuquerque (GO) Series A
5.000%, 07/01/24.............................. 1,300 1,492,543
Farmington Municipal School District No. 5 (GO)
(ST AID WITHHLDG)
4.000%, 09/01/20.............................. 945 988,905
FACE
AMOUNT VALUE+
------ ------
(000)
NEW MEXICO -- (Continued)
Las Cruces School District No. 2 (GO) Series A
(ST AID WITHHLDG)
4.000%, 08/01/19.............................. $ 1,000 $ 1,026,110
4.000%, 08/01/20.............................. 125 130,632
New Mexico State Severance Tax Permanent Fund
(RB) Series A
5.000%, 07/01/19.............................. 2,000 2,071,920
5.000%, 07/01/27.............................. 2,000 2,380,100
New Mexico State Severance Tax Permanent Fund
(RB) Series B
4.000%, 07/01/20.............................. 4,100 4,278,924
Santa Fe County (GO)
5.000%, 07/01/22.............................. 1,000 1,111,640
Santa Fe Public School District (GO) (ST AID
WITHHLDG)
5.000%, 08/01/20.............................. 3,270 3,488,894
5.000%, 08/01/24.............................. 2,000 2,289,940
-----------
TOTAL NEW MEXICO................................... 19,259,608
-----------
NEW YORK -- (4.8%)
Brewster Central School District (GO) (ST AID
WITHHLDG)
2.000%, 10/01/19.............................. 1,000 1,002,910
City of New York (GO) Series A
5.000%, 08/01/24.............................. 860 984,674
5.000%, 08/01/26.............................. 5,000 5,873,250
City of New York (GO) Series B
5.000%, 08/01/19.............................. 600 623,634
5.000%, 08/01/21.............................. 450 490,595
5.000%, 08/01/22.............................. 600 666,972
City of New York (GO) Series C
5.000%, 08/01/20.............................. 5,625 5,998,950
City of New York (GO) Series D
5.000%, 08/01/22.............................. 1,055 1,172,759
City of New York (GO) Series E
5.000%, 08/01/21.............................. 3,975 4,333,585
5.000%, 08/01/23.............................. 6,000 6,780,420
City of New York (GO) Series G
5.000%, 08/01/19.............................. 3,500 3,637,865
New York State Dormitory Authority (RB) Series A
3.000%, 07/01/20.............................. 1,615 1,652,468
5.000%, 03/15/23.............................. 200 225,424
New York State Dormitory Authority (RB) Series B
5.000%, 02/15/22.............................. 10,200 11,247,336
5.000%, 02/15/24.............................. 4,900 5,578,601
New York State Dormitory Authority (RB) Series C
5.000%, 03/15/19.............................. 825 847,943
New York State Dormitory Authority (RB) Series D
5.000%, 02/15/24.............................. 9,950 11,327,975
154
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
NEW YORK -- (Continued)
New York State Dormitory Authority (RB) Series E
5.000%, 03/15/21.............................. $2,000 $ 2,164,720
New York State Urban Development Corp. (RB)
Series A
5.000%, 03/15/19.............................. 1,630 1,675,330
5.000%, 03/15/25.............................. 3,440 3,977,294
New York State Urban Development Corp. (RB)
Series C
5.000%, 12/15/18.............................. 4,225 4,311,275
Penfield Central School District (GO) (ASSURED
GTY) (ST AID WITHHLDG)
3.750%, 06/15/19.............................. 150 153,276
Sachem Central School District (GO) (ST AID
WITHHLDG)
5.000%, 10/15/19.............................. 1,300 1,359,566
Town of Cheektowaga (GO)
5.000%, 07/15/23.............................. 300 339,810
Town of Huntington (GO)
2.000%, 12/01/23.............................. 100 98,695
Triborough Bridge & Tunnel Authority (RB)
4.000%, 11/15/27.............................. 1,250 1,398,075
Triborough Bridge & Tunnel Authority (RB) Series
B
5.000%, 11/15/20.............................. 4,000 4,300,440
-----------
TOTAL NEW YORK..................................... 82,223,842
-----------
NORTH CAROLINA -- (5.1%)
City of Charlotte (GO) Series A
5.000%, 07/01/18.............................. 4,380 4,403,477
City of Charlotte Water & Sewer System Revenue
(RB)
5.000%, 07/01/19.............................. 2,000 2,072,640
City of Raleigh (GO) Series A
5.000%, 09/01/22.............................. 2,685 3,003,280
Forsyth County (GO)
4.000%, 12/01/21.............................. 3,500 3,729,425
Guilford County (GO) Series A
5.000%, 02/01/22.............................. 1,800 1,989,846
Guilford County (GO) Series B
5.000%, 05/01/24.............................. 5,000 5,752,250
Johnston County (GO)
4.000%, 02/01/20.............................. 3,735 3,872,336
Johnston County (GO) Series A
5.000%, 02/01/21.............................. 2,995 3,233,911
Moore County (GO)
5.000%, 06/01/22.............................. 2,740 3,036,687
New Hanover County (GO)
4.000%, 08/01/19.............................. 2,280 2,342,677
5.000%, 02/01/23.............................. 250 281,623
FACE
AMOUNT VALUE+
------ ------
(000)
NORTH CAROLINA -- (Continued)
North Carolina Eastern Municipal Power Agency (RB)
Series B (NATL-IBC) (ETM)
6.000%, 01/01/22............................. $9,700 $10,950,136
North Carolina State (GO) Series B
5.000%, 06/01/25............................. 8,000 9,369,600
North Carolina State (GO) Series C
5.000%, 05/01/20............................. 3,270 3,470,386
5.000%, 05/01/21............................. 4,625 5,029,502
North Carolina State (GO) Series D
4.000%, 06/01/21............................. 5,000 5,300,350
4.000%, 06/01/23............................. 8,700 9,448,722
North Carolina State (GO) Series E
5.000%, 05/01/19............................. 5,000 5,160,450
Wake County (GO)
5.000%, 09/01/21............................. 1,450 1,588,953
Wake County (GO) Series C
5.000%, 03/01/24............................. 3,000 3,443,040
-----------
TOTAL NORTH CAROLINA..................................... 87,479,291
-----------
OHIO -- (5.3%)
City of Cincinnati (GO) Series A
4.000%, 12/01/21............................. 2,645 2,810,841
City of Cincinnati (GO) Series C
5.000%, 12/01/19............................. 2,955 3,099,293
City of Columbus (GO) Series 1
5.000%, 07/01/22............................. 4,100 4,569,860
City of Columbus (GO) Series A
2.000%, 08/15/20............................. 3,285 3,289,336
3.000%, 07/01/21............................. 470 483,165
3.000%, 07/01/22............................. 700 721,308
2.000%, 08/15/22............................. 6,160 6,063,165
4.000%, 07/01/23............................. 4,995 5,411,183
4.000%, 04/01/27............................. 8,800 9,759,640
Hamilton County Sewer System Revenue (RB) Series A
5.000%, 12/01/21............................. 200 219,612
Ohio Higher Educational Facility Commission (RB)
(currency) 5.250%, 07/01/44 (Pre-refunded @ $100,
7/1/20)...................................... 1,875 2,002,125
Ohio State (GO)
5.000%, 09/01/19............................. 6,000 6,252,780
Ohio State (GO) Series A
5.000%, 09/01/19............................. 550 573,172
5.000%, 05/01/20............................. 1,555 1,646,838
3.000%, 02/01/22............................. 500 514,665
5.000%, 08/01/22............................. 4,005 4,453,760
5.000%, 08/01/22............................. 3,000 3,336,150
5.000%, 09/15/22............................. 500 557,345
5.000%, 09/15/22............................. 250 278,673
5.000%, 09/01/25............................. 5,550 6,482,011
Ohio State (GO) Series B
5.000%, 08/01/19............................. 200 207,928
155
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
OHIO -- (Continued)
5.000%, 09/15/19.............................. $2,065 $ 2,154,518
5.000%, 08/01/20.............................. 3,020 3,218,716
5.000%, 06/15/21.............................. 1,500 1,631,130
5.000%, 06/15/22.............................. 4,000 4,438,680
Ohio State (GO) Series C
5.000%, 09/15/21.............................. 1,000 1,093,150
5.000%, 09/15/21.............................. 4,500 4,919,175
5.000%, 08/01/27.............................. 6,880 8,235,429
Upper Arlington City School District (GO) Series
A
5.000%, 12/01/27.............................. 3,190 3,856,582
-----------
TOTAL OHIO......................................... 92,280,230
-----------
OKLAHOMA -- (0.1%)
City of Oklahoma City (GO)
5.000%, 03/01/19.............................. 1,310 1,344,807
-----------
OREGON -- (1.7%)
City of Portland (GO) Series B
4.000%, 06/01/20.............................. 935 975,439
City of Portland Sewer System Revenue (RB)
Series A
5.000%, 06/15/26.............................. 1,550 1,824,397
City of Portland Water System Revenue (RB)
Series A
5.000%, 04/01/21.............................. 8,000 8,680,640
Clackamas County School District No. 46 Oregon
Trail (GO) (SCH BD GTY)
5.000%, 06/15/22.............................. 1,215 1,350,788
Deschutes County Administrative School District
No. 1 Bend-La Pine (GO) (SCH BD GTY)
5.000%, 06/15/27.............................. 4,680 5,594,940
Lane County School District No. 4J Eugene (GO)
Series A (SCH BD GTY)
5.000%, 06/15/23.............................. 3,355 3,788,298
Oregon State (GO) Series A
5.000%, 05/01/21.............................. 200 217,248
Oregon State (GO) Series G
5.000%, 12/01/24.............................. 2,290 2,648,889
Oregon State Department of Transportation (RB)
Series B
5.000%, 11/15/26.............................. 3,500 4,168,815
Portland Community College District (GO)
5.000%, 06/15/18.............................. 760 762,994
-----------
TOTAL OREGON....................................... 30,012,448
-----------
PENNSYLVANIA -- (1.3%)
Commonwealth of Pennsylvania (GO)
5.000%, 07/01/18.............................. 1,500 1,507,845
FACE
AMOUNT VALUE+
------ ------
(000)
PENNSYLVANIA -- (Continued)
Commonwealth of Pennsylvania (GO) Series 1
5.000%, 04/01/22............................. $11,260 $12,329,587
Monroe County (GO)
4.000%, 12/15/18............................. 400 405,540
Montgomery County (GO)
5.000%, 05/01/23............................. 5,255 5,926,484
Pennsylvania Economic Development Financing
Authority (RB) Series A
5.000%, 07/01/19............................. 1,300 1,346,592
West View Municipal Authority Water Revenue (RB)
4.000%, 11/15/20............................. 1,100 1,148,015
-----------
TOTAL PENNSYLVANIA............................... 22,664,063
-----------
RHODE ISLAND -- (1.5%)
Rhode Island State (GO) Series A
5.000%, 08/01/19............................. 8,000 8,315,120
5.000%, 08/01/22............................. 1,605 1,782,096
Rhode Island State (GO) Series C
5.000%, 08/01/19............................. 9,185 9,546,797
5.000%, 08/01/20............................. 4,870 5,188,254
Rhode Island State (GO) Series D
5.000%, 08/01/22............................. 685 760,583
-----------
TOTAL RHODE ISLAND............................... 25,592,850
-----------
SOUTH CAROLINA -- (3.0%)
Beaufort County (GO) Series C (ST AID WITHHLDG)
5.000%, 03/01/22............................. 3,485 3,850,960
Berkeley County School District (GO) Series B
(SCSDE)
5.000%, 03/01/22............................. 4,120 4,549,428
Charleston County (GO) Series A
5.000%, 11/01/22............................. 4,780 5,356,659
Charleston County School District (GO) Series A
(SCSDE)
5.000%, 02/01/21............................. 2,020 2,180,024
City of Charleston SC Waterworks & Sewer System
Revenue (RB)
5.000%, 01/01/20............................. 1,805 1,897,398
City of North Charleston (GO) (ST AID WITHHLDG)
5.000%, 06/01/21............................. 385 418,972
Clemson University (RB)
3.000%, 05/01/21............................. 350 358,897
Dorchester County School District No. 2 (GO)
Series B (SCSDE)
5.000%, 03/01/25............................. 1,430 1,657,041
Florence School District One (GO) (SCSDE)
5.000%, 03/01/20............................. 3,335 3,521,293
5.000%, 03/01/21............................. 3,170 3,426,707
156
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
SOUTH CAROLINA -- (Continued)
Lexington & Richland School District No. 5 (GO)
(SCSDE)
5.000%, 03/01/19............................. $ 945 $ 970,430
Richland County School District No. 1 (GO)
Series A (SCSDE)
5.000%, 03/01/20............................. 5,480 5,786,113
Richland County School District No. 2 (GO)
Series A (SCSDE)
5.000%, 02/01/21............................. 2,085 2,250,174
South Carolina State (GO) Series A
5.000%, 06/01/19............................. 2,500 2,584,375
South Carolina State (GO) Series A (ST AID
WITHHLDG)
5.000%, 10/01/23............................. 5,500 6,266,810
York County (GO) (ST AID WITHHLDG)
5.000%, 04/01/20............................. 1,900 2,010,903
York County School District No. 1 (GO) (SCSDE)
5.000%, 03/01/21............................. 3,790 4,094,754
-----------
TOTAL SOUTH CAROLINA............................. 51,180,938
-----------
TENNESSEE -- (3.1%)
City of Clarksville Water Sewer & Gas Revenue
(RB)
5.000%, 02/01/20............................. 3,150 3,317,485
City of Johnson City (GO)
3.000%, 06/01/19............................. 875 886,559
City of Maryville (GO) Series A
5.000%, 06/01/22............................. 1,865 2,067,707
City of Memphis (GO) Series A
5.000%, 11/01/22............................. 9,695 10,842,500
5.000%, 04/01/25............................. 1,945 2,255,967
City of Pigeon Forge (GO)
4.000%, 06/01/21............................. 670 709,007
Hamilton County (GO) Series B
3.000%, 03/01/22............................. 4,550 4,698,193
Knox County (GO)
5.000%, 06/01/20............................. 2,585 2,747,674
Maury County (GO)
5.000%, 04/01/21............................. 5,105 5,524,274
Maury County (GO) Series B
5.000%, 04/01/19............................. 1,000 1,029,510
Metropolitan Government of Nashville & Davidson
County (GO)
5.000%, 07/01/22............................. 1,000 1,111,220
Metropolitan Government of Nashville & Davidson
County (GO) Series A
5.000%, 01/01/20............................. 1,100 1,155,748
Putnam County (GO)
4.000%, 04/01/23............................. 975 1,051,109
Shelby County (GO) Series A
5.000%, 04/01/20............................. 7,000 7,407,190
FACE
AMOUNT VALUE+
------ ------
(000)
TENNESSEE -- (Continued)
Sumner County (GO)
5.000%, 06/01/21............................. $ 110 $ 119,672
Tennessee State (GO) Series A
4.000%, 09/01/18............................. 3,325 3,350,902
Tennessee State (GO) Series B
5.000%, 08/01/20............................. 1,945 2,077,863
Town of Greeneville (GO)
3.000%, 06/01/21............................. 1,360 1,394,258
Williamson County (GO) Series A
4.000%, 05/01/22............................. 300 321,387
Wilson County (GO) Series B
4.000%, 04/01/20............................. 1,040 1,081,049
-----------
TOTAL TENNESSEE.......................................... 53,149,274
-----------
TEXAS -- (14.4%)
Aldine Independent School District (GO) (PSF-GTD)
5.000%, 02/15/25............................. 4,750 5,477,177
Austin Independent School District (GO) (PSF-GTD)
5.000%, 08/01/20............................. 350 372,873
City of Arlington (GO) Series A
3.000%, 08/15/20............................. 1,700 1,736,244
City of Austin (GO)
5.000%, 09/01/20............................. 1,655 1,769,807
City of Dallas (GO)
5.000%, 02/15/21............................. 9,505 10,206,754
City of Denton (GO)
4.000%, 02/15/22............................. 2,510 2,671,318
City of El Paso (GO)
5.000%, 08/15/19............................. 3,505 3,647,338
City of Fort Worth (GO) Series A
5.000%, 03/01/25............................. 5,000 5,749,800
City of Fort Worth Water & Sewer System (RB)
5.000%, 02/15/19............................. 400 410,224
City of Houston (GO) Series A
5.000%, 03/01/21............................. 3,100 3,339,506
5.000%, 03/01/22............................. 5,890 6,467,456
City of Houston Combined Utility System Revenue (RB)
(ASSURED GTY)
(currency) 5.375%, 11/15/38 (Pre-refunded @ $100,
5/15/19)..................................... 4,735 4,902,998
City of Lubbock (GO)
5.000%, 02/15/19............................. 3,000 3,075,000
5.000%, 02/15/23............................. 1,000 1,119,260
City of Richardson (GO)
5.000%, 02/15/27............................. 1,715 2,030,457
City of San Antonio (GO)
5.000%, 02/01/20............................. 1,000 1,054,060
City of San Antonio Electric & Gas Systems Revenue (RB)
5.000%, 02/01/21............................. 720 775,836
5.000%, 02/01/21............................. 3,000 3,232,650
157
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
TEXAS -- (Continued)
City of San Antonio Electric & Gas Systems Revenue (RB)
Series D
5.000%, 02/01/19............................. $ 400 $ 409,748
City of Southlake (GO)
3.000%, 02/15/23............................. 1,510 1,558,305
Clear Creek Independent School District (GO) Series A
(PSF-GTD)
5.000%, 02/15/25............................. 2,175 2,509,450
Cypress-Fairbanks Independent School District (GO)
(PSF-GTD)
5.000%, 02/15/21............................. 3,500 3,775,135
Dallas Area Rapid Transit (RB) Series B
5.000%, 12/01/21............................. 2,545 2,793,621
Dallas Independent School District (GO) (PSF-GTD)
5.000%, 02/15/19............................. 3,480 3,567,835
El Paso Independent School District (GO) (PSF-GTD)
5.000%, 08/15/24............................. 500 572,905
Galveston County (GO)
5.000%, 02/01/22............................. 1,000 1,099,390
Grayson County (GO)
5.000%, 01/01/21............................. 1,990 2,132,802
Harris County (GO) Series A
4.000%, 10/01/18............................. 880 888,184
5.000%, 10/01/19............................. 4,345 4,536,310
5.000%, 10/01/19............................. 3,500 3,654,105
Harris County Metropolitan Transit Authority (RB) Series
B (ETM)
4.000%, 11/01/18............................. 400 404,396
Hays Consolidated Independent School District (GO)
(PSF-GTD)
5.000%, 08/15/23............................. 1,355 1,532,464
Hidalgo County Drain District No. 1 (GO)
5.000%, 09/01/22............................. 1,000 1,108,040
Highland Park Independent School District (GO) (PSF-GTD)
5.000%, 02/15/20............................. 1,790 1,885,318
Houston Higher Education Finance Corp. (RB) Series A
(currency) 6.875%, 05/15/41 (Pre-refunded @ $100,
5/15/21)..................................... 3,225 3,662,374
Humble Independent School District (GO) Series A
(PSF-GTD)
2.000%, 02/15/19............................. 100 100,193
5.500%, 02/15/25............................. 7,000 8,307,810
Katy Independent School District (GO) Series A (PSF-GTD)
5.000%, 02/15/20............................. 3,820 4,023,415
La Porte Independent School District (GO)
5.000%, 02/15/21............................. 1,700 1,831,733
FACE
AMOUNT VALUE+
------ ------
(000)
TEXAS -- (Continued)
Lake Travis Independent School District (GO)
(PSF-GTD)
5.000%, 02/15/20.............................. $ 3,480 $ 3,665,310
Mansfield Independent School District (GO)
5.000%, 02/15/20.............................. 1,000 1,054,880
Mansfield Independent School District (GO)
Series A (PSF-GTD)
5.000%, 02/15/22.............................. 895 987,588
North Texas Municipal Water District Water
System Revenue (RB)
5.000%, 09/01/24.............................. 5,715 6,539,332
Northside Independent School District (GO)
(PSF-GTD)
5.000%, 02/15/23.............................. 4,535 5,078,021
5.000%, 08/15/25.............................. 1,880 2,185,782
Northside Independent School District (GO)
Series A (PSF-GTD)
4.000%, 08/15/24.............................. 5,215 5,670,426
Northwest Independent School District (GO)
Series A (PSF-GTD)
5.000%, 02/15/24.............................. 1,695 1,927,774
Permanent University Fund (RB)
5.000%, 07/01/23.............................. 3,500 3,966,655
Permanent University Fund - University of Texas
System (RB) Series B
5.000%, 07/01/26.............................. 5,500 6,496,160
Plano Independent School District (GO) (PSF-GTD)
5.000%, 02/15/24.............................. 11,000 12,504,250
San Antonio Independent School District (GO)
(PSF-GTD)
5.000%, 02/15/20.............................. 4,100 4,318,325
Spring Independent School District (GO) (BAM)
5.000%, 08/15/24.............................. 4,985 5,683,797
Spring Independent School District (GO) (PSF-GTD)
5.000%, 08/15/19.............................. 5,000 5,201,100
Tarrant Regional Water District (RB)
6.000%, 09/01/24.............................. 3,450 4,164,012
Texas A&M University (RB) Series B
5.000%, 05/15/21.............................. 4,000 4,349,280
Texas State (GO)
5.000%, 04/01/19.............................. 4,500 4,631,535
5.000%, 04/01/23.............................. 10,000 11,257,500
5.000%, 10/01/23.............................. 15,345 17,425,629
5.000%, 04/01/25.............................. 1,000 1,160,560
Texas State (GO) Series A
5.000%, 10/01/19.............................. 1,900 1,983,657
158
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
TEXAS -- (Continued)
Texas Transportation Commission State Highway
Fund (RB)
5.250%, 04/01/26............................. $ 300 $ 358,185
5.000%, 10/01/26............................. 4,340 5,136,911
Texas Transportation Commission State Highway
Fund (RB) Series A
5.000%, 04/01/19............................. 5,000 5,148,900
5.000%, 04/01/20............................. 7,900 8,351,880
Trinity River Authority Central Regional
Wastewater System Revenue (RB)
5.000%, 08/01/27............................. 3,150 3,756,312
University of Texas System (The) (RB) Series J
5.000%, 08/15/25............................. 2,500 2,928,400
5.000%, 08/15/26............................. 1,500 1,781,505
Via Metropolitan Transit (RB)
5.000%, 07/15/20............................. 2,495 2,656,551
------------
TOTAL TEXAS...................................... 248,762,508
------------
UTAH -- (1.0%)
North Davis County Sewer District (RB)
3.000%, 03/01/21............................. 2,135 2,189,272
Utah State (GO)
5.000%, 07/01/22............................. 11,285 12,578,261
Utah State (GO) Series C
5.000%, 07/01/19............................. 1,100 1,140,854
Washington County School District Board of
Education (GO) (SCH BD GTY)
5.000%, 03/01/20............................. 2,135 2,251,485
------------
TOTAL UTAH....................................... 18,159,872
------------
VERMONT -- (0.2%)
Vermont State (GO) Series B
5.000%, 08/15/23............................. 1,270 1,445,133
Vermont State (GO) Series C
4.000%, 08/15/23............................. 225 244,865
Vermont State (GO) Series F
5.000%, 08/15/20............................. 1,100 1,177,440
------------
TOTAL VERMONT.................................... 2,867,438
------------
VIRGINIA -- (3.3%)
City of Hampton (GO) Series B (ST AID WITHHLDG)
5.000%, 09/01/21............................. 3,000 3,285,450
5.000%, 09/01/22............................. 2,050 2,291,203
City of Lynchburg (GO)
5.000%, 02/01/20............................. 1,390 1,464,407
City of Newport News (GO) Series A
2.000%, 07/15/18............................. 515 515,324
FACE
AMOUNT VALUE+
------ ------
(000)
VIRGINIA -- (Continued)
City of Norfolk (GO) Series C (ST AID WITHHLDG)
5.000%, 10/01/19............................. $2,505 $ 2,615,646
City of Richmond (GO) Series A (ST AID WITHHLDG)
5.000%, 03/01/21............................. 1,370 1,481,340
City of Richmond (GO) Series B
5.000%, 07/15/25............................. 5,350 6,230,236
City of Richmond (GO) Series B (ST AID WITHHLDG)
5.000%, 07/15/26............................. 3,635 4,284,393
City of Roanoke (GO) (ST AID WITHHLDG)
4.000%, 04/01/20............................. 1,000 1,039,850
Commonwealth of Virginia (GO) Series B
4.000%, 06/01/23............................. 2,500 2,711,400
Fairfax County (GO) Series A (ST AID WITHHLDG)
5.000%, 10/01/19............................. 2,500 2,611,150
5.000%, 10/01/19............................. 3,880 4,052,505
Fairfax County (GO) Series C (ST AID WITHHLDG)
5.000%, 10/01/19............................. 6,925 7,232,885
Loudoun County (GO) Series A (ST AID WITHHLDG)
5.000%, 12/01/22............................. 4,000 4,489,120
Pittsylvania County (GO) (ST AID WITHHLDG)
5.000%, 02/01/21............................. 250 268,970
Spotsylvania County Water & Sewer System Revenue
(RB)
5.000%, 06/01/19............................. 2,885 2,983,003
University of Virginia (RB) Series B
5.000%, 08/01/21............................. 6,250 6,832,375
Virginia Resources Authority (RB) Series B
4.000%, 10/01/19............................. 2,000 2,061,420
Virginia Resources Authority (RB) Series D
5.000%, 11/01/20............................. 745 800,689
-----------
TOTAL VIRGINIA................................... 57,251,366
-----------
WASHINGTON -- (6.9%)
Benton County School District No. 400 Richland
(GO) (SCH BD GTY)
5.000%, 12/01/22............................. 4,705 5,262,919
City of Seattle (GO)
5.000%, 12/01/19............................. 1,500 1,574,205
5.000%, 12/01/20............................. 2,745 2,956,090
City of Seattle Drainage & Wastewater Revenue
(RB)
5.000%, 09/01/20............................. 3,665 3,920,121
5.000%, 07/01/27............................. 8,400 10,019,016
159
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
WASHINGTON -- (Continued)
City of Seattle Municipal Light & Power Revenue
(RB)
5.000%, 09/01/20............................. $ 350 $ 374,196
City of Seattle Municipal Light & Power Revenue
(RB) Series A
5.000%, 06/01/19............................. 1,525 1,576,972
5.000%, 06/01/22............................. 310 344,078
City of Seattle Water System Revenue (RB)
5.000%, 09/01/22............................. 6,000 6,695,400
Clark County School District No. 119
Battleground (GO) (SCH BD GTY)
4.000%, 12/01/21............................. 1,000 1,064,480
4.000%, 12/01/22............................. 2,630 2,825,646
County of Kitsap WA (GO)
5.000%, 06/01/21............................. 200 217,274
King County (GO)
5.000%, 01/01/21............................. 425 457,674
King County (GO) Series A
5.000%, 07/01/19............................. 1,110 1,151,225
5.000%, 07/01/20............................. 2,650 2,824,449
King County (GO) Series E
5.000%, 12/01/19............................. 1,300 1,364,311
5.000%, 12/01/25............................. 955 1,121,800
King County School District No. 403 Renton (GO)
(SCH BD GTY)
5.000%, 12/01/19............................. 1,150 1,205,971
King County School District No. 405 Bellevue
(GO) (SCH BD GTY)
5.000%, 12/01/18............................. 1,500 1,528,185
King County School District No. 411 Issaquah
(GO) (SCH BD GTY)
5.000%, 12/01/23............................. 3,500 3,992,205
King County School District No. 412 (GO) (SCH BD
GTY)
4.000%, 12/01/21............................. 1,000 1,065,190
King County Sewer Revenue (RB) Series B
5.000%, 07/01/22............................. 1,000 1,111,640
North Thurston Public Schools (GO) (SCH BD GTY)
5.000%, 12/01/20............................. 2,880 3,097,699
Skagit County School District No. 103 (GO) (SCH
BD GTY)
5.000%, 12/01/19............................. 1,925 2,017,766
5.000%, 12/01/20............................. 2,245 2,415,889
Snohomish County Public Utility District No. 1
(RB)
5.000%, 12/01/19............................. 1,655 1,736,873
Snohomish County School District No. 15 Edmonds
(GO) (SCH BD GTY)
5.000%, 12/01/20............................. 2,555 2,748,132
FACE
AMOUNT VALUE+
------ ------
(000)
WASHINGTON -- (Continued)
Snohomish County School District No. 201
Snohomish (GO) (SCH BD GTY)
5.000%, 12/01/25............................. $4,000 $4,674,560
Snohomish County School District No. 6 Mukilteo
(GO) (SCH BD GTY)
5.000%, 12/01/18............................. 2,000 2,037,480
Spokane County (GO)
5.000%, 12/01/22............................. 1,025 1,146,545
Tacoma Metropolitan Park District (GO) Series B
5.000%, 12/01/21............................. 150 164,654
Thurston County School District No. 111 (GO)
(SCH BD GTY)
5.000%, 12/01/21............................. 425 467,292
University of Washington (RB) Series A
5.000%, 07/01/22............................. 6,505 7,236,682
Washington State (GO) Series 2010A
5.000%, 08/01/18............................. 500 504,060
Washington State (GO) Series 2013A
5.000%, 08/01/21............................. 225 245,669
Washington State (GO) Series A
5.000%, 08/01/23............................. 750 850,725
Washington State (GO) Series B
5.000%, 07/01/25............................. 1,500 1,747,725
Washington State (GO) Series D
5.000%, 02/01/19............................. 900 921,528
Washington State (GO) Series E
5.000%, 02/01/19............................. 2,000 2,047,840
Washington State (GO) Series R-2012C
4.000%, 07/01/21............................. 1,610 1,705,666
Washington State (GO) Series R-2012D
5.000%, 07/01/20............................. 5,000 5,323,650
Washington State (GO) Series R-2013A
5.000%, 07/01/21............................. 7,000 7,629,300
Washington State (GO) Series R-2015
5.000%, 07/01/18............................. 1,000 1,005,380
5.000%, 07/01/22............................. 3,720 4,138,426
Washington State (GO) Series R-2015C
5.000%, 07/01/20............................. 2,000 2,129,460
Washington State (GO) Series R-2015E
5.000%, 07/01/21............................. 5,000 5,449,500
Washington State (GO) Series R-C
5.000%, 07/01/19............................. 1,750 1,813,752
160
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
WASHINGTON -- (Continued)
Washington State (GO) Series R-D
5.000%, 07/01/23.............................. $3,800 $ 4,302,702
------------
TOTAL WASHINGTON................................... 120,212,002
------------
WEST VIRGINIA -- (0.6%)
Jefferson County Board of Education (GO) (WV BD
COMM)
4.000%, 05/01/20.............................. 130 135,118
West Virginia State (GO) Series A
5.000%, 06/01/19.............................. 9,525 9,850,660
------------
TOTAL WEST VIRGINIA................................ 9,985,778
------------
WISCONSIN -- (1.3%)
City of Milwaukee (GO) Series N1
5.000%, 02/01/19.............................. 6,220 6,364,553
City of Oshkosh (GO) Series B
3.000%, 12/01/23.............................. 445 459,805
Oregon School District (GO)
3.000%, 03/01/21.............................. 430 439,262
FACE
AMOUNT VALUE+
------ ------
(000)
WISCONSIN -- (Continued)
Sun Prairie Area School District (GO)
4.000%, 03/01/20............................. $ 570 $ 590,794
Wisconsin State (GO) Series 1 (AMBAC)
5.000%, 05/01/19............................. 2,150 2,218,348
Wisconsin State (GO) Series 2
5.000%, 11/01/20............................. 5,610 6,025,084
Wisconsin State (GO) Series 3
5.000%, 11/01/22............................. 3,110 3,483,760
Wisconsin State (GO) Series C
5.000%, 05/01/20............................. 3,295 3,494,908
--------------
TOTAL WISCONSIN.................................. 23,076,514
--------------
TOTAL MUNICIPAL BONDS............................ 1,731,200,139
--------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $1,752,341,146).......................... $1,731,200,139
==============
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
---------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- -------------- ------- --------------
Municipal Bonds............... -- $1,731,200,139 -- $1,731,200,139
-- -------------- -- --------------
TOTAL......................... -- $1,731,200,139 -- $1,731,200,139
== ============== == ==============
See accompanying Notes to Financial Statements.
161
DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
------ ------
(000)
MUNICIPAL BONDS -- (100.0%)
CALIFORNIA -- (100.0%)
Acton-Agua Dulce Unified School District (GO) Series A
(AGM)
(currency) 4.500%, 08/01/23............................. $ 850 $ 879,121
Alameda County Transportation Authority (RB)
5.000%, 03/01/20............................. 4,500 4,764,735
Anaheim Union High School District (GO)
5.000%, 08/01/19............................. 400 416,364
5.000%, 08/01/19............................. 7,200 7,494,552
Bay Area Toll Authority (RB)
5.000%, 04/01/19............................. 775 798,297
Bay Area Toll Authority (RB) Series F-1
(currency) 5.000%, 04/01/34 (Pre-refunded @ $100,
4/1/19)...................................... 1,000 1,030,060
(currency) 5.125%, 04/01/39 (Pre-refunded @ $100,
4/1/19)...................................... 8,125 8,378,419
(currency) 5.625%, 04/01/44 (Pre-refunded @ $100,
4/1/19)...................................... 14,075 14,577,618
Bay Area Toll Authority (RB) Series F-2
4.000%, 04/01/21............................. 500 530,350
Berkeley Unified School District (GO) Series A
4.000%, 08/01/19............................. 500 514,250
Berkeley Unified School District (GO) Series D
5.000%, 08/01/23............................. 295 337,285
Berryessa Union School District (GO) (AMBAC)
5.375%, 08/01/18............................. 380 383,599
Beverly Hills Unified School District (GO)
2.000%, 08/01/18............................. 750 750,893
California Educational Facilities Authority (RB) Series A
4.000%, 11/01/19............................. 850 877,761
California Health Facilities Financing Authority (RB)
(currency) 6.500%, 10/01/38 (Pre-refunded @ $100,
10/1/18)..................................... 22,630 23,070,832
(currency) 5.000%, 08/15/39 (Pre-refunded @ $100,
8/15/19)..................................... 11,190 11,656,063
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
California Health Facilities Financing Authority (RB)
Series A
(currency) 6.000%, 07/01/39 (Pre-refunded @ $100,
7/1/19)...................................... $ 6,100 $ 6,393,593
California Health Facilities Financing Authority (RB)
Series C
(currency) 6.500%, 10/01/33 (Pre-refunded @ $100,
10/1/18)..................................... 9,650 9,837,982
California Municipal Finance Authority
(currency) 5.500%, 02/01/39 (Pre-refunded @ $100,
2/1/19)...................................... 7,000 7,197,540
California Municipal Finance Authority (RB)
(currency) 5.875%, 10/01/34 (Pre-refunded @ $100,
10/1/18)..................................... 8,000 8,136,960
California State (GO)
5.000%, 08/01/18............................. 5,000 5,042,000
5.000%, 08/01/18............................. 2,200 2,218,480
5.000%, 08/01/18............................. 5,540 5,586,536
5.000%, 09/01/18............................. 250 252,810
5.000%, 09/01/18............................. 4,500 4,550,580
5.000%, 10/01/18............................. 9,500 9,632,905
5.000%, 10/01/18............................. 5,000 5,069,950
5.000%, 11/01/18............................. 2,000 2,033,640
5.000%, 02/01/19............................. 10,940 11,209,124
5.000%, 04/01/19............................. 5,960 6,138,085
5.500%, 04/01/19............................. 11,420 11,812,734
5.000%, 08/01/19............................. 2,340 2,433,647
5.000%, 08/01/19............................. 4,460 4,638,489
5.000%, 09/01/19............................. 1,000 1,042,540
5.000%, 10/01/19............................. 5,340 5,580,460
5.000%, 10/01/19............................. 1,500 1,567,545
5.000%, 10/01/19............................. 5,000 5,225,150
2.000%, 11/01/19............................. 8,000 8,027,040
5.000%, 11/01/19............................. 2,955 3,095,422
5.000%, 02/01/20............................. 12,870 13,572,573
5.000%, 04/01/20............................. 3,705 3,925,559
5.000%, 04/01/20............................. 325 344,347
5.000%, 08/01/20............................. 2,415 2,582,166
5.000%, 08/01/20............................. 3,985 4,260,842
5.000%, 09/01/20............................. 700 750,050
5.000%, 10/01/20............................. 3,410 3,661,556
5.000%, 10/01/20............................. 1,610 1,728,770
5.000%, 10/01/20............................. 1,580 1,696,557
5.000%, 10/01/20............................. 11,000 11,811,470
5.000%, 11/01/20............................. 8,000 8,608,160
162
DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
5.000%, 02/01/21............................. $ 650 $ 703,125
5.000%, 02/01/21............................. 1,575 1,703,725
5.000%, 04/01/21............................. 795 863,585
5.000%, 08/01/21............................. 8,060 8,824,330
5.000%, 09/01/21............................. 7,845 8,604,788
5.000%, 09/01/21............................. 1,570 1,722,054
5.000%, 09/01/21............................. 2,645 2,901,168
5.000%, 10/01/21............................. 5,300 5,823,905
5.000%, 12/01/21............................. 2,000 2,205,560
5.000%, 03/01/22............................. 1,075 1,191,229
5.000%, 04/01/22............................. 1,800 1,997,982
5.000%, 08/01/22............................. 2,250 2,514,712
5.000%, 08/01/22............................. 785 877,355
5.250%, 09/01/22............................. 5,750 6,495,832
5.250%, 10/01/22............................. 500 565,830
California State (GO) Series A
(currency) 5.250%, 07/01/21 (Pre-refunded @ $100,
7/1/19)...................................... 4,930 5,130,750
(currency) 5.250%, 07/01/21 (Pre-refunded @ $100,
7/1/19)...................................... 2,820 2,934,830
California State (GO) Series A (ETM)
4.600%, 07/01/19............................. 1,000 1,033,260
5.000%, 07/01/19............................. 6,955 7,218,247
California State (GO) Series B
5.000%, 09/01/18............................. 3,000 3,033,720
5.000%, 09/01/20............................. 3,600 3,857,400
5.000%, 09/01/21............................. 840 921,354
California State Department of Water Resources (RB)
Series AS
5.000%, 12/01/19............................. 2,070 2,176,398
5.000%, 12/01/22............................. 3,355 3,790,244
California State Department of Water Resources (RB)
Series AS (ETM)
5.000%, 12/01/22............................. 35 39,328
California State Department of Water Resources Power
Supply Revenue (RB) Series F-3
(currency) 5.000%, 05/01/21 (Pre-refunded @ $100,
5/1/18)...................................... 5,000 5,000,000
California State Department of Water Resources Power
Supply Revenue (RB) Series L
5.000%, 05/01/18............................. 2,680 2,680,000
5.000%, 05/01/19............................. 14,710 15,201,314
5.000%, 05/01/20............................. 2,575 2,737,508
(currency) 5.000%, 05/01/22 (Pre-refunded @ $100,
5/1/20)...................................... 2,500 2,655,750
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
California State Department of Water Resources Power
Supply Revenue (RB) Series M
5.000%, 05/01/18............................. $ 500 $ 500,000
4.000%, 05/01/19............................. 1,515 1,550,678
California State Department of Water Resources Power
Supply Revenue (RB) Series O
5.000%, 05/01/21............................. 12,855 14,030,333
California State Public Works Board (RB)
(currency) 6.375%, 11/01/34 (Pre-refunded @ $100,
11/1/19)..................................... 2,250 2,403,472
California State Public Works Board (RB) Series C
(currency) 6.250%, 04/01/34 (Pre-refunded @ $100,
4/1/19)...................................... 2,980 3,103,223
California State Public Works Board (RB) Series G-1
(currency) 5.750%, 10/01/30 (Pre-refunded @ $100,
10/1/19)..................................... 5,735 6,055,529
California State Public Works Board (RB) Series H (ETM)
5.000%, 09/01/21............................. 1,050 1,153,467
California State Public Works Board (RB) Series I-1
(currency) 6.125%, 11/01/29 (Pre-refunded @ $100,
11/1/19)..................................... 5,700 6,067,821
California State University (RB) Series A
5.000%, 11/01/18............................. 150 152,523
5.000%, 11/01/18............................. 1,000 1,016,820
5.000%, 11/01/18............................. 555 564,335
5.000%, 11/01/19............................. 3,660 3,837,803
5.000%, 11/01/19............................. 1,000 1,048,580
5.000%, 11/01/21............................. 2,595 2,865,010
(currency) 5.250%, 11/01/34 (Pre-refunded @ $100,
5/1/19)...................................... 9,275 9,601,109
(currency) 6.000%, 11/01/40 (Pre-refunded @ $100,
5/1/19)...................................... 2,000 2,084,080
California Statewide Communities Dev. Authority (RB)
(currency) 6.000%, 05/15/40 (Pre-refunded @ $100,
5/15/18)..................................... 11,435 11,452,496
(currency) 6.000%, 07/01/40 (Pre-refunded @ $100,
1/1/19)...................................... 6,135 6,307,393
(currency) 6.125%, 07/01/46 (Pre-refunded @ $100,
1/1/19)...................................... 2,570 2,644,350
163
DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
California Statewide Communities Dev. Authority (RB) (CA
MTG INS)
(currency) 5.750%, 08/15/38 (Pre-refunded @ $100,
8/15/18)..................................... $ 3,000 $ 3,035,040
California Statewide Communities Dev. Authority (RB)
(FHA INS)
(currency) 6.625%, 08/01/29 (Pre-refunded @ $100,
8/1/19)...................................... 2,225 2,355,029
Central Marin Sanitation Agency (RB)
3.000%, 09/01/19............................. 1,160 1,180,660
Chabot-Las Positas Community College District (GO)
4.000%, 08/01/22............................. 3,050 3,295,830
Chabot-Las Positas Community College District (GO)
Series A
3.000%, 08/01/18............................. 500 501,710
City & County of San Francisco (GO) Series A
4.000%, 06/15/18............................. 620 621,798
4.750%, 06/15/19............................. 650 672,029
5.000%, 06/15/20............................. 750 800,483
City & County of San Francisco (GO) Series R1
5.000%, 06/15/20............................. 865 923,223
5.000%, 06/15/21............................. 250 273,838
City of Berkeley (RN)
3.000%, 07/19/18............................. 9,000 9,026,190
City of Long Beach Harbor Revenue (RB) Series B
5.000%, 05/15/19............................. 815 843,183
City of Long Beach Harbor Revenue (RB) Series C
5.000%, 11/15/18............................. 26,960 27,432,609
City of Los Angeles (GO) Series A
5.000%, 09/01/20............................. 9,400 10,087,798
City of Los Angeles (GO) Series B
5.000%, 09/01/18............................. 7,000 7,078,680
5.000%, 09/01/21............................. 1,250 1,374,450
City of Los Angeles (RN)
5.000%, 06/28/18............................. 18,610 18,708,819
City of Los Angeles Department of Airports (RB) (BHAC-CR)
(currency) 5.250%, 05/15/38 (Pre-refunded @ $100,
5/15/18)..................................... 28,500 28,536,480
City of Los Angeles Wastewater System Revenue (RB)
Series A
(currency) 5.375%, 06/01/39 (Pre-refunded @ $100,
6/1/19)...................................... 17,000 17,667,760
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
City of Los Angeles Wastewater System Revenue (RB)
Series B
5.000%, 06/01/21............................. $ 1,400 $ 1,531,880
City of Pasadena Electric Revenue (RB) Series A
5.000%, 06/01/22............................. 385 429,075
City of Sacramento Unified School District (GO)
5.000%, 07/01/24............................. 1,375 1,585,471
City of San Francisco Public Utilities Commission
Wastewater Revenue (RB) Series A
5.000%, 10/01/18............................. 800 811,296
City of San Francisco Public Utilities Commission Water
Revenue (RB)
5.000%, 11/01/19............................. 5,920 6,209,370
5.000%, 11/01/20............................. 3,825 4,126,486
5.000%, 11/01/21............................. 1,800 1,989,234
4.000%, 11/01/22............................. 3,000 3,258,180
5.000%, 11/01/22............................. 500 564,435
5.000%, 11/01/23............................. 1,835 2,111,975
City of San Francisco Public Utilities Commission Water
Revenue (RB) Series A
(currency) 5.125%, 11/01/39 (Pre-refunded @ $100,
11/1/19)..................................... 9,000 9,448,290
City of Santa Rosa Wastewater Revenue (RB) Series A
5.000%, 09/01/21............................. 760 834,890
City of Torrance (RN)
2.000%, 07/05/18............................. 13,000 13,008,710
City of Tulare Sewer Revenue (RB) (AGM)
3.000%, 11/15/19............................. 200 203,710
Colton Joint Unified School District (GO) (AGM)
4.000%, 08/01/20............................. 1,000 1,046,860
Conejo Valley Unified School District (GO)
4.000%, 08/01/18............................. 700 704,095
Contra Costa Water District (RB) Series Q
5.000%, 10/01/18............................. 705 714,955
5.000%, 10/01/19............................. 1,345 1,407,314
Contra Costa Water District (RB) Series U
3.000%, 10/01/18............................. 450 452,880
5.000%, 10/01/19............................. 350 366,216
Desert Community College District (GO)
5.000%, 08/01/21............................. 665 729,824
Desert Sands Unified School District (GO)
4.000%, 08/01/18............................. 1,375 1,383,113
164
DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
Dixon Unified School District (GO)
2.000%, 08/01/18............................. $ 735 $ 735,875
Dublin Unified School District (GO)
5.000%, 02/01/19............................. 11,775 12,070,906
East Bay Regional Park District (GO) Series A
4.000%, 09/01/21............................. 210 224,303
East Side Union High School District (GO)
2.000%, 08/01/18............................. 1,215 1,215,996
2.000%, 08/01/20............................. 1,055 1,060,307
East Side Union High School District (GO) Series B
3.000%, 08/01/19............................. 4,000 4,065,320
East Whittier City School District (GO) Series A
2.000%, 08/01/18............................. 1,000 1,001,190
Eastern Municipal Water District (CP) Series H
(currency) 5.000%, 07/01/33 (Pre-refunded @ $100,
7/1/18)...................................... 3,495 3,514,153
El Rancho Unified School District (GO) (AGM)
4.000%, 08/01/20............................. 780 815,849
Fontana Unified School District (GO)
5.000%, 08/01/18............................. 3,140 3,166,847
5.000%, 08/01/19............................. 1,285 1,337,569
4.000%, 08/01/20............................. 3,620 3,795,353
4.000%, 08/01/21............................. 530 564,704
Foothill-De Anza Community College District (GO)
4.000%, 08/01/19............................. 550 565,741
Fort Bragg Unified School District (GO) (AGM)
(currency) 5.500%, 08/01/31 (Pre-refunded @ $100,
8/1/19)...................................... 500 522,955
Fremont Unified School District/ Alameda County (GO)
5.000%, 08/01/18............................. 750 756,263
Fremont Union High School District (GO)
5.000%, 08/01/20............................. 1,000 1,071,280
Gilroy Unified School District (GO) (AGM)
4.000%, 08/01/23............................. 1,900 2,074,477
Glendora Unified School District (GO)
4.000%, 08/01/18............................. 890 895,313
Grossmont Union High School District (GO)
4.000%, 08/01/20............................. 2,420 2,538,338
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
Kern County (CP) Series A (AGC)
(currency) 5.750%, 08/01/35 (Pre-refunded @ $100,
2/1/19)...................................... $ 520 $ 535,636
Lindsay Unified School District (GO) Series A (AGC)
(currency) 5.500%, 08/01/33 (Pre-refunded @ $100,
8/1/18)...................................... 1,510 1,524,118
Livermore Valley Joint Unified School District (GO)
5.000%, 08/01/20............................. 800 855,928
Los Altos Elementary School District (GO)
5.000%, 08/01/19............................. 975 1,014,887
4.000%, 08/01/21............................. 1,550 1,653,509
Los Angeles Community College District (GO)
5.000%, 08/01/21............................. 2,890 3,172,671
Los Angeles Community College District (GO) Series A
5.000%, 08/01/20............................. 10,000 10,710,600
5.000%, 08/01/21............................. 1,875 2,058,394
Los Angeles Community College District (GO) Series C
5.000%, 08/01/20............................. 1,025 1,097,837
Los Angeles Community College District (GO) Series F-1
(currency) 5.000%, 08/01/33 (Pre-refunded @ $100,
8/1/18)...................................... 3,375 3,402,844
Los Angeles Community College District (GO) Series G
5.000%, 08/01/23............................. 3,350 3,830,189
Los Angeles County Metropolitan Transportation Authority
(RB) Series A
5.000%, 07/01/18............................. 4,650 4,676,505
5.000%, 07/01/19............................. 4,000 4,158,000
5.000%, 07/01/20............................. 3,085 3,292,836
Los Angeles County Metropolitan Transportation Authority
(RB) Series B
5.000%, 07/01/18............................. 2,040 2,051,628
Los Angeles County Metropolitan Transportation Authority
(RB) Series C
5.000%, 07/01/21............................. 1,400 1,531,712
Los Angeles Department of Water (RB) Series B
5.000%, 07/01/19............................. 1,000 1,038,560
Los Angeles Department of Water & Power (RB) Series A
5.000%, 07/01/18............................. 2,375 2,388,371
5.000%, 07/01/18............................. 125 125,704
5.000%, 07/01/19............................. 4,230 4,393,616
165
DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
5.000%, 07/01/19.............................. $2,250 $2,337,030
5.000%, 07/01/21.............................. 2,000 2,193,980
5.000%, 07/01/21.............................. 1,750 1,919,732
Los Angeles Unified School District (GO) Series A
5.000%, 07/01/19.............................. 3,590 3,727,569
Los Angeles Unified School District (GO) Series A
4.000%, 07/01/18.............................. 1,000 1,003,870
5.000%, 07/01/19.............................. 5,530 5,741,910
5.000%, 07/01/19.............................. 4,000 4,153,280
5.000%, 07/01/21.............................. 3,500 3,837,190
Los Angeles Unified School District (GO) Series
A-2
5.000%, 07/01/21.............................. 2,200 2,411,948
Los Angeles Unified School District (GO) Series B
5.000%, 07/01/22.............................. 1,350 1,513,296
Los Angeles Unified School District (GO) Series
B-1
5.000%, 07/01/19.............................. 6,080 6,312,986
Los Angeles Unified School District (GO) Series C
5.000%, 07/01/20.............................. 1,895 2,026,001
5.000%, 07/01/22.............................. 5,560 6,232,538
5.000%, 07/01/23.............................. 2,000 2,285,540
Los Angeles Unified School District (GO) Series
KRY
5.000%, 07/01/19.............................. 3,390 3,519,905
Los Rios Community College District (GO) Series C
2.000%, 08/01/19.............................. 2,265 2,275,011
Los Rios Community College District (GO) Series F
2.000%, 08/01/19.............................. 2,740 2,752,111
2.000%, 08/01/20.............................. 2,365 2,377,416
Manhattan Beach Unified School District (GO)
Series A-MEASURE C
3.000%, 09/01/18.............................. 2,830 2,843,159
4.000%, 09/01/19.............................. 1,000 1,030,470
5.000%, 09/01/20.............................. 1,575 1,692,259
Manhattan Beach Unified School District (GO)
Series F
4.000%, 09/01/21.............................. 500 535,060
Metropolitan Water District of Southern
California (RB) Series C
5.000%, 07/01/19.............................. 3,000 3,116,040
Mount Diablo Unified School District (GO)
5.000%, 02/01/19.............................. 500 512,565
Municipal Improvement Corp. of Los Angeles (RB)
Series A
5.000%, 03/01/19.............................. 9,500 9,761,250
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
Napa Valley Unified School District (GO) Series B
3.000%, 08/01/18............................. $1,000 $1,003,440
New Haven Unified School District (GO)
2.000%, 08/01/18............................. 730 730,723
New Haven Unified School District (GO) (AGM)
4.000%, 08/01/19............................. 1,430 1,470,927
New Haven Unified School District (GO) Series B (BAM)
5.000%, 08/01/21............................. 3,100 3,400,111
Newhall School District (GO)
--%, 08/01/18................................ 6,995 6,965,551
Northern California Power Agency (RB) Series A
5.000%, 07/01/19............................. 1,000 1,038,680
Oakland Unified School District/ Alameda County (GO)
5.000%, 08/01/19............................. 1,000 1,040,910
Oceanside Community Facilities District (ST)
(currency) 6.250%, 09/01/38 (Pre-refunded @ $100,
9/1/18)...................................... 2,325 2,359,317
Orange County Sanitation District (RB) Series A
5.000%, 02/01/24............................. 5,295 6,094,227
Padre Dam Municipal Water District (CP) Series A
(currency) 5.250%, 10/01/34 (Pre-refunded @ $100,
10/1/19)..................................... 6,100 6,394,142
Palm Springs Unified School District (GO) Series D
2.000%, 08/01/18............................. 3,360 3,363,326
3.000%, 08/01/20............................. 2,185 2,241,002
Palomar Community College District (GO)
5.000%, 05/01/23............................. 715 813,241
Pasadena Unified School District (GO)
5.000%, 05/01/20............................. 550 584,821
Peralta Community College District (GO)
5.000%, 08/01/18............................. 1,000 1,008,420
5.000%, 08/01/19............................. 2,220 2,311,664
Peralta Community College District (GO) Series B
5.000%, 08/01/22............................. 1,845 2,066,049
Poway Unified School District (GO)
3.250%, 08/01/18............................. 1,350 1,355,751
Redwood City School District (GO)
4.000%, 08/01/19............................. 1,000 1,028,620
4.000%, 08/01/20............................. 450 472,208
166
DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
Riverside County (RN)
2.000%, 06/29/18............................. $12,700 $12,708,128
Rowland Unified School District (GO) Series B
5.000%, 08/01/18............................. 525 529,489
Sacramento Municipal Utility District (RB) Series X
5.000%, 08/15/21............................. 750 824,205
San Diego County Water Authority Financing Corp. (CP)
Series 2008 A-COPS (AGM)
(currency) 5.000%, 05/01/28 (Pre-refunded @ $100,
5/1/18)...................................... 5,810 5,810,000
(currency) 5.000%, 05/01/38 (Pre-refunded @ $100,
5/1/18)...................................... 1,500 1,500,000
San Diego County Water Authority Financing Corp. (RB)
5.000%, 05/01/20............................. 1,385 1,473,820
5.000%, 05/01/21............................. 550 600,457
San Diego Public Facilities Financing Authority Sewer
Revenue (RB)
5.000%, 05/15/22............................. 4,425 4,951,840
San Diego Public Facilities Financing Authority Sewer
Revenue (RB) Series A
5.000%, 05/15/18............................. 350 350,431
(currency) 5.000%, 05/15/22 (Pre-refunded @ $100,
5/15/19)..................................... 1,695 1,751,664
(currency) 5.250%, 05/15/24 (Pre-refunded @ $100,
5/15/20)..................................... 1,235 1,318,264
(currency) 5.250%, 05/15/39 (Pre-refunded @ $100,
5/15/19)..................................... 3,500 3,627,785
San Diego Public Facilities Financing Authority Sewer
Revenue (RB) Series B
5.000%, 05/15/18............................. 3,650 3,654,489
(currency) 5.000%, 05/15/20 (Pre-refunded @ $100,
5/15/19)..................................... 2,400 2,481,480
San Diego Public Facilities Financing Authority Water
Revenue (RB) Series A (ETM)
5.000%, 08/01/18............................. 1,260 1,270,395
San Diego Public Facilities Financing Authority Water
Revenue (RB) Series B
(currency) 5.000%, 08/01/20 (Pre-refunded @ $100,
8/1/19)...................................... 1,045 1,086,560
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
San Diego Unified School District (GO) Series H-2
5.000%, 07/01/19.............................. $10,170 $10,559,714
San Diego Unified School District (GO) Series R-3
5.000%, 07/01/23.............................. 2,000 2,285,540
San Diego Unified School District (RAN) Series A
3.000%, 06/29/18.............................. 15,730 15,764,134
San Francisco Bay Area Rapid Transit District
(GO) Series C
4.000%, 08/01/19.............................. 300 308,736
San Francisco Bay Area Rapid Transit District
(RB)
4.000%, 07/01/18.............................. 1,000 1,003,770
San Francisco Community College District (GO)
5.000%, 06/15/18.............................. 6,000 6,024,420
5.000%, 06/15/19.............................. 1,625 1,685,661
5.000%, 06/15/20.............................. 2,700 2,881,737
5.000%, 06/15/22.............................. 2,000 2,234,400
San Francisco Community College District (GO)
Series C
4.000%, 06/15/18.............................. 485 486,397
San Francisco County Transportation Authority
(RB)
3.000%, 02/01/20.............................. 5,000 5,109,600
San Francisco Unified School District (GO)
5.000%, 06/15/18.............................. 5,285 5,306,299
5.000%, 06/15/21.............................. 2,200 2,407,680
San Francisco Unified School District (GO)
Series A
2.000%, 06/15/18.............................. 6,140 6,142,886
San Francisco Unified School District (GO)
Series E
5.000%, 06/15/18.............................. 1,500 1,506,045
San Francisco Unified School District (GO)
Series F&C
2.000%, 06/15/22.............................. 1,750 1,750,665
San Jose Evergreen Community College District
(GO)
5.000%, 09/01/21.............................. 250 275,148
San Jose Unified School District (GO) Series E
5.000%, 08/01/18.............................. 400 403,420
San Juan Unified School District (GO)
2.000%, 08/01/19.............................. 14,330 14,388,036
3.000%, 08/01/22.............................. 1,200 1,247,616
San Leandro Unified School District (GO) Series B
4.000%, 08/01/21.............................. 265 281,663
San Luis Coastal Unified School District (GO)
Series B
4.000%, 08/01/18.............................. 2,615 2,630,951
167
DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
San Mateo County Community College District (GO)
4.000%, 09/01/18............................. $ 775 $ 781,192
4.000%, 09/01/21............................. 1,310 1,399,224
San Ramon Valley Unified School District (GO)
4.000%, 08/01/21............................. 4,225 4,503,005
Santa Clara County (GO) Series B
5.000%, 08/01/18............................. 5,000 5,042,100
Santa Clara County Financing Authority (RB) Series A
5.000%, 02/01/19............................. 3,610 3,702,344
Santa Monica Community College District (GO) Series A
5.000%, 08/01/19............................. 315 328,006
Sequoia Union High School District (RAN)
3.000%, 06/29/18............................. 7,785 7,803,295
Sonoma County (RB) Series A
5.000%, 09/01/19............................. 6,035 6,293,358
Sonoma Valley Unified School District (GO)
2.000%, 08/01/18............................. 1,200 1,201,428
3.000%, 08/01/19............................. 600 609,798
South Bay Union School District/ San Diego County (GO)
Series A (AGC)
(currency) 6.000%, 08/01/23 (Pre-refunded @ $100,
8/1/19)...................................... 700 736,876
South San Francisco Unified School District (GO) Series
G (ETM)
3.500%, 07/01/18............................. 27,075 27,157,308
Southern California Public Power Authority (RB)
5.000%, 07/01/20............................. 1,175 1,255,452
Southwestern Community College District (GO)
5.000%, 08/01/19............................. 2,230 2,321,229
State Helena Unified School District (GO)
4.000%, 08/01/18............................. 750 754,575
Tustin Unified School District (GO) Series B
(currency) 6.000%, 08/01/36 (Pre-refunded @ $100,
8/1/20)...................................... 1,500 1,689,690
Union Elementary School District (GO) Series A
3.000%, 09/01/18............................. 1,130 1,135,514
University of California (RB) Series O
(currency) 5.750%, 05/15/25 (Pre-refunded @ $100,
5/15/19)..................................... 2,000 2,082,200
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
(currency) 5.250%, 05/15/39 (Pre-refunded @ $100,
5/15/19)..................................... $ 1,615 $ 1,673,108
Upland Unified School District (GO) Series A (AGM)
(currency) 5.000%, 08/01/26 (Pre-refunded @ $100,
8/1/18)...................................... 1,450 1,461,962
Ventura County
4.000%, 07/02/18............................. 12,000 12,047,880
Victor Valley Community College District (GO) Series C
(currency) 5.750%, 08/01/44 (Pre-refunded @ $100,
8/1/19)...................................... 3,150 3,306,271
Walnut Valley Unified School District (GO) Series A
5.000%, 08/01/19............................. 3,050 3,174,775
West Contra Costa Unified School District (GO) (AGM)
5.000%, 08/01/18............................. 1,415 1,427,098
5.000%, 08/01/20............................. 820 877,515
5.000%, 08/01/21............................. 2,350 2,576,728
West Contra Costa Unified School District (GO) Series A
4.000%, 08/01/18............................. 2,135 2,147,596
West Contra Costa Unified School District (GO) Series B
6.000%, 08/01/21............................. 1,000 1,127,810
Westlands Water District (RB) Series A (AGM)
4.000%, 09/01/20............................. 1,045 1,095,024
Whittier Union High School District (GO) Series C
2.000%, 08/01/18............................. 1,480 1,481,761
Yolo County Washington Unified School District (GO)
4.000%, 08/01/20............................. 1,000 1,045,060
--------------
TOTAL MUNICIPAL BONDS.................................... 1,073,527,871
--------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $1,078,188,432).................................. $1,073,527,871
==============
168
DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
---------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- -------------- ------- --------------
Municipal Bonds..... -- $1,073,527,871 -- $1,073,527,871
-- -------------- -- --------------
TOTAL............... -- $1,073,527,871 -- $1,073,527,871
== ============== == ==============
See accompanying Notes to Financial Statements.
169
DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
------ ------
(000)
MUNICIPAL BONDS -- (100.0%)
CALIFORNIA -- (100.0%)
Albany Unified School District (GO)
4.000%, 08/01/21............................. $ 240 $ 255,715
Alhambra Unified School District (GO) Series A (ASSURED
GTY)
5.250%, 08/01/18............................. 375 378,360
Amador County Unified School District (GO)
4.000%, 08/01/19............................. 385 395,537
Anaheim Housing & Public Improvements Authority (RB)
(currency) 5.000%, 10/01/41 (Pre-refunded @ $100,
10/1/21)..................................... 960 1,056,566
Anaheim Union High School District (GO)
5.000%, 08/01/19............................. 855 889,978
5.000%, 08/01/23............................. 1,905 2,181,130
Antelope Valley Community College District (GO) Series A
5.000%, 08/01/24............................. 850 986,569
Antelope Valley Union High School District (GO)
4.000%, 08/01/21............................. 500 532,090
5.000%, 08/01/22............................. 1,650 1,844,832
Arcadia Unified School District (GO)
3.000%, 08/01/26............................. 1,035 1,085,146
Azusa Unified School District (GO)
4.000%, 07/01/21............................. 400 425,668
5.000%, 07/01/21............................. 825 903,152
Bay Area Toll Authority (RB) Series F-1
(currency) 5.125%, 04/01/39 (Pre-refunded @ $100,
4/1/19)...................................... 3,450 3,557,605
Berkeley Unified School District (GO)
5.000%, 08/01/19............................. 325 338,254
Berkeley Unified School District (GO) Series D
5.000%, 08/01/23............................. 600 686,004
Berryessa Union School District (GO) (AMBAC)
5.375%, 08/01/18............................. 200 201,894
Beverly Hills Unified School District (GO)
2.000%, 08/01/21............................. 145 145,726
2.000%, 08/01/22............................. 2,805 2,809,516
Buena Park School District (GO) (AGM)
2.500%, 08/01/21............................. 75 76,386
Burbank Unified School District (GO)
5.000%, 08/01/24............................. 300 349,152
Butte-Glenn Community College District (GO)
2.500%, 08/01/20............................. 550 558,800
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
California Health Facilities Financing Authority (RB)
Series C
(currency) 6.500%, 10/01/33 (Pre-refunded @ $100,
10/1/18)..................................... $1,000 $1,019,480
California Infrastructure & Economic Dev. Bank (RB)
(AMBAC)
(currency) 5.000%, 07/01/36 (Pre-refunded @ $100,
1/1/28)...................................... 225 274,748
California Infrastructure & Economic Dev. Bank (RB)
(FGIC) (ETM)
5.000%, 07/01/25............................. 2,500 2,943,400
California Municipal Finance Authority (RB)
(currency) 5.750%, 01/01/33 (Pre-refunded @ $100,
1/1/22)...................................... 750 847,163
(currency) 6.000%, 01/01/42 (Pre-refunded @ $100,
1/1/22)...................................... 3,905 4,445,179
California State (GO)
5.000%, 09/01/19............................. 1,795 1,871,359
3.125%, 10/01/19............................. 100 101,897
5.000%, 10/01/19............................. 1,000 1,045,030
5.000%, 10/01/19............................. 500 522,515
4.000%, 11/01/19............................. 135 139,429
5.000%, 02/01/20............................. 1,200 1,265,508
5.250%, 02/01/20............................. 500 529,435
5.000%, 04/01/20............................. 900 953,577
5.000%, 08/01/20............................. 1,000 1,069,220
5.000%, 09/01/20............................. 1,000 1,071,500
5.000%, 10/01/20............................. 4,040 4,338,031
5.000%, 10/01/20............................. 1,375 1,476,434
5.000%, 11/01/20............................. 750 807,015
4.000%, 12/01/20............................. 750 789,863
5.000%, 12/01/20............................. 1,240 1,336,993
5.000%, 02/01/21............................. 700 757,211
5.000%, 04/01/21............................. 475 515,978
5.000%, 08/01/21............................. 1,750 1,915,952
5.000%, 08/01/21............................. 3,500 3,831,905
5.000%, 09/01/21............................. 175 191,949
5.000%, 09/01/21............................. 460 504,551
5.000%, 09/01/21............................. 3,705 4,063,829
5.000%, 10/01/21............................. 200 219,770
5.000%, 02/01/22............................. 2,575 2,848,542
5.000%, 04/01/22............................. 940 1,043,391
5.000%, 08/01/22............................. 1,250 1,397,062
4.000%, 09/01/22............................. 525 566,071
5.000%, 09/01/22............................. 625 699,638
5.250%, 09/01/22............................. 2,585 2,920,300
5.000%, 10/01/22............................. 1,000 1,121,170
5.250%, 10/01/22............................. 2,380 2,693,351
5.000%, 12/01/22............................. 1,245 1,400,127
170
DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
5.000%, 02/01/23............................. $1,150 $1,296,015
5.000%, 09/01/23............................. 1,635 1,863,148
5.000%, 10/01/23............................. 100 114,106
5.000%, 11/01/23............................. 875 1,000,230
5.000%, 09/01/24............................. 1,000 1,156,280
5.000%, 11/01/24............................. 850 985,549
5.000%, 08/01/25............................. 1,000 1,173,420
5.000%, 08/01/25............................. 2,250 2,640,195
5.000%, 10/01/25............................. 1,000 1,176,350
5.000%, 08/01/26............................. 2,850 3,384,916
5.000%, 08/01/26............................. 1,000 1,187,690
5.000%, 08/01/26............................. 1,400 1,662,766
5.000%, 09/01/26............................. 305 362,517
3.500%, 08/01/27............................. 2,220 2,396,490
5.000%, 08/01/27............................. 6,250 7,515,500
California State (GO) Series A (ETM)
4.400%, 07/01/18............................. 410 411,845
5.000%, 07/01/19............................. 1,400 1,452,990
California State (GO) Series B
5.000%, 09/01/21............................. 1,060 1,162,661
5.000%, 09/01/21............................. 1,700 1,864,645
5.000%, 09/01/23............................. 2,285 2,603,849
California State Department of Water Resources (RB)
Series AM
5.000%, 12/01/22............................. 4,105 4,637,542
California State Department of Water Resources (RB)
Series AR
5.000%, 12/01/22............................. 3,210 3,626,433
5.000%, 12/01/23............................. 900 1,038,285
California State Department of Water Resources (RB)
Series AS
5.000%, 12/01/19............................. 530 557,242
5.000%, 12/01/22............................. 1,485 1,677,649
5.000%, 12/01/24............................. 1,000 1,171,320
California State Department of Water Resources (RB)
Series AS (ETM)
5.000%, 12/01/19............................. 15 15,744
5.000%, 12/01/22............................. 15 16,855
California State Department of Water Resources Power
Supply Revenue (RB) Series L
5.000%, 05/01/19............................. 925 955,895
5.000%, 05/01/20............................. 3,380 3,593,312
(currency) 5.000%, 05/01/22 (Pre-refunded @ $100,
5/1/20)...................................... 610 648,003
California State Department of Water Resources Power
Supply Revenue (RB) Series M
4.000%, 05/01/19............................. 455 465,715
California State Department of Water Resources Power
Supply Revenue (RB) Series O
5.000%, 05/01/21............................. 3,640 3,972,805
5.000%, 05/01/22............................. 5,190 5,795,881
California State Public Works Board (RB) (ETM)
5.000%, 09/01/20............................. 1,000 1,071,980
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
California State Public Works Board (RB) Series F (ETM)
5.000%, 10/01/20............................. $ 500 $ 537,255
California State Public Works Board (RB) Series H (ETM)
5.000%, 09/01/21............................. 1,740 1,911,460
California State University (RB) Series A
5.000%, 11/01/18............................. 2,500 2,542,050
5.000%, 11/01/19............................. 3,000 3,145,740
5.000%, 11/01/19............................. 450 471,861
5.000%, 11/01/20............................. 685 738,464
5.000%, 11/01/25............................. 1,015 1,203,506
5.000%, 11/01/25............................. 2,000 2,371,440
California State University (RB) Series C (AGM)
5.000%, 11/01/22............................. 100 112,795
California Statewide Communities Dev. Authority (RB)
(currency) 6.000%, 06/01/33 (Pre-refunded @ $100,
6/1/21)...................................... 1,295 1,451,047
Capistrano Unified School District School Facilities
Improvement District No. 1 (GO)
4.000%, 08/01/22............................. 170 183,126
Carlsbad Unified School District (GO)
5.000%, 08/01/21............................. 230 252,420
Central Marin Sanitation Agency (RB)
4.000%, 09/01/21............................. 1,425 1,521,586
Chabot-Las Positas Community College District (GO)
5.000%, 08/01/22............................. 900 1,008,999
4.000%, 08/01/23............................. 1,970 2,153,978
Chaffey Community College District (GO) Series E
4.000%, 06/01/22............................. 335 361,261
Chico Unified School District (GO) Series A-2
4.000%, 08/01/24............................. 250 275,205
Chino Valley Unified School District (GO) Series A
4.000%, 08/01/21............................. 200 213,226
Chula Vista Elementary School District (GO)
5.000%, 08/01/22............................. 1,835 2,054,851
Chula Vista Municipal Financing Authority (RB)
5.000%, 05/01/25............................. 250 291,815
City & County of San Francisco (GO) Series A
4.750%, 06/15/19............................. 545 563,470
5.000%, 06/15/20............................. 1,715 1,830,437
5.000%, 06/15/22............................. 2,200 2,463,384
City & County of San Francisco (GO) Series B
4.000%, 06/15/20............................. 800 837,280
171
DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
City & County of San Francisco (GO) Series C
5.000%, 06/15/20............................. $ 575 $ 613,703
City & County of San Francisco (GO) Series D
5.000%, 06/15/20............................. 2,000 2,134,620
City & County of San Francisco (GO) Series R1
5.000%, 06/15/20............................. 500 533,655
5.000%, 06/15/21............................. 2,315 2,535,735
City of Grover Beach (GO)
5.000%, 09/01/23............................. 360 411,988
City of Long Beach Harbor Revenue (RB) Series B
5.000%, 05/15/19............................. 250 258,645
City of Long Beach Harbor Revenue (RB) Series C
5.000%, 11/15/18............................. 500 508,765
City of Los Angeles (GO) Series A
4.000%, 09/01/18............................. 780 786,178
5.000%, 09/01/20............................. 445 477,561
City of Los Angeles (GO) Series B
5.000%, 09/01/19............................. 600 626,250
City of Oakland (GO) Series A
5.000%, 01/15/25............................. 500 583,735
City of Pacifica
5.000%, 01/01/24............................. 250 282,808
City of Pasadena Electric Revenue (RB) Series A
5.000%, 06/01/22............................. 1,000 1,114,480
City of Riverside Water Revenue (RB) Series A
5.000%, 10/01/18............................. 300 304,248
City of Sacramento Unified School District (GO)
5.000%, 07/01/18............................. 300 301,698
5.000%, 07/01/24............................. 1,800 2,075,526
City of San Francisco Public Utilities Commission Water
Revenue (RB)
5.000%, 11/01/21............................. 865 955,937
5.000%, 11/01/22............................. 1,335 1,507,041
5.000%, 11/01/25............................. 1,000 1,191,030
City of San Francisco Public Utilities Commission Water
Revenue (RB) Series B
5.000%, 11/01/19............................. 420 440,530
City of San Francisco Public Utilities Commission Water
Revenue (RB) Series F
(currency) 5.000%, 11/01/23 (Pre-refunded @ $100,
11/1/20)..................................... 1,000 1,076,780
(currency) 5.500%, 11/01/30 (Pre-refunded @ $100,
11/1/20)..................................... 1,000 1,088,930
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
Coachella Valley Unified School District (GO) (BAM)
4.000%, 08/01/22............................. $ 825 $ 889,746
Colton Joint Unified School District (GO)
5.000%, 08/01/21............................. 900 984,753
Conejo Valley Unified School District (GO)
2.000%, 08/01/18............................. 2,350 2,352,209
4.000%, 08/01/18............................. 115 115,673
Contra Costa CA Transportation Authority (RB) Series B
(currency) 5.000%, 03/01/23 (Pre-refunded @ $100,
3/1/20)...................................... 500 528,765
Contra Costa Water District (RB) Series Q
5.000%, 10/01/18............................. 220 223,106
Corona-Norco Unified School District (GO) Series B
3.000%, 08/01/23............................. 500 521,480
5.000%, 08/01/27............................. 150 181,889
Culver City School Facilities Financing Authority (RB)
(AGM)
5.500%, 08/01/26............................. 855 1,056,541
Cupertino Union School District (GO) Series B
4.000%, 08/01/21............................. 400 426,584
Davis Joint Unified School District (GO)
5.000%, 08/01/18............................. 420 423,536
Davis Joint Unified School District Community Facilities
District (ST) (AGM)
3.000%, 08/15/22............................. 1,000 1,030,050
Davis Joint Unified School District Community Facilities
District No. 2 (ST) (AGM)
3.000%, 08/15/19............................. 500 507,585
Dublin Unified School District (GO)
5.000%, 02/01/19............................. 425 435,680
5.000%, 08/01/22............................. 875 980,971
5.000%, 08/01/23............................. 1,665 1,902,779
East Bay Regional Park District (GO) Series A-1
5.000%, 09/01/27............................. 550 670,945
East Side Union High School District (GO)
4.000%, 08/01/21............................. 600 639,678
East Side Union High School District (GO) Series A
3.000%, 08/01/21............................. 575 594,999
East Side Union High School District (GO) Series D
3.000%, 08/01/19............................. 825 838,373
El Rancho Unified School District (GO) (AGM)
4.000%, 08/01/21............................. 1,285 1,364,130
172
DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
Enterprise Elementary School District (GO)
4.000%, 09/01/19............................. $ 500 $ 515,190
Fallbrook Union Elementary School District (GO)
Series A
5.000%, 08/01/20............................. 200 214,074
Folsom Cordova Unified School District School
Facilities Improvement Dist No. 5 (GO) Series C
5.000%, 10/01/25............................. 100 118,628
Folsom Cordova Unified School District School
Facilities Improvement Dist. No. 5 (GO) Series
B (AGM)
5.000%, 10/01/26............................. 250 300,940
Fontana Unified School District (GO)
5.000%, 08/01/19............................. 600 624,546
4.000%, 08/01/21............................. 1,585 1,688,786
4.000%, 08/01/22............................. 875 944,414
Fountain Valley Public Finance Authority (RB)
Series A
5.000%, 07/01/24............................. 250 289,825
Fresno Unified School District (GO) Series A
(AGM)
4.500%, 08/01/20............................. 480 508,406
Gilroy Unified School District (GO) (AGM)
4.000%, 08/01/24............................. 2,615 2,878,644
Grossmont Healthcare District (GO) Series C
5.000%, 07/15/23............................. 100 114,166
Grossmont Union High School District (GO)
5.000%, 08/01/27............................. 500 608,605
Grossmont Union High School District (GO) Series
A
5.000%, 08/01/18............................. 200 201,680
Hacienda La Puente Unified School District (GO)
(NATL-RE)
5.000%, 08/01/23............................. 225 257,132
Huntington Beach Public Financing Authority (RB)
4.000%, 09/01/18............................. 200 201,598
Jurupa Unified School District (GO) (AGM)
4.000%, 08/01/18............................. 235 236,422
5.000%, 08/01/20............................. 725 773,865
Kern High School District (GO) (AGM)
5.000%, 08/01/19............................. 250 260,228
Kern High School District (GO) Series A
3.000%, 08/01/20............................. 3,885 3,988,030
3.000%, 08/01/26............................. 895 937,683
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
Kern High School District (GO) Series E
2.000%, 08/01/19.............................. $1,350 $1,355,467
2.000%, 08/01/20.............................. 2,435 2,446,177
3.000%, 08/01/21.............................. 465 480,875
Lakeside Union School District/San Diego County
(GO)
5.000%, 08/01/23.............................. 695 793,141
Lancaster Financing Authority (NATL) (ETM)
5.250%, 02/01/20.............................. 540 571,120
Liberty Union High School District (GO)
5.000%, 08/01/20.............................. 380 406,915
4.000%, 08/01/21.............................. 500 533,065
Lompoc Unified School District (GO) (ASSURED GTY)
5.250%, 08/01/20.............................. 540 580,959
Long Beach Unified School District (GO)
5.000%, 08/01/20.............................. 1,500 1,606,590
5.000%, 08/01/26.............................. 200 239,684
Los Altos Elementary School District (GO)
4.000%, 08/01/21.............................. 250 266,695
4.000%, 08/01/21.............................. 470 501,387
Los Angeles Community College District (GO)
Series A
5.000%, 08/01/23.............................. 340 388,736
5.000%, 08/01/24.............................. 250 290,325
Los Angeles Community College District (GO)
Series C
5.000%, 08/01/19.............................. 950 988,978
5.000%, 08/01/25.............................. 1,240 1,465,903
5.000%, 06/01/26.............................. 2,500 2,991,050
Los Angeles Community College District (GO)
Series G
5.000%, 08/01/23.............................. 650 743,171
Los Angeles Convention & Exhibit Center
Authority (RB) Series A (ETM)
4.500%, 08/15/18.............................. 300 302,439
Los Angeles County Metropolitan Transportation
Authority (RB)
5.000%, 07/01/20.............................. 300 320,211
Los Angeles County Metropolitan Transportation
Authority (RB) Series A
5.000%, 07/01/18.............................. 665 668,791
5.000%, 07/01/19.............................. 1,000 1,039,500
5.000%, 07/01/20.............................. 830 885,917
5.000%, 07/01/21.............................. 520 568,922
5.000%, 07/01/22.............................. 870 974,496
5.000%, 07/01/25.............................. 1,590 1,882,385
5.000%, 07/01/27.............................. 3,165 3,855,666
173
DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
Los Angeles County Metropolitan Transportation
Authority (RB) Series B
5.000%, 06/01/19.............................. $ 370 $ 383,620
5.000%, 06/01/20.............................. 500 532,520
5.000%, 07/01/20.............................. 525 560,138
Los Angeles County Metropolitan Transportation
Authority (RB) Series C
5.000%, 07/01/20.............................. 525 560,138
Los Angeles County Public Works Financing
Authority (RB) Series D
5.000%, 12/01/25.............................. 165 195,071
Los Angeles Department of Water (RB) Series B
5.000%, 07/01/20.............................. 500 534,790
5.000%, 07/01/22.............................. 435 487,987
Los Angeles Department of Water & Power (RB)
Series A
5.000%, 07/01/19.............................. 1,195 1,241,223
5.000%, 07/01/19.............................. 370 384,312
5.000%, 07/01/20.............................. 600 641,748
5.000%, 07/01/21.............................. 1,650 1,810,033
5.000%, 07/01/21.............................. 1,000 1,096,990
5.000%, 07/01/21.............................. 2,950 3,236,120
Los Angeles Department of Water & Power (RB)
Series D
4.000%, 07/01/19.............................. 1,000 1,027,200
Los Angeles Unified School District (GO) Series A
3.000%, 07/01/20.............................. 790 811,377
5.000%, 07/01/20.............................. 150 160,370
5.000%, 07/01/20.............................. 900 962,217
2.000%, 07/01/22.............................. 1,210 1,211,912
5.000%, 07/01/22.............................. 1,115 1,249,870
5.000%, 07/01/24.............................. 220 255,596
5.000%, 07/01/26.............................. 1,050 1,257,291
Los Angeles Unified School District (GO) Series
A-1
5.000%, 07/01/21.............................. 1,710 1,874,741
Los Angeles Unified School District (GO) Series
A-2
5.000%, 07/01/21.............................. 1,100 1,205,974
Los Angeles Unified School District (GO) Series
B-1
5.000%, 07/01/27.............................. 500 607,730
Los Angeles Unified School District (GO) Series C
5.000%, 07/01/22.............................. 500 560,480
5.000%, 07/01/23.............................. 3,050 3,485,448
Los Angeles Unified School District (GO) Series I
5.000%, 07/01/19.............................. 750 778,740
Los Rios Community College District (GO)
5.000%, 08/01/19.............................. 2,965 3,087,425
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
Los Rios Community College District (GO) Series B
5.000%, 08/01/23.............................. $ 510 $ 583,379
Lynwood Unified School District (GO) (AGM)
5.000%, 08/01/21.............................. 450 491,783
5.000%, 08/01/22.............................. 485 540,596
Manhattan Beach Unified School District (GO)
Series C
3.500%, 09/01/21.............................. 1,185 1,249,037
Manhattan Beach Unified School District (GO)
Series E
3.000%, 09/01/22.............................. 560 583,582
Merced Union High School District (GO) Series A
(ASSURED GTY)
4.000%, 08/01/18.............................. 250 251,513
Metropolitan Water District of Southern
California (RB) Series A
5.000%, 07/01/19.............................. 1,090 1,132,161
Montebello Unified School District (GO)
5.000%, 08/01/20.............................. 415 442,402
Moreland School District (GO) Series B
5.000%, 08/01/21.............................. 500 549,070
Moreno Valley Public Financing Authority (RB)
5.000%, 11/01/20.............................. 1,470 1,579,882
Morongo Unified School District (GO)
3.000%, 08/01/22.............................. 480 497,261
Morongo Unified School District (GO) Series A
5.000%, 08/01/24.............................. 100 115,499
5.000%, 08/01/25.............................. 80 93,874
5.000%, 08/01/26.............................. 220 261,292
5.000%, 08/01/27.............................. 120 144,408
Mount Diablo Unified School District (GO)
3.250%, 08/01/19.............................. 500 509,705
Mount Diablo Unified School District (GO) Series
G
3.000%, 08/01/24.............................. 800 835,720
New Haven Unified School District (GO) (ASSURED
GTY)
5.000%, 08/01/19.............................. 95 98,886
New Haven Unified School District (GO) (ETM)
(ASSURED GTY)
5.000%, 08/01/19.............................. 55 57,222
Northern Humboldt Union High School District (GO)
4.000%, 08/01/26.............................. 220 246,715
Oak Park Unified School District (GO)
4.000%, 08/01/22.............................. 445 480,302
Oakland Joint Powers Financing Authority (RB)
Series B (ASSURED GTY)
4.500%, 08/01/18.............................. 500 503,600
174
DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
Oakland Unified School District/ Alameda County
(GO)
5.000%, 08/01/20............................. $1,005 $1,075,953
5.000%, 08/01/22............................. 1,500 1,681,020
5.000%, 08/01/24............................. 900 1,043,460
5.000%, 08/01/26............................. 575 688,614
Oakland Unified School District/ Alameda County
(GO) (AGM)
5.000%, 08/01/23............................. 300 342,681
5.000%, 08/01/24............................. 1,125 1,304,325
Oakland Unified School District/ Alameda County
(GO) Series A
5.000%, 08/01/21............................. 610 669,262
4.000%, 08/01/22............................. 350 378,063
5.000%, 08/01/22............................. 3,000 3,362,040
4.000%, 08/01/24............................. 500 550,715
5.000%, 08/01/25............................. 540 637,195
5.000%, 08/01/25............................. 750 884,993
Oakland Unified School District/ Alameda County
(GO) Series B
5.000%, 08/01/24............................. 1,675 1,941,995
Oakland Unified School District/ Alameda County
(GO) Series C
5.000%, 08/01/20............................. 255 273,003
5.000%, 08/01/26............................. 500 598,795
Oxnard Union High School District (GO)
4.000%, 08/01/21............................. 320 340,954
4.000%, 08/01/22............................. 500 539,665
Palm Springs Unified School District (GO)
5.000%, 08/01/19............................. 500 520,580
Palomar Community College District (GO)
5.000%, 05/01/21............................. 965 1,052,940
Palomar Community College District (GO) Series D
5.000%, 08/01/23............................. 150 171,501
Palos Verdes Peninsula Unified School District
(GO) Series B
5.000%, 11/01/21............................. 250 276,013
Pasadena Unified School District (GO) Series B
5.000%, 08/01/24............................. 800 928,024
Piedmont unified School District (GO)
3.000%, 08/01/20............................. 845 867,409
Plumas Unified School District (GO) (AGM)
5.250%, 08/01/21............................. 800 882,920
Porterville Unified School District Facilities
Improvement District (GO) Series B (AGM)
5.000%, 08/01/18............................. 450 453,825
5.000%, 08/01/19............................. 325 338,211
Poway Unified School District (GO)
5.000%, 08/01/19............................. 200 208,182
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
Rancho Santiago Community College District (GO) (AGM)
5.250%, 09/01/20............................. $ 500 $ 539,660
Redlands Financing Authority (RB) Series A
5.000%, 09/01/22............................. 1,290 1,449,173
Redlands Unified School District (GO)
5.000%, 07/01/26............................. 300 358,980
5.000%, 07/01/27............................. 500 607,270
Redwood City School District (GO)
5.000%, 08/01/27............................. 50 60,630
5.000%, 08/01/28............................. 85 104,360
Reed Union School District (GO)
4.000%, 08/01/27............................. 460 522,330
Regents of the University of California Medical Center
Pooled Revenue (RB) Series J
(currency) 5.250%, 05/15/29 (Pre-refunded @ $100,
5/15/23)..................................... 670 769,663
(currency) 5.000%, 05/15/33 (Pre-refunded @ $100,
5/15/23)..................................... 500 568,435
Riverside County Infrastructure Financing Authority (RB)
Series A
5.000%, 11/01/24............................. 1,100 1,267,541
Sacramento Municipal Utility District (RB) Series D
5.000%, 08/15/22............................. 525 589,601
Sacramento Municipal Utility District (RB) Series E
5.000%, 08/15/23............................. 650 744,179
Saddleback Valley Unified School District (GO)
5.000%, 08/01/22............................. 465 521,116
San Diego Community College District (GO)
5.000%, 08/01/24............................. 1,300 1,510,509
San Diego County Water Authority Financing Corp (RB)
Series A
(currency) 5.250%, 05/01/23 (Pre-refunded @ $100,
11/1/19)..................................... 1,395 1,467,052
San Diego County Water Authority Financing Corp. (RB)
5.000%, 05/01/21............................. 310 338,439
San Diego Public Facilities Financing Authority Sewer
Revenue (RB)
5.000%, 05/15/22............................. 700 783,342
San Diego Public Facilities Financing Authority Sewer
Revenue (RB) Series A
4.000%, 05/15/20............................. 3,000 3,137,490
(currency) 5.250%, 05/15/24 (Pre-refunded @ $100,
5/15/20)..................................... 1,975 2,108,154
175
DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
(currency) 5.375%, 05/15/34 (Pre-refunded @ $100,
5/15/19)..................................... $ 650 $ 674,564
San Diego Public Facilities Financing Authority Sewer
Revenue (RB) Series B
(currency) 5.500%, 05/15/23 (Pre-refunded @ $100,
5/15/19)..................................... 500 519,270
San Diego Public Facilities Financing Authority Water
Revenue (RB) Series A
(currency) 5.000%, 08/01/23 (Pre-refunded @ $100,
8/1/20)...................................... 2,690 2,874,373
San Diego Unified School District (GO) Series C-2 (AGM)
5.500%, 07/01/21............................. 600 666,984
5.500%, 07/01/25............................. 2,550 3,101,055
San Diego Unified School District (GO) Series D-1 (NATL)
5.500%, 07/01/24............................. 190 226,313
San Diego Unified School District (GO) Series R-3
5.000%, 07/01/20............................. 435 465,072
5.000%, 07/01/21............................. 1,705 1,869,260
5.000%, 07/01/22............................. 1,000 1,120,960
5.000%, 07/01/23............................. 300 342,831
San Diego Unified School District (GO) Series R-5
5.000%, 07/01/26............................. 110 132,169
San Dieguito Union High School District (GO) Series A-2
5.000%, 08/01/23............................. 490 560,237
San Francisco Bay Area Rapid Transit District (GO)
Series C
4.000%, 08/01/19............................. 325 334,464
San Francisco Bay Area Rapid Transit District Sales Tax
Revenue (RB)
4.000%, 07/01/26............................. 375 422,494
San Francisco City & County Airport Comm-San Francisco
International Airport (RB)
(currency) 5.000%, 05/01/21 (Pre-refunded @ $100,
5/1/20)...................................... 540 572,000
San Francisco City & County Airport Comm-San Francisco
International Airport (RB) Series D
(currency) 5.000%, 05/01/23 (Pre-refunded @ $100,
5/3/21)...................................... 875 948,465
San Francisco Community College District (GO)
5.000%, 06/15/20............................. 2,100 2,241,351
5.000%, 06/15/22............................. 2,070 2,312,604
5.000%, 06/15/23............................. 3,775 4,293,836
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
5.000%, 06/15/24............................. $1,365 $1,576,752
San Francisco Community College District (GO) Series D
5.000%, 06/15/20............................. 600 640,386
San Francisco County Transportation Authority (RB)
3.000%, 02/01/22............................. 2,000 2,074,760
San Francisco Municipal Transportation Agency (RB)
Series A
5.000%, 03/01/20............................. 860 910,594
San Francisco Unified School District (GO)
5.000%, 06/15/20............................. 725 773,800
5.000%, 06/15/21............................. 230 251,712
San Francisco Unified School District (GO) Series F&C
2.000%, 06/15/22............................. 1,580 1,580,600
San Joaquin County Transportation Authority (RB) Series A
(currency) 6.000%, 03/01/36
(Pre-refunded @ $100, 3/1/21)................ 335 372,275
San Jose Evergreen Community College District (GO)
5.000%, 09/01/21............................. 1,750 1,926,032
San Juan Unified School District (GO)
3.000%, 08/01/22............................. 1,480 1,538,726
5.000%, 08/01/22............................. 800 896,544
3.000%, 08/01/24............................. 610 637,237
3.000%, 08/01/25............................. 1,475 1,546,552
3.000%, 08/01/26............................. 3,135 3,291,719
San Juan Water District (RB)
5.000%, 02/01/26............................. 500 595,280
San Lorenzo Unified School District (GO)
5.000%, 08/01/21............................. 265 290,567
San Ramon Valley Unified School District (GO)
4.000%, 08/01/21............................. 1,600 1,705,280
Santa Ana Unified School District (GO)
5.000%, 08/01/25............................. 350 413,959
Santa Ana Unified School District (GO) Series A
5.000%, 08/01/18............................. 275 277,296
Santa County Clara (GO) Series C
5.000%, 08/01/26............................. 900 1,080,072
5.000%, 08/01/27............................. 170 207,084
Santa Cruz City High School District (GO)
4.000%, 08/01/22............................. 715 772,629
Santa Monica Community College District (GO) Series A
5.000%, 08/01/22............................. 225 252,738
5.000%, 08/01/22............................. 400 449,312
176
DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
5.000%, 08/01/26............................. $ 105 $ 126,271
Santa Monica Public Financing Authority (RB) Series B
4.000%, 12/01/19............................. 175 181,305
Simi Valley Unified School District (GO)
5.000%, 08/01/23............................. 260 297,268
Sonoma Valley Unified School District (GO) Series B
5.000%, 08/01/25............................. 500 591,090
South San Francisco Unified School District (GO) Series
G (ETM)
3.500%, 07/01/18............................. 3,700 3,711,248
Southern California Public Power Authority (RB)
5.000%, 07/01/18............................. 250 251,408
5.000%, 07/01/18............................. 150 150,845
4.000%, 07/01/19............................. 575 590,640
Standard Elementary School District (GO) Series A
4.000%, 08/01/24............................. 240 264,343
Stockton Unified School District (GO) (AGM)
5.000%, 07/01/20............................. 150 159,875
Sylvan Union School District (GO) Series C
5.000%, 08/01/26............................. 405 484,352
Tahoe Forest Hospital District (GO)
4.000%, 08/01/20............................. 295 309,290
Tustin Unified School District (GO)
(currency) 5.250%, 08/01/31 (Pre-refunded @ $100,
8/1/21)...................................... 415 458,430
University of California (RB) Series AF
(currency) 5.000%, 05/15/26 (Pre-refunded @ $100,
5/15/23)..................................... 400 453,724
University of California (RB) Series G
(currency) 5.000%, 05/15/37 (Pre-refunded @ $100,
5/15/22)..................................... 305 339,932
Upland Unified School District (GO) Series A
5.000%, 08/01/21............................. 500 548,405
Upper Santa Clara Valley Joint Powers Authority (RB)
Series A (ETM)
4.000%, 08/01/21............................. 1,125 1,196,831
Vista Unified School District (GO)
5.000%, 08/01/19............................. 200 208,182
Walnut Creek Elementary School District Contra Costa
County (GO)
4.000%, 09/01/25............................. 100 111,548
FACE
AMOUNT VALUE+
------ ------
(000)
CALIFORNIA -- (Continued)
West Contra Costa Unified School District (GO)
5.000%, 08/01/21.............................. $ 430 $ 471,486
West Contra Costa Unified School District (GO)
(AGM)
5.000%, 08/01/20.............................. 100 107,014
West Contra Costa Unified School District (GO)
Series A
5.000%, 08/01/24.............................. 1,095 1,268,853
West Contra Costa Unified School District (GO)
Series A-1
5.000%, 08/01/25.............................. 520 613,215
5.000%, 08/01/26.............................. 545 651,782
5.000%, 08/01/27.............................. 575 697,768
West Contra Costa Unified School District (GO)
Series B
6.000%, 08/01/20.............................. 1,475 1,610,788
West Covina Unified School District (GO) (AGM)
5.000%, 08/01/21.............................. 385 420,366
Western Riverside County Regional Wastewater
Authority (RB) (ASSURED GTY)
5.000%, 09/01/19.............................. 250 260,938
Westside Union School District (GO) Series A
3.000%, 08/01/21.............................. 300 310,050
4.000%, 08/01/23.............................. 700 763,917
Whittier Union High School District (GO) Series C
2.000%, 08/01/19.............................. 645 647,612
Windsor Unified School District (GO)
4.000%, 08/01/26.............................. 105 117,416
Wright Elementary School District (GO) Series A
3.000%, 08/01/20.............................. 165 167,548
Yolo County Washington Unified School District
(GO)
4.000%, 08/01/19.............................. 450 462,033
Yosemite Union High School District (GO) (AGM)
4.000%, 08/01/19.............................. 395 405,760
Yuba Community College District (GO) Series B
4.000%, 08/01/21.............................. 355 378,476
------------
TOTAL MUNICIPAL BONDS.............................. 394,079,303
------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $397,006,918).............................. $394,079,303
============
177
DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
CONTINUED
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
-----------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- ------------ ------- ------------
Municipal Bonds..... -- $394,079,303 -- $394,079,303
-- ------------ -- ------------
TOTAL............... -- $394,079,303 -- $394,079,303
== ============ == ============
See accompanying Notes to Financial Statements.
178
DFA NY MUNICIPAL BOND PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
------ ------
(000)
MUNICIPAL BONDS -- (100.0%)
NEW YORK -- (100.0%)
Albany County (GO)
5.000%, 06/01/21............................. $ 370 $ 403,344
Amherst Central School District (GO) (ST AID WITHHLDG)
3.000%, 06/15/18............................. 350 350,518
Ardsley Union Free School District (GO) (ST AID WITHHLDG)
3.000%, 11/01/18............................. 200 201,272
2.250%, 08/15/23............................. 290 291,148
Babylon Union Free School District (GO) (ST AID WITHHLDG)
2.000%, 06/15/20............................. 290 290,537
Brewster Central School District (GO) (ST AID WITHHLDG)
2.000%, 10/01/19............................. 100 100,291
Chappaqua Central School District (GO) (ST AID WITHHLDG)
2.125%, 06/15/19............................. 365 366,507
City of New York (GO)
4.000%, 08/01/18............................. 500 502,785
5.000%, 08/01/19............................. 900 935,451
(currency) 5.450%, 04/01/31.............................
(Pre-refunded @ $100, 4/1/19)................ 965 996,951
City of New York (GO) Series A
5.000%, 08/01/18............................. 250 252,005
5.000%, 08/01/23............................. 1,200 1,356,084
5.000%, 08/01/24............................. 620 709,881
5.000%, 08/01/25............................. 220 255,609
City of New York (GO) Series B
5.000%, 08/01/19............................. 115 119,530
5.000%, 08/01/21............................. 1,000 1,090,210
City of New York (GO) Series B-1
4.000%, 12/01/18............................. 2,000 2,026,200
City of New York (GO) Series C
5.000%, 08/01/20............................. 200 213,296
City of New York (GO) Series E
4.000%, 08/01/18............................. 200 201,114
5.000%, 08/01/18............................. 195 196,564
5.000%, 08/01/19............................. 1,050 1,091,359
5.000%, 08/01/21............................. 625 681,381
City of New York (GO) Series F
5.000%, 08/01/21............................. 300 327,063
City of New York (GO) Series F-1
5.000%, 06/01/21............................. 300 325,911
City of New York (GO) Series G
5.000%, 08/01/19............................. 625 649,619
City of New York (GO) Series I-Subseries 1-I
5.000%, 03/01/22............................. 265 292,210
City of New York (GO) Series J
5.000%, 08/01/19............................. 150 155,909
FACE
AMOUNT VALUE+
------ ------
(000)
NEW YORK -- (Continued)
City of New York (GO) Series J7
5.000%, 08/01/20............................. $ 350 $ 373,268
City of Rochester (BAN) Series 3
2.500%, 08/02/18............................. 720 721,174
City of Rochester (GO) Series I
4.000%, 10/15/21............................. 675 718,423
Corning City School District (BAN) (ST AID WITHHLDG)
2.000%, 06/21/18............................. 2,050 2,050,635
Corning City School District (GO) (ST AID WITHHLDG)
5.000%, 06/15/19............................. 750 776,467
County of Columbia (GO) Series A (AGM)
2.000%, 02/01/19............................. 275 275,506
County of Onondaga (GO)
5.000%, 05/15/19............................. 115 118,880
Duanesburg Central School District (BAN)
2.250%, 07/20/18............................. 690 690,704
East Hampton Union Free School District (GO) (ST AID
WITHHLDG)
5.000%, 06/01/19............................. 850 879,427
East Islip Union Free School District (GO) (ST AID
WITHHLDG)
4.000%, 07/01/19............................. 240 246,161
Eastport-South Manor Central School District (GO) (ST
AID WITHHLDG)
4.000%, 08/01/23............................. 500 540,745
Erie County (RAN)
2.000%, 06/30/18............................. 1,200 1,200,444
Haverstraw-Stony Point Central School District (GO) (ST
AID WITHHLDG)
3.000%, 08/15/22............................. 200 205,844
3.000%, 08/15/23............................. 360 370,476
Herricks Union Free School District (GO) (ST AID
WITHHLDG)
4.000%, 06/15/21............................. 150 159,354
Hilton Central School District (GO) (ST AID WITHHLDG)
2.000%, 06/15/21............................. 450 447,971
Lindenhurst Union Free School District (GO) (ST AID
WITHHLDG)
2.250%, 09/01/23............................. 195 194,025
Liverpool Central School District (GO) (ST AID WITHHLDG)
4.000%, 06/15/18............................. 150 150,408
Livingston County (GO)
4.000%, 05/01/18............................. 400 400,000
Long Island Power Authority (RB) Series A
(currency) 6.000%, 05/01/33............................. 1,000 1,040,410
179
DFA NY MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
NEW YORK -- (Continued)
Long Island Power Authority (RB) Series A BHAC-CR
(BHAC-CR)
(currency) 6.000%, 05/01/33 (Pre-refunded @ $100,
5/1/19)...................................... $ 400 $ 416,772
Longwood Central School District Suffolk County (GO) (ST
AID WITHHLDG)
2.000%, 06/15/21............................. 1,195 1,192,837
Metropolitan Transportation Authority (RB) Series A
5.000%, 11/15/21............................. 855 935,703
Metropolitan Transportation Authority (RB) Series A (ETM)
5.000%, 11/15/21............................. 145 159,674
Metropolitan Transportation Authority (RB) Series B
(NATL)
5.250%, 11/15/18............................. 1,285 1,309,582
Middle Country Central School District (GO) (ST AID
WITHHLDG)
2.000%, 08/15/21............................. 500 499,835
Middletown City School District (GO) (ST AID WITHHLDG)
2.000%, 06/15/20............................. 500 501,030
5.000%, 09/15/24............................. 130 150,183
Nassau County Interim Finance Authority (RB) Series A
5.000%, 11/15/21............................. 505 556,470
New Rochelle City School District (GO) (ST AID WITHHLDG)
4.000%, 06/01/18............................. 475 475,874
4.000%, 06/01/20............................. 300 312,726
New York City Transitional Finance Authority Future Tax
Secured Revenue (RB)
(currency) 5.250%, 11/01/27............................. 485 493,221
(currency) 5.000%, 05/01/34 (Pre-refunded @ $100,
5/1/19)...................................... 1,000 1,032,090
New York City Transitional Finance Authority Future Tax
Secured Revenue (RB) Series F-1
(currency) 5.000%, 05/01/24............................. 750 750,000
New York City Water & Sewer System (RB) Series AA
(currency) 5.000%, 06/15/20............................. 750 752,992
New York State (GO) Series C
5.000%, 04/15/22............................. 600 667,596
New York State Dormitory Authority (RB)
(currency) 6.125%, 12/01/29 (Pre-refunded @ $100,
12/1/18)..................................... 1,640 1,680,951
(currency) 6.000%, 07/01/33............................. 500 503,470
(currency) 6.250%, 12/01/37 (Pre-refunded @ $100,
12/1/18)..................................... 2,550 2,615,484
FACE
AMOUNT VALUE+
------ ------
(000)
NEW YORK -- (Continued)
New York State Dormitory Authority (RB) (AGM ST
INTERCEPT)
(currency) 5.250%, 08/15/20............................. $ 360 $ 363,694
New York State Dormitory Authority (RB) (BHAC-CR)
(currency) 5.000%, 07/01/38............................. 345 346,832
New York State Dormitory Authority (RB) Series A
5.000%, 03/15/19............................. 1,650 1,695,886
5.000%, 07/01/20............................. 395 420,829
(currency) 5.000%, 07/01/21............................. 455 471,630
5.000%, 12/15/21............................. 150 165,081
5.000%, 10/01/22............................. 475 532,769
4.000%, 12/15/22............................. 100 107,635
5.000%, 12/15/22............................. 500 559,995
5.000%, 03/15/23............................. 650 732,628
5.000%, 03/15/23............................. 200 225,424
(currency) 5.500%, 07/01/25 (Pre-refunded @ $100,
7/1/20)...................................... 900 965,961
(currency) 5.000%, 02/15/34............................. 1,600 1,640,512
(currency) 5.000%, 07/01/39 (Pre-refunded @ $100,
7/1/19)...................................... 700 725,585
New York State Dormitory Authority (RB) Series A-GROUP A
5.000%, 03/15/19............................. 270 277,509
New York State Dormitory Authority (RB) Series B
5.000%, 02/15/20............................. 2,690 2,835,690
5.000%, 02/15/22............................. 1,000 1,102,680
5.000%, 02/15/24............................. 455 518,013
5.000%, 02/15/25............................. 550 634,942
(currency) 5.000%, 07/01/38 (Pre-refunded @ $100,
7/1/18)...................................... 400 402,160
(currency) 5.250%, 07/01/48............................. 1,070 1,076,206
New York State Dormitory Authority (RB) Series B
(ASSURED GTY)
(currency) 5.000%, 07/01/23 (Pre-refunded @ $100,
7/1/18)...................................... 450 452,353
New York State Dormitory Authority (RB) Series C
5.000%, 03/15/19............................. 150 154,172
5.000%, 03/15/20............................. 300 316,938
New York State Dormitory Authority (RB) Series C (ST AID
WITHHLDG)
(currency) 7.250%, 10/01/28............................. 815 833,036
New York State Dormitory Authority (RB) Series D
3.000%, 02/15/19............................. 175 176,698
5.000%, 02/15/24............................. 300 341,547
New York State Dormitory Authority (RB) Series E
5.000%, 02/15/19............................. 1,390 1,425,084
5.000%, 08/15/19............................. 495 514,909
5.000%, 03/15/20............................. 850 897,991
5.000%, 03/15/21............................. 1,000 1,082,360
180
DFA NY MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
NEW YORK -- (Continued)
New York State Environmental Facilities Corp. (RB)
Series A
5.250%, 12/15/18............................. $ 260 $ 265,707
New York State Thruway Authority (RB) Series A
(currency) 5.000%, 03/15/26............................. 435 440,351
New York State Thruway Authority Highway & Bridge Trust
Fund (RB) Series B
(currency) 5.000%, 04/01/22............................. 415 420,615
New York State Urban Development Corp. (RB) Series A
5.000%, 03/15/19............................. 300 308,343
5.000%, 03/15/20............................. 560 591,618
5.000%, 03/15/20............................. 1,550 1,637,513
5.000%, 03/15/21............................. 300 324,708
5.000%, 03/15/22............................. 630 695,816
5.000%, 03/15/25............................. 1,200 1,387,428
New York State Urban Development Corp. (RB) Series A-1
5.000%, 03/15/21............................. 360 389,650
Niagara-Wheatfield Central School District (GO) (ST AID
WITHHLDG)
3.000%, 03/15/19............................. 330 333,511
North Shore Central School District (GO) (ST AID
WITHHLDG)
2.000%, 12/15/18............................. 740 741,354
2.000%, 12/15/22............................. 285 283,874
2.000%, 12/15/23............................. 550 544,500
North Tonawanda City School District (GO) (ST AID
WITHHLDG)
4.000%, 09/15/21............................. 650 691,704
Oceanside Union Free School District (GO) (ST AID
WITHHLDG)
2.500%, 07/01/23............................. 520 524,014
Onondaga Civic Dev. Corp. (RB)
(currency) 5.125%, 07/01/31............................. 1,375 1,427,222
Orange County
3.000%, 08/15/20............................. 665 681,126
3.000%, 08/15/21............................. 830 855,456
Penfield Central School District (GO) (ASSURED GTY) (ST
AID WITHHLDG)
3.750%, 06/15/19............................. 350 357,644
Plainview Old Bethpage Central School District
4.000%, 12/15/18............................. 320 324,531
Port Authority of New York & New Jersey (RB) Series 189
5.000%, 05/01/23............................. 305 345,824
Port Washington Union Free School District (GO) (ST AID
WITHHLDG)
2.000%, 12/01/18............................. 350 350,581
Ramapo Central School District (GO) (ST AID WITHHLDG)
5.000%, 10/15/21............................. 215 236,036
FACE
AMOUNT VALUE+
------ ------
(000)
NEW YORK -- (Continued)
Riverhead Central School District (GO) (ST AID
WITHHLDG)
3.000%, 03/15/22............................. $ 120 $ 123,992
2.000%, 10/15/22............................. 280 279,051
Sachem Central School District (GO) (ST AID
WITHHLDG)
5.000%, 10/15/19............................. 200 209,164
Schenectady County (GO)
5.000%, 06/15/25............................. 140 164,188
Sewanhaka Central High School District of Elmont
(GO) (ST AID WITHHLDG)
3.000%, 07/15/23............................. 590 610,715
Sidney Central School District (ST AID WITHHLDG)
2.250%, 07/27/18............................. 225 225,295
Spencerport Central School District (GO) (ST AID
WITHHLDG)
2.000%, 06/15/21............................. 500 499,245
Taconic Hills Central School District at
Craryville (GO) (ST AID WITHHLDG)
5.000%, 06/15/20............................. 100 106,429
4.000%, 06/15/22............................. 250 268,135
Three Village Central School District
Brookhaven & Smithtown (GO) (ST AID WITHHLDG)
2.000%, 08/15/18............................. 380 380,304
Town of Babylon (GO)
3.000%, 07/01/25............................. 375 391,481
Town of Bedford (GO) Series A
3.000%, 03/15/21............................. 455 468,136
3.000%, 03/15/25............................. 330 343,316
Town of Brookhaven (GO) Series A
3.000%, 03/15/22............................. 650 671,625
Town of Cheektowaga (GO)
5.000%, 07/15/23............................. 265 300,166
Town of Clarence (GO)
2.250%, 08/01/24............................. 210 208,060
Town of Huntington (GO)
2.000%, 12/01/23............................. 220 217,129
Town of Huntington (GO) Series B
5.000%, 11/01/20............................. 2,280 2,453,326
Town of LaGrange (GO)
4.000%, 03/01/19............................. 280 285,214
4.000%, 03/01/20............................. 220 228,391
Town of North Hempstead (GO) Series A
3.000%, 04/01/24............................. 425 441,834
Triborough Bridge & Tunnel Authority (RB) Series
A
5.000%, 11/15/18............................. 140 142,485
5.000%, 11/15/20............................. 165 177,393
Triborough Bridge & Tunnel Authority (RB) Series
A-1
5.000%, 11/15/19............................. 300 314,571
181
DFA NY MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
NEW YORK -- (Continued)
Triborough Bridge & Tunnel Authority (RB) Series
B
4.000%, 11/15/18............................. $ 250 $ 253,108
5.000%, 11/15/18............................. 1,170 1,190,767
5.000%, 11/15/19............................. 700 733,999
5.000%, 11/15/20............................. 300 322,533
5.000%, 11/15/22............................. 190 213,283
Triborough Bridge & Tunnel Authority (RB) Series
C
4.000%, 11/15/18............................. 100 101,243
Tuckahoe Union Free School District (GO) (ST AID
WITHHLDG)
5.000%, 07/15/19............................. 145 150,475
5.000%, 07/15/21............................. 230 251,747
Ulster County (GO)
2.000%, 11/15/22............................. 240 236,030
Vestal Central School District (GO) (AGM) (ST
AID WITHHLDG)
3.750%, 06/15/19............................. 150 153,276
Wantagh Union Free School District (GO) (ST AID
WITHHLDG)
2.000%, 11/15/22............................. 250 249,030
FACE
AMOUNT VALUE+
------ ------
(000)
NEW YORK -- (Continued)
Webster Central School District (GO) (ST AID
WITHHLDG)
5.000%, 06/15/18............................. $310 $ 311,212
West Irondequoit Central School District (GO)
(ST AID WITHHLDG)
4.500%, 06/15/18............................. 125 125,406
West Islip Union Free School District (GO)
Series A (ST AID WITHHLDG)
4.000%, 10/01/18............................. 500 504,630
White Plains City School District (GO) Series B
(ST AID WITHHLDG)
3.750%, 05/15/18............................. 100 100,073
Wyoming County (GO)
2.000%, 06/01/18............................. 480 480,096
Yorktown Central School District (GO) (ST AID
WITHHLDG)
2.000%, 07/01/21............................. 400 398,532
-----------
TOTAL MUNICIPAL BONDS............................ 92,390,521
-----------
TOTAL INVESTMENTS -- (100.0%)
(Cost $92,991,154)............................. $92,390,521
===========
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
---------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- ----------- ------- -----------
Municipal Bonds. -- $92,390,521 -- $92,390,521
-- ----------- -- -----------
TOTAL........... -- $92,390,521 -- $92,390,521
== =========== == ===========
See accompanying Notes to Financial Statements.
182
DFA MN MUNICIPAL BOND PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
------ ------
(000)
MUNICIPAL BONDS -- (100.0%)
MINNESOTA -- (100.0%)
Belle Plaine Independent School District No. 716
(GO) Series A (SD CRED PROG)
4.000%, 02/01/19............................. $ 100 $ 101,646
Bloomington Independent School District No. 271
(GO) Series A (SD CRED PROG)
5.000%, 02/01/21............................. 100 107,950
Chaska Independent School District No. 112 (GO)
Series A (SD CRED PROG)
5.000%, 02/01/21............................. 1,150 1,241,103
City of Bemidji (GO) Series A (AGM)
5.000%, 02/01/20............................. 530 557,152
5.000%, 02/01/21............................. 575 618,792
City of Cambridge (GO) Series A
3.000%, 02/01/23............................. 375 387,075
City of Chaska (GO) Series B
5.000%, 02/01/21............................. 385 415,392
City of Circle Pines (GO) Series B
3.000%, 02/01/21............................. 215 220,366
City of Duluth (GO) Series A
3.000%, 02/01/20............................. 240 244,637
City of East Grand Forks (GO) Series A
3.000%, 02/01/21............................. 200 204,238
City of Hopkins (GO) Series D
3.000%, 02/01/22............................. 130 133,956
City of Hutchinson (GO) Series C
2.000%, 02/01/19............................. 140 140,185
City of Kasson (GO)
4.000%, 02/01/23............................. 320 343,280
City of Kasson (GO) Series A
2.000%, 02/01/20............................. 160 160,107
City of Lakeville (GO) Series A
5.000%, 02/01/19............................. 605 619,653
5.000%, 02/01/20............................. 470 495,244
City of Lakeville (GO) Series B
5.000%, 02/01/24............................. 710 811,395
City of Mahtomedi (GO) Series A
2.000%, 02/01/19............................. 225 225,448
City of Marshall (GO) Series B
5.000%, 02/01/21............................. 110 118,714
City of Minneapolis (GO)
3.000%, 12/01/27............................. 5,000 5,126,300
City of New Ulm (GO)
2.000%, 12/01/18............................. 220 220,352
2.000%, 12/01/19............................. 325 325,806
City of Red Wing (GO) Series A
4.000%, 02/01/26............................. 700 767,830
City of Richfield (GO) Series A
3.000%, 02/01/24............................. 255 263,025
FACE
AMOUNT VALUE+
------ ------
(000)
MINNESOTA -- (Continued)
City of Rochester (GO) Series A
5.000%, 02/01/20............................. $1,000 $1,053,880
City of Savage (GO) Series A
3.000%, 02/01/22............................. 325 333,024
City of Shoreview (GO) Series A
3.000%, 02/01/21............................. 290 297,082
City of State Cloud (GO) Series A
3.000%, 02/01/24............................. 450 462,037
City of State Cloud (RB)
(currency) 5.125%, 05/01/30 (Pre-refunded @ $100,
5/1/20)...................................... 300 318,084
City of State Francis (GO) Series A
3.000%, 02/01/19............................. 275 277,249
3.000%, 02/01/20............................. 285 290,506
City of State Louis Park (RB) Series C
(currency) 5.750%, 07/01/30 (Pre-refunded @ $100,
7/1/18)...................................... 200 201,320
City of State Paul (GO) Series B
5.000%, 11/01/20............................. 835 896,990
City of State Paul Sewer Revenue (RB) Series C-GREEN
BONDS
3.000%, 12/01/19............................. 250 254,573
City of Waconia (GO) Series A
3.000%, 02/01/23............................. 450 463,059
3.000%, 02/01/26............................. 820 842,862
City of West State Paul (GO) Series A
3.000%, 02/01/23............................. 230 237,406
City of Woodbury (GO) Series A
2.000%, 02/01/20............................. 135 135,207
2.000%, 02/01/22............................. 145 144,271
Cloquet Independent School District No. 94 (GO) Series A
(SD CRED PROG)
5.000%, 04/01/22............................. 910 1,003,593
County of Itasca (GO) Series A
5.000%, 02/01/24............................. 545 616,875
County of Olmsted (GO) Series A
4.000%, 02/01/27............................. 445 481,882
County of Sherburne (GO) Series A
3.000%, 02/01/24............................. 1,360 1,402,799
County of Swift (GO) Series A
3.000%, 02/01/23............................. 215 221,239
Dakota County Community Development Agency (RB) Series B
(CNTY GTD)
5.000%, 01/01/23............................. 1,180 1,327,335
Eden Prairie Independent School District No. 272 (GO)
Series C (SD CRED PROG)
5.000%, 02/01/20............................. 1,105 1,163,167
Edina Independent School District No. 273 (GO) Series B
(SD CRED PROG)
5.000%, 02/01/20............................. 1,000 1,053,000
183
DFA MN MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
MINNESOTA -- (Continued)
Fosston Independent School District No. 601 (GO) (SD
CRED PROG)
4.000%, 02/01/25............................. $ 550 $ 598,774
Hastings Independent School District No. 200 (GO) Series
A (SD CRED PROG)
5.000%, 02/01/21............................. 740 797,387
Hennepin County (GO) Series A
5.000%, 12/01/20............................. 400 430,760
5.000%, 12/01/22............................. 2,125 2,386,821
Hennepin County (GO) Series B
5.000%, 12/01/21............................. 2,000 2,202,660
Housing & Redevelopment Authority of The City of State
Paul Minnesota (RB)
(currency) 5.250%, 11/15/29 (Pre-refunded @ $100,
11/15/19).................................... 350 367,339
Itasca County (GO) Series A
5.000%, 02/01/23............................. 865 963,662
Lakeville Independent School District No. 194 (GO)
Series A (SD CRED PROG)
5.000%, 02/01/20............................. 345 363,161
Luverne Independent School District No. 2184 (GO) Series
A (SD CRED PROG)
4.000%, 02/01/21............................. 510 536,841
Mahtomedi Independent School District No. 832 (GO)
Series A (SD CRED PROG)
5.000%, 02/01/21............................. 175 188,913
Metropolitan Council (GO) Series C
4.000%, 03/01/20............................. 335 347,284
5.000%, 03/01/26............................. 1,550 1,830,023
Milaca Independent School District No. 912 (GO) Series A
(SD CRED PROG)
4.000%, 02/01/24............................. 830 895,321
Milaca Independent School District No. 912 (GO) Series A
(SD CRED PROG)
4.000%, 02/01/23............................. 825 883,105
Minneapolis Special School District No. 1 (GO) (SD CRED
PROG)
5.000%, 02/01/24............................. 1,200 1,371,372
Minnesota Higher Education Facilities Authority (RB)
Series 7-K2-HA
(currency) 6.000%, 10/01/40 (Pre-refunded @ $100,
10/1/21)..................................... 450 506,407
Minnesota Public Facilities Authority (RB) Series C
(currency) 3.250%, 03/01/24 (Pre-refunded @ $100,
3/1/20)...................................... 770 788,465
Minnesota State (GO)
5.000%, 08/01/20............................. 1,975 2,105,863
FACE
AMOUNT VALUE+
------ ------
(000)
MINNESOTA -- (Continued)
Minnesota State (GO) (ETM)
5.000%, 08/01/20............................. $ 25 $ 26,617
Minnesota State (GO) Series A
5.000%, 08/01/18............................. 125 126,009
5.000%, 10/01/20............................. 505 540,643
(currency) 5.000%, 08/01/23 (Pre-refunded @ $100,
8/1/20)...................................... 250 266,450
Minnesota State (GO) Series B
5.000%, 08/01/19............................. 1,500 1,558,890
5.000%, 08/01/19............................. 750 779,445
Minnesota State (GO) Series D
5.000%, 08/01/18............................. 800 806,456
5.000%, 08/01/19............................. 50 51,963
5.000%, 08/01/22............................. 1,820 2,027,061
Minnesota State (GO) Series F
5.000%, 10/01/18............................. 1,150 1,165,559
Minnesota State 911 Services Revenue (RB)
(currency) 5.000%, 06/01/20 (Pre-refunded @ $100,
6/1/19)...................................... 2,100 2,170,182
Minnesota State Colleges & Universities (RB) Series A
4.000%, 10/01/19............................. 100 103,127
Moorhead Independent School District No. 152 (GO) Series
A (SD CRED PROG)
4.000%, 02/01/24............................. 600 650,226
Morris Area Schools Independent School District No. 2769
(GO) Series A (SD CRED PROG)
4.000%, 02/01/23............................. 1,490 1,601,169
4.000%, 02/01/24............................. 300 324,777
New London-Spicer Independent School District No. 345
(GO) Series A (SD CRED PROG)
3.000%, 02/01/23............................. 150 154,080
New Prague Independent School District No. 721 (GO) (SD
CRED PROG)
4.000%, 02/01/20............................. 605 626,508
New Prague Independent School District No. 721 (GO)
Series A (SD CRED PROG)
5.000%, 02/01/20............................. 320 336,048
North Branch Independent School District No. 138 (GO)
Series A (SD CRED PROG)
5.000%, 02/01/20............................. 300 315,792
North St Paul-Maplewood-Oakdale Independent School
District No. 622 (GO) Series A (SD CRED PROG)
3.000%, 02/01/24............................. 255 262,472
North St Paul-Maplewood-Oakdale Independent School
District No. 622 (GO) Series A (SD CRED PROG)
5.000%, 02/01/22............................. 255 280,732
184
DFA MN MUNICIPAL BOND PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
MINNESOTA -- (Continued)
Northfield Independent School District No. 659
(GO) Series A (SD CRED PROG)
4.000%, 02/01/21............................. $500 $508,455
Olmsted County (GO) Series A
5.000%, 02/01/24............................. 675 772,956
Pine City Independent School District No. 578
(GO) Series A (SD CRED PROG)
2.000%, 02/01/21............................. 300 299,358
Rice County (GO)
3.000%, 02/01/20............................. 220 224,250
Robbinsdale Independent School District No. 281
(GO) Series A (SD CRED PROG)
5.000%, 02/01/20............................. 250 263,118
Rochester Independent School District No. 535
(GO) Series B (SD CRED PROG)
5.000%, 02/01/20............................. 205 215,791
5.000%, 02/01/22............................. 210 231,191
Rockford Independent School District No. 883
(GO) Series A (SD CRED PROG)
5.000%, 02/01/19............................. 200 204,768
State Michael-Albertville Independent School
District No. 885 (GO) Series A (SD CRED PROG)
4.000%, 02/01/19............................. 150 152,457
4.000%, 02/01/19............................. 305 309,996
FACE
AMOUNT VALUE+
------ ------
(000)
MINNESOTA -- (Continued)
Three Rivers Park District (GO) Series C
5.000%, 02/01/21............................. $1,060 $ 1,143,973
University of Minnesota (RB) Series B
4.000%, 01/01/20............................. 700 724,766
Washington County (GO) Series A
5.000%, 02/01/19............................. 150 153,645
5.000%, 02/01/21............................. 310 334,989
Watertown-Mayer Independent School District
No. 111 (GO) Series B (SD CRED PROG)
4.000%, 02/01/20............................. 500 517,860
Westonka Independent School District No. 277
(GO) Series A (SD CRED PROG)
2.000%, 02/01/20............................. 500 500,680
White Bear Lake Independent School District
No. 624 (GO) Series A (SD CRED PROG)
3.000%, 02/01/23............................. 350 358,361
-----------
TOTAL MUNICIPAL BONDS............................ 65,982,064
-----------
TOTAL INVESTMENTS -- (100.0%)
(Cost $67,642,564)............................. $65,982,064
===========
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
---------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
------- ----------- ------- -----------
Municipal Bonds. -- $65,982,064 -- $65,982,064
-- ----------- -- -----------
TOTAL........... -- $65,982,064 -- $65,982,064
== =========== == ===========
See accompanying Notes to Financial Statements.
185
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF ASSETS AND LIABILITIES
APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA
DFA TWO-YEAR SELECTIVELY DFA FIVE-YEAR
DFA ONE-YEAR GLOBAL FIXED HEDGED GLOBAL GLOBAL FIXED
FIXED INCOME INCOME FIXED INCOME INCOME
PORTFOLIO* PORTFOLIO* PORTFOLIO* PORTFOLIO*
-------------- -------------- -------------- --------------
ASSETS:
Investments at Value (including $374,672, $166,390, $21,361
and $56,052 of securities on loan, respectively)........... $ 7,946,027 $ 5,332,176 $ 1,161,011 $ 14,395,025
Temporary Cash Investments at Value & Cost.................. 79,176 -- -- --
Collateral from Securities on Loan Invested in Affiliate at
Value (including cost of $378,833, $170,002, $21,907
and $57,309)............................................... 378,846 170,006 21,908 57,311
Foreign Currencies at Value................................. -- 112 17 5,164
Cash........................................................ -- 38,180 8,689 94,819
Receivables:
Investment Securities Sold................................ 74,526 42,540 -- 1,942
Interest.................................................. 30,538 29,536 7,307 81,343
Securities Lending Income................................. 45 27 4 13
Fund Shares Sold.......................................... 14,514 3,484 229 10,151
Unrealized Gain on Forward Currency Contracts............... -- 20,373 9,592 198,389
Prepaid Expenses and Other Assets........................... 108 95 21 163
-------------- -------------- -------------- --------------
Total Assets........................................... 8,523,780 5,636,529 1,208,778 14,844,320
-------------- -------------- -------------- --------------
LIABILITIES:
Payables:
Due to Custodian.......................................... 154 -- -- --
Upon Return of Securities Loaned.......................... 378,873 170,003 21,909 57,328
Investment Securities Purchased........................... 89,348 53,157 5,016 40,279
Fund Shares Redeemed...................................... 23,917 2,613 176 10,676
Due to Advisor............................................ 985 665 145 3,024
Unrealized Loss on Forward Currency Contracts............... -- 276 -- 2,236
Unrealized Loss on Foreign Currency Contracts............... -- 11 -- 32
Accrued Expenses and Other Liabilities...................... 672 534 74 905
-------------- -------------- -------------- --------------
Total Liabilities...................................... 493,949 227,259 27,320 114,480
-------------- -------------- -------------- --------------
NET ASSETS.................................................. $ 8,029,831 $ 5,409,270 $ 1,181,458 $ 14,729,840
============== ============== ============== ==============
Institutional Class Shares -- based on net assets of
$8,029,831; $5,409,270; $1,181,458 and $14,729,840
and shares outstanding of 783,852,756; 547,042,580;
124,332,202 and 1,361,302,974, respectively................ $ 10.24 $ 9.89 $ 9.50 $ 10.82
============== ============== ============== ==============
NUMBER OF SHARES AUTHORIZED................................. 4,000,000,000 4,000,000,000 1,000,000,000 6,600,000,000
============== ============== ============== ==============
Investments at Cost......................................... $ 7,987,179 $ 5,378,225 $ 1,174,265 $ 14,606,392
============== ============== ============== ==============
Foreign Currencies at Cost.................................. $ -- $ 112 $ 17 $ 5,184
============== ============== ============== ==============
NET ASSETS CONSIST OF:
Paid-In Capital............................................. $ 8,078,642 $ 5,449,435 $ 1,263,046 $ 14,906,401
Undistributed Net Investment Income (Distributions in
Excess of Net Investment Income)........................... 4,842 1,179 1,895 (23,905)
Accumulated Net Realized Gain (Loss)........................ (12,514) (15,268) (79,758) (136,336)
Net Unrealized Foreign Exchange Gain (Loss)................. -- 19,969 9,528 195,065
Net Unrealized Appreciation (Depreciation).................. (41,139) (46,045) (13,253) (211,385)
-------------- -------------- -------------- --------------
NET ASSETS.................................................. $ 8,029,831 $ 5,409,270 $ 1,181,458 $ 14,729,840
============== ============== ============== ==============
----------
* See Note I in the Notes to Financial Statements for additional information
about securities lending collateral.
See accompanying Notes to Financial Statements.
186
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF ASSETS AND LIABILITIES
APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA WORLD EX DFA
U.S. DFA SHORT- INTERMEDIATE DFA SHORT-TERM
GOVERNMENT TERM GOVERNMENT EXTENDED
FIXED INCOME GOVERNMENT FIXED INCOME QUALITY
PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO*
-------------- -------------- -------------- --------------
ASSETS:
Investments at Value (including $0, $0, $0 and $165,737
of securities on loan, respectively)....................... $ 1,007,480 $ 2,270,233 $ 4,773,709 $ 5,803,502
Temporary Cash Investments at Value & Cost.................. -- 6,202 21,392 --
Collateral from Securities on Loan Invested in Affiliate at
Value (including cost of $0, $0, $0 and $169,712).......... -- -- -- 169,716
Foreign Currencies at Value................................. 1,258 -- -- 450
Cash........................................................ 4,335 -- -- 36,780
Receivables:
Investment Securities Sold................................ 9,772 14,556 -- --
Interest.................................................. 8,913 10,415 45,096 39,009
Securities Lending Income................................. -- -- -- 28
Fund Shares Sold.......................................... 315 1,640 3,754 5,213
Unrealized Gain on Forward Currency Contracts............... 23,048 -- -- 34,284
Prepaid Expenses and Other Assets........................... 20 41 47 91
-------------- -------------- -------------- --------------
Total Assets........................................... 1,055,141 2,303,087 4,843,998 6,089,073
-------------- -------------- -------------- --------------
LIABILITIES:
Payables:
Upon Return of Securities Loaned.......................... -- -- -- 169,706
Investment Securities Purchased........................... 13,247 14,458 10,770 10,433
Fund Shares Redeemed...................................... 775 5,386 1,792 3,766
Due to Advisor............................................ 149 319 397 960
Unrealized Loss on Forward Currency Contracts............... 241 -- -- 942
Unrealized Loss on Foreign Currency Contracts............... 2 -- -- --
Accrued Expenses and Other Liabilities...................... 64 166 304 324
-------------- -------------- -------------- --------------
Total Liabilities...................................... 14,478 20,329 13,263 186,131
-------------- -------------- -------------- --------------
NET ASSETS.................................................. $ 1,040,663 $ 2,282,758 $ 4,830,735 $ 5,902,942
============== ============== ============== ==============
Institutional Class Shares -- based on net assets of
$1,040,663; $2,282,758; $4,830,735 and $5,902,942
and shares outstanding of 101,495,242; 219,525,216;
403,155,251 and 552,105,862, respectively.................. $ 10.25 $ 10.40 $ 11.98 $ 10.69
============== ============== ============== ==============
NUMBER OF SHARES AUTHORIZED................................. 1,000,000,000 1,500,000,000 1,700,000,000 3,000,000,000
============== ============== ============== ==============
Investments at Cost......................................... $ 979,235 $ 2,327,062 $ 4,963,134 $ 5,910,242
============== ============== ============== ==============
Foreign Currencies at Cost.................................. $ 1,261 $ -- $ -- $ 458
============== ============== ============== ==============
NET ASSETS CONSIST OF:
Paid-In Capital............................................. $ 1,010,522 $ 2,339,393 $ 5,009,511 $ 5,966,132
Undistributed Net Investment Income (Distributions in
Excess of Net Investment Income)........................... (6,653) 4,128 13,141 15,895
Accumulated Net Realized Gain (Loss)........................ (14,171) (3,934) (2,492) (5,367)
Net Unrealized Foreign Exchange Gain (Loss)................. 22,723 -- -- 33,026
Net Unrealized Appreciation (Depreciation).................. 28,242 (56,829) (189,425) (106,744)
-------------- -------------- -------------- --------------
NET ASSETS.................................................. $ 1,040,663 $ 2,282,758 $ 4,830,735 $ 5,902,942
============== ============== ============== ==============
----------
* See Note I in the Notes to Financial Statements for additional information
about securities lending collateral.
See accompanying Notes to Financial Statements.
187
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF ASSETS AND LIABILITIES
APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA
INTERMEDIATE- DFA GLOBAL
TERM EXTENDED DFA TARGETED CORE PLUS DFA
QUALITY CREDIT FIXED INCOME INVESTMENT
PORTFOLIO* PORTFOLIO* PORTFOLIO GRADE PORTFOLIO*
-------------- -------------- ------------ ----------------
ASSETS:
Investments at Value (including $170,170, $45,324, $0 and
$370,814 of securities on loan, respectively).............. $ 1,825,315 $ 579,484 $ 408,158 $ 8,358,483
Collateral from Securities on Loan Invested in Affiliate at
Value (including cost of $174,250, $46,416, $0 and
$379,412).................................................. 174,251 46,416 -- 379,422
Foreign Currencies at Value................................. -- 55 112 --
Cash........................................................ 2,148 4,872 4,876 27,500
Receivables:
Investment Securities Sold................................ 78 -- -- 28,628
Interest.................................................. 17,676 4,986 3,873 78,778
Securities Lending Income................................. 41 10 -- 86
Fund Shares Sold.......................................... 2,756 673 667 14,596
Unrealized Gain on Forward Currency Contracts............... -- 1,766 6,335 6,409
Deferred Offering Costs..................................... -- -- 45 --
Prepaid Expenses and Other Assets........................... 32 29 18 149
-------------- -------------- ------------ --------------
Total Assets........................................... 2,022,297 638,291 424,084 8,894,051
-------------- -------------- ------------ --------------
LIABILITIES:
Payables:
Upon Return of Securities Loaned.......................... 174,275 46,419 -- 379,482
Investment Securities Purchased........................... -- 746 2,807 43,907
Fund Shares Redeemed...................................... 1,409 722 133 6,053
Due to Advisor............................................ 307 82 78 1,401
Unrealized Loss on Forward Currency Contracts............... -- -- 2 --
Unrealized Loss on Foreign Currency Contracts............... -- -- 4 --
Accrued Expenses and Other Liabilities...................... 86 33 6 360
-------------- -------------- ------------ --------------
Total Liabilities...................................... 176,077 48,002 3,030 431,203
-------------- -------------- ------------ --------------
NET ASSETS.................................................. $ 1,846,220 $ 590,289 $ 421,054 $ 8,462,848
============== ============== ============ ==============
Institutional Class Shares -- based on net assets of
$1,846,220; $590,289; $421,054 and $8,462,848 and
shares outstanding of 179,382,966; 59,904,701;
42,700,343 and 806,932,385, respectively................... $ 10.29 $ 9.85 $ 9.86 $ 10.49
============== ============== ============ ==============
NUMBER OF SHARES AUTHORIZED................................. 2,000,000,000 1,000,000,000 500,000,000 2,000,000,000
============== ============== ============ ==============
Investments at Cost......................................... $ 1,903,839 $ 589,582 $ 417,036 $ 8,644,708
============== ============== ============ ==============
Foreign Currencies at Cost.................................. $ -- $ 55 $ 113 $ --
============== ============== ============ ==============
NET ASSETS CONSIST OF:
Paid-In Capital............................................. $ 1,926,027 $ 598,321 $ 425,345 $ 8,731,431
Undistributed Net Investment Income (Distributions in
Excess of Net Investment Income)........................... 2,091 3,018 865 30,043
Accumulated Net Realized Gain (Loss)........................ (3,375) (2,715) (2,561) (18,725)
Net Unrealized Foreign Exchange Gain (Loss)................. -- 1,763 6,284 6,314
Net Unrealized Appreciation (Depreciation).................. (78,523) (10,098) (8,879) (286,215)
-------------- -------------- ------------ --------------
NET ASSETS.................................................. $ 1,846,220 $ 590,289 $ 421,054 $ 8,462,848
============== ============== ============ ==============
----------
* See Note I in the Notes to Financial Statements for additional information
about securities lending collateral.
See accompanying Notes to Financial Statements.
188
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF ASSETS AND LIABILITIES
APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA DFA INFLATION- DFA SHORT-
DIVERSIFIED PROTECTED DURATION REAL
FIXED INCOME DFA LTIP SECURITIES RETURN
PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO*
-------------- -------------- -------------- --------------
ASSETS:
Investments in Affiliated Investment Companies at Value..... $ 554,606 -- -- --
Investments at Value (including $0, $0, $0 and $89,842 of
securities on loan, respectively).......................... 137,013 $ 173,825 $ 4,589,295 $ 1,234,133
Temporary Cash Investments at Value & Cost.................. 2,671 -- 12,606 --
Collateral from Securities on Loan Invested in Affiliate at
Value (including cost of $0, $0, $0 and $91,879)........... -- -- -- 91,881
Foreign Currencies at Value................................. -- -- -- 95
Segregated Cash for Swap Contracts.......................... -- -- -- 11,843
Cash........................................................ -- 775 -- 15,853
Receivables:
Investment Securities Sold................................ -- -- -- 240
Interest.................................................. 259 323 10,705 8,294
Securities Lending Income................................. -- -- -- 18
Fund Shares Sold.......................................... 5,102 365 3,970 2,643
Unrealized Gain on Swap Contracts........................... -- -- -- 15,884
Unrealized Gain on Forward Currency Contracts............... -- -- -- 4,385
Prepaid Expenses and Other Assets........................... 48 13 50 31
-------------- -------------- -------------- --------------
Total Assets........................................... 699,699 175,301 4,616,626 1,385,300
-------------- -------------- -------------- --------------
LIABILITIES:
Payables:
Upon Return of Securities Loaned.......................... -- -- -- 91,880
Investment Securities Purchased........................... -- 429 -- 7,502
Fund Shares Redeemed...................................... 616 9 8,323 827
Due to Advisor............................................ 10 18 381 209
Segregated Cash for Swap Contracts........................ -- -- -- 11,843
Unrealized Loss on Swap Contracts........................... -- -- -- 1,129
Accrued Expenses and Other Liabilities...................... 4 5 233 88
-------------- -------------- -------------- --------------
Total Liabilities...................................... 630 461 8,937 113,478
-------------- -------------- -------------- --------------
NET ASSETS.................................................. $ 699,069 $ 174,840 $ 4,607,689 $ 1,271,822
============== ============== ============== ==============
Institutional Class Shares -- based on net assets of
$699,069; $174,840; $4,607,689 and $1,271,822 and
shares outstanding of 73,349,939; 18,692,580;
397,546,983 and 128,904,343, respectively.................. $ 9.53 $ 9.35 $ 11.59 $ 9.87
============== ============== ============== ==============
NUMBER OF SHARES AUTHORIZED................................. 1,000,000,000 1,000,000,000 1,500,000,000 1,500,000,000
============== ============== ============== ==============
Investments in Affiliated Investment Companies at Cost...... $ 570,189 $ -- $ -- $ --
============== ============== ============== ==============
Investments at Cost......................................... $ 139,147 $ 171,923 $ 4,618,592 $ 1,254,790
============== ============== ============== ==============
Foreign Currencies at Cost.................................. $ -- $ -- $ -- $ 96
============== ============== ============== ==============
NET ASSETS CONSIST OF:
Paid-In Capital............................................. $ 715,570 $ 172,308 $ 4,620,065 $ 1,286,332
Undistributed Net Investment Income (Distributions in
Excess of Net Investment Income)........................... 936 1,194 23,568 3,174
Accumulated Net Realized Gain (Loss)........................ 280 (564) (6,647) (16,106)
Net Unrealized Foreign Exchange Gain (Loss)................. -- -- -- 4,323
Net Unrealized Appreciation (Depreciation).................. (17,717) 1,902 (29,297) (5,901)
-------------- -------------- -------------- --------------
NET ASSETS.................................................. $ 699,069 $ 174,840 $ 4,607,689 $ 1,271,822
============== ============== ============== ==============
----------
* See Note I in the Notes to Financial Statements for additional information
about securities lending collateral.
See accompanying Notes to Financial Statements.
189
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF ASSETS AND LIABILITIES
APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA CALIFORNIA DFA SHORT-
DFA MUNICIPAL MUNICIPAL REAL TERM
REAL RETURN RETURN DFA MUNICIPAL MUNICIPAL
PORTFOLIO PORTFOLIO BOND PORTFOLIO BOND PORTFOLIO
-------------- -------------- -------------- --------------
ASSETS:
Investments at Value................................. $ 772,773 $ 78,389 $ 409,032 $ 2,530,913
Segregated Cash for Swap Contracts................... 10,318 530 -- --
Cash................................................. 12,140 4,818 6,266 12,489
Receivables:
Interest........................................... 8,642 1,024 5,489 36,641
Fund Shares Sold................................... 940 -- 2,167 2,707
Unrealized Gain on Swap Contracts.................... 19,291 864 -- --
Deferred Offering Costs.............................. -- 30 -- --
Prepaid Expenses and Other Assets.................... 23 3 35 68
-------------- ------------ -------------- --------------
Total Assets.................................... 824,127 85,658 422,989 2,582,818
-------------- ------------ -------------- --------------
LIABILITIES:
Payables:
Investment Securities Purchased.................... 2,029 -- 4,761 2,401
Fund Shares Redeemed............................... 686 -- 874 3,014
Due to Advisor..................................... 133 13 68 425
Due to Broker...................................... 24 -- -- --
Segregated Cash for Swap Contracts................. 10,318 530 -- --
Accrued Expenses and Other Liabilities............... 51 7 18 160
-------------- ------------ -------------- --------------
Total Liabilities............................... 13,241 550 5,721 6,000
-------------- ------------ -------------- --------------
NET ASSETS........................................... $ 810,886 $ 85,108 $ 417,268 $ 2,576,818
============== ============ ============== ==============
Institutional Class Shares -- based on net assets of
$810,886; $85,108; $417,268 and $2,576,818 and
shares outstanding of 82,692,554; 8,606,755;
41,819,048 and 255,127,154, respectively............ $ 9.81 $ 9.89 $ 9.98 $ 10.10
============== ============ ============== ==============
NUMBER OF SHARES AUTHORIZED.......................... 1,000,000,000 500,000,000 1,000,000,000 1,500,000,000
============== ============ ============== ==============
Investments at Cost.................................. $ 791,943 $ 79,993 $ 415,265 $ 2,546,095
============== ============ ============== ==============
NET ASSETS CONSIST OF:
Paid-In Capital...................................... $ 813,008 $ 85,809 $ 423,330 $ 2,591,381
Undistributed Net Investment Income (Distributions
in Excess of Net Investment Income)................. 423 39 199 942
Accumulated Net Realized Gain (Loss)................. (2,666) -- (28) (323)
Net Unrealized Appreciation (Depreciation)........... 121 (740) (6,233) (15,182)
-------------- ------------ -------------- --------------
NET ASSETS........................................... $ 810,886 $ 85,108 $ 417,268 $ 2,576,818
============== ============ ============== ==============
See accompanying Notes to Financial Statements.
190
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF ASSETS AND LIABILITIES
APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA DFA CALIFORNIA
INTERMEDIATE- DFA CALIFORNIA INTERMEDIATE-
TERM SHORT-TERM TERM
MUNICIPAL MUNICIPAL MUNICIPAL
BOND PORTFOLIO BOND PORTFOLIO BOND PORTFOLIO
-------------- -------------- --------------
ASSETS:
Investments at Value................................................ $ 1,731,200 $ 1,073,528 $ 394,079
Cash................................................................ 1,322 8,214 4,118
Receivables:
Interest.......................................................... 20,483 15,298 4,964
Fund Shares Sold.................................................. 4,366 2,062 1,665
Prepaid Expenses and Other Assets................................... 50 51 13
-------------- -------------- --------------
Total Assets................................................... 1,757,421 1,099,153 404,839
-------------- -------------- --------------
LIABILITIES:
Payables:
Investment Securities Purchased................................... -- 5,575 1,597
Fund Shares Redeemed.............................................. 2,712 533 970
Due to Advisor.................................................... 289 180 65
Accrued Expenses and Other Liabilities.............................. 72 55 16
-------------- -------------- --------------
Total Liabilities.............................................. 3,073 6,343 2,648
-------------- -------------- --------------
NET ASSETS.......................................................... $ 1,754,348 $ 1,092,810 $ 402,191
============== ============== ==============
Institutional Class Shares -- based on net assets of $1,754,348;
$1,092,810 and $402,191 and shares outstanding of 176,123,095;
106,889,040 and 38,857,484, respectively........................... $ 9.96 $ 10.22 $ 10.35
============== ============== ==============
NUMBER OF SHARES AUTHORIZED......................................... 1,500,000,000 1,000,000,000 1,000,000,000
============== ============== ==============
Investments at Cost................................................. $ 1,752,341 $ 1,078,188 $ 397,007
============== ============== ==============
NET ASSETS CONSIST OF:
Paid-In Capital..................................................... $ 1,774,663 $ 1,097,192 $ 404,934
Undistributed Net Investment Income (Distributions in Excess of Net
Investment Income)................................................. 941 384 205
Accumulated Net Realized Gain (Loss)................................ (115) (106) (20)
Net Unrealized Appreciation (Depreciation).......................... (21,141) (4,660) (2,928)
-------------- -------------- --------------
NET ASSETS.......................................................... $ 1,754,348 $ 1,092,810 $ 402,191
============== ============== ==============
See accompanying Notes to Financial Statements.
191
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF ASSETS AND LIABILITIES
APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA NY DFA MN
MUNICIPAL MUNICIPAL
BOND PORTFOLIO BOND PORTFOLIO
-------------- --------------
ASSETS:
Investments at Value................................................................ $ 92,391 $ 65,982
Cash................................................................................ 1,208 339
Receivables:
Interest.......................................................................... 1,197 801
Fund Shares Sold.................................................................. 11 1,065
Deferred Offering Costs............................................................. -- 17
Prepaid Expenses and Other Assets................................................... 14 5
-------------- ------------
Total Assets................................................................... 94,821 68,209
-------------- ------------
LIABILITIES:
Payables:
Investment Securities Purchased................................................... -- 336
Fund Shares Redeemed.............................................................. 93 1,087
Due to Advisor.................................................................... 17 10
Accrued Expenses and Other Liabilities.............................................. 7 7
-------------- ------------
Total Liabilities.............................................................. 117 1,440
-------------- ------------
NET ASSETS.......................................................................... $ 94,704 $ 66,769
============== ============
Institutional Class Shares -- based on net assets of $94,704 and $66,769 and shares
outstanding of 9,377,683 and 6,853,088, respectively............................... $ 10.10 $ 9.74
============== ============
NUMBER OF SHARES AUTHORIZED......................................................... 1,000,000,000 500,000,000
============== ============
Investments at Cost................................................................. $ 92,991 $ 67,643
============== ============
NET ASSETS CONSIST OF:
Paid-In Capital..................................................................... $ 95,275 $ 68,423
Undistributed Net Investment Income (Distributions in Excess of Net Investment
Income)............................................................................ 40 25
Accumulated Net Realized Gain (Loss)................................................ (11) (18)
Net Unrealized Appreciation (Depreciation).......................................... (600) (1,661)
-------------- ------------
NET ASSETS.......................................................................... $ 94,704 $ 66,769
============== ============
See accompanying Notes to Financial Statements.
192
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS)
DFA
SELECTIVELY
DFA ONE- DFA TWO- HEDGED DFA FIVE-
YEAR FIXED YEAR GLOBAL GLOBAL FIXED YEAR GLOBAL
INCOME FIXED INCOME INCOME FIXED INCOME
PORTFOLIO# PORTFOLIO# PORTFOLIO# PORTFOLIO#
---------- ------------ ------------ ------------
INVESTMENT INCOME
Interest................................................ $ 65,581 $ 45,401 $ 9,750 $ 107,006
Income from Securities Lending.......................... 181 116 18 94
-------- -------- -------- ---------
Total Investment Income.............................. 65,762 45,517 9,768 107,100
-------- -------- -------- ---------
EXPENSES
Investment Management Fees.............................. 5,832 3,952 869 17,925
Accounting & Transfer Agent Fees........................ 238 219 40 689
Custodian Fees.......................................... 72 83 16 204
Filing Fees............................................. 93 68 20 143
Shareholders' Reports................................... 90 70 12 209
Directors'/Trustees' Fees & Expenses.................... 30 21 5 56
Professional Fees....................................... 45 32 7 86
Other................................................... 86 63 15 163
-------- -------- -------- ---------
Total Expenses....................................... 6,486 4,508 984 19,475
-------- -------- -------- ---------
Fees Paid Indirectly (Note C)........................... -- (24) -- (43)
-------- -------- -------- ---------
Net Expenses............................................ 6,486 4,484 984 19,432
-------- -------- -------- ---------
NET INVESTMENT INCOME (LOSS)............................ 59,276 41,033 8,784 87,668
-------- -------- -------- ---------
REALIZED AND UNREALIZED GAIN (LOSS)
Net Realized Gain (Loss) on:
Investment Securities Sold**.......................... (9,297) (18,021) (920) (56,213)
Affiliated Investment Companies Shares Sold........... (40) (14) (3) (18)
Foreign Currency Transactions......................... -- (79) (16) (178)
Forward Currency Contracts............................ -- 10,272 (6,289) (79,891)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency............ (30,665) (29,264) (12,750) (186,866)
Affiliated Investment Companies Shares................ 17 6 1 4
Translation of Foreign Currency Denominated Amounts... -- 61 (45) (791)
Forward Currency Contracts............................ -- (6,652) 12,169 121,553
-------- -------- -------- ---------
NET REALIZED AND UNREALIZED GAIN (LOSS)................. (39,985) (43,691) (7,853) (202,400)
-------- -------- -------- ---------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM
OPERATIONS............................................... $ 19,291 $ (2,658) $ 931 $(114,732)
======== ======== ======== =========
----------
**Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively.
# Portion of income is from investment in affiliated fund.
See accompanying Notes to Financial Statements.
193
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS)
DFA WORLD EX DFA DFA SHORT-
U.S. DFA SHORT- INTERMEDIATE TERM
GOVERNMENT TERM GOVERNMENT EXTENDED
FIXED INCOME GOVERNMENT FIXED INCOME QUALITY
PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO#
------------ ---------- ------------ ----------
INVESTMENT INCOME
Interest................................................. $ 5,845 $ 17,710 $ 53,895 $ 56,071
Income from Securities Lending........................... -- -- -- 101
-------- -------- --------- ---------
Total Investment Income............................... 5,845 17,710 53,895 56,172
-------- -------- --------- ---------
EXPENSES
Investment Management Fees............................... 886 1,906 2,351 5,728
Accounting & Transfer Agent Fees......................... 34 95 305 280
Custodian Fees........................................... 34 11 22 53
Filing Fees.............................................. 20 30 33 72
Shareholders' Reports.................................... 12 32 70 83
Directors'/Trustees' Fees & Expenses..................... 4 9 18 22
Professional Fees........................................ 6 14 28 34
Other.................................................... 11 26 52 64
-------- -------- --------- ---------
Total Expenses........................................ 1,007 2,123 2,879 6,336
-------- -------- --------- ---------
Fees (Waived), (Expenses Reimbursed), and/or Previously
Waived Fees Recovered by Advisor (Note C)............... (22) -- -- (35)
Fees Paid Indirectly (Note C)............................ (10) -- -- --
-------- -------- --------- ---------
Net Expenses............................................. 975 2,123 2,879 6,301
-------- -------- --------- ---------
NET INVESTMENT INCOME (LOSS)............................. 4,870 15,587 51,016 49,871
-------- -------- --------- ---------
REALIZED AND UNREALIZED GAIN (LOSS)
Net Realized Gain (Loss) on:
Investment Securities Sold**........................... 15,648 (3,606) (2,209) (3,580)
Affiliated Investment Companies Shares Sold............ -- -- -- (8)
Foreign Currency Transactions.......................... 362 -- -- 38
Forward Currency Contracts............................. (29,817) -- -- (1,817)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency............. 1,894 (39,797) (177,536) (107,915)
Affiliated Investment Companies Shares................. -- -- -- 3
Translation of Foreign Currency Denominated Amounts.... (185) -- -- (288)
Forward Currency Contracts............................. 12,530 -- -- 24,176
-------- -------- --------- ---------
NET REALIZED AND UNREALIZED GAIN (LOSS).................. 432 (43,403) (179,745) (89,391)
-------- -------- --------- ---------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM
OPERATIONS................................................ $ 5,302 $(27,816) $(128,729) $ (39,520)
======== ======== ========= =========
----------
**Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively.
# Portion of income is from investment in affiliated fund.
See accompanying Notes to Financial Statements.
194
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS)
DFA
INTERMEDIATE-
TERM DFA GLOBAL DFA
EXTENDED DFA TARGETED CORE PLUS INVESTMENT
QUALITY CREDIT FIXED INCOME GRADE
PORTFOLIO# PORTFOLIO# PORTFOLIO(A) PORTFOLIO#
------------- ------------ ------------ ----------
INVESTMENT INCOME
Income Distributions Received from Affiliated Investment
Companies...................................................... -- -- -- $ 2
-------- -------- ------- ---------
Total Net Investment Income Received from Affiliated
Investment Companies........................................ -- -- -- 2
-------- -------- ------- ---------
Interest........................................................ $ 30,536 $ 6,530 $ 1,756 110,115
Income from Securities Lending.................................. 211 47 -- 623
-------- -------- ------- ---------
Total Investment Income...................................... 30,747 6,577 1,756 110,740
-------- -------- ------- ---------
EXPENSES
Investment Management Fees...................................... 1,840 523 265 8,320
Accounting & Transfer Agent Fees................................ 69 32 4 300
Custodian Fees.................................................. 10 5 -- 47
Filing Fees..................................................... 31 20 5 148
Shareholders' Reports........................................... 20 8 2 99
Directors'/Trustees' Fees & Expenses............................ 7 2 -- 33
Professional Fees............................................... 11 4 1 49
Organizational & Offering Costs................................. -- -- 19 --
Other........................................................... 20 6 1 93
-------- -------- ------- ---------
Total Expenses............................................... 2,008 600 297 9,089
-------- -------- ------- ---------
Fees (Waived), (Expenses Reimbursed), and/or Previously Waived
Fees Recovered by Advisor (Note C)............................. 16 (50) (7) 65
-------- -------- ------- ---------
Net Expenses.................................................... 2,024 550 290 9,154
-------- -------- ------- ---------
NET INVESTMENT INCOME (LOSS).................................... 28,723 6,027 1,466 101,586
-------- -------- ------- ---------
REALIZED AND UNREALIZED GAIN (LOSS)
Net Realized Gain (Loss) on:
Investment Securities Sold**.................................. (3,346) (287) (2,542) (15,454)
Affiliated Investment Companies Shares Sold................... (24) (4) -- (82)
Foreign Currency Transactions................................. -- 24 (78) (5)
Forward Currency Contracts.................................... -- (2,448) 59 (432)
In-Kind Redemptions........................................... -- -- -- (1)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities**....................................... (90,693) (10,641) (8,879) (319,098)
Affiliated Investment Companies Shares........................ 4 -- -- 17
Translation of Foreign Currency Denominated Amounts........... -- 4 (49) (82)
Forward Currency Contracts.................................... -- 910 6,333 4,183
-------- -------- ------- ---------
NET REALIZED AND UNREALIZED GAIN (LOSS)......................... (94,059) (12,442) (5,156) (330,954)
-------- -------- ------- ---------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM
OPERATIONS....................................................... $(65,336) $ (6,415) $(3,690) $(229,368)
======== ======== ======= =========
----------
**Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively.
# Portion of income is from investment in affiliated fund.
(a)The Portfolio commenced operations on January 11, 2018.
See accompanying Notes to Financial Statements.
195
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS)
DFA
DFA INFLATION- DFA SHORT-
DIVERSIFIED PROTECTED DURATION REAL
FIXED INCOME DFA LTIP SECURITIES RETURN
PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO#
------------ --------- ---------- -------------
INVESTMENT INCOME
Income Distributions............................................ $ 4,622 -- -- --
-------- ------ -------- --------
Total Net Investment Income Received from Affiliated
Investment Companies........................................ 4,622 -- -- --
-------- ------ -------- --------
Interest........................................................ 1,819 $2,847 $ 73,247 $ 11,441
Income from Securities Lending.................................. -- -- -- 80
-------- ------ -------- --------
Total Investment Income...................................... 6,441 2,847 73,247 11,521
-------- ------ -------- --------
EXPENSES
Investment Management Fees...................................... 369 74 2,273 1,194
Accounting & Transfer Agent Fees................................ 7 5 149 52
Custodian Fees.................................................. 1 1 21 22
Filing Fees..................................................... 33 9 53 31
Shareholders' Reports........................................... 5 1 59 25
Directors'/Trustees' Fees & Expenses............................ 2 1 17 4
Professional Fees............................................... 2 1 26 8
Other........................................................... 2 2 49 14
-------- ------ -------- --------
Total Expenses............................................... 421 94 2,647 1,350
-------- ------ -------- --------
Fees (Waived), (Expenses Reimbursed), and/or Previously Waived
Fees Recovered by Advisor (Note C)............................. (301) 18 -- 20
-------- ------ -------- --------
Net Expenses.................................................... 120 112 2,647 1,370
-------- ------ -------- --------
NET INVESTMENT INCOME (LOSS).................................... 6,321 2,735 70,600 10,151
-------- ------ -------- --------
REALIZED AND UNREALIZED GAIN (LOSS)
Capital Gain Distributions Received from Investment Securities.. 302 -- -- --
Net Realized Gain (Loss) on:
Investment Securities Sold**.................................. (21) (152) (4,690) (1,454)
Affiliated Investment Companies Shares Sold................... -- -- -- (8)
Swap Contracts................................................ -- -- -- 284
Foreign Currency Transactions................................. -- -- -- 8
Forward Currency Contracts.................................... -- -- -- 1,421
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency.................... (1,816) (152) (84,476) (20,279)
Affiliated Investment Companies Shares........................ (13,476) -- -- 1
Swap Contracts................................................ -- -- -- 10,577
Translation of Foreign Currency Denominated Amounts........... -- -- -- (54)
Forward Currency Contracts.................................... -- -- -- 767
-------- ------ -------- --------
NET REALIZED AND UNREALIZED GAIN (LOSS)......................... (15,011) (304) (89,166) (8,737)
-------- ------ -------- --------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM
OPERATIONS....................................................... $ (8,690) $2,431 $(18,566) $ 1,414
======== ====== ======== ========
----------
**Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively.
# Portion of income is from investment in affiliated fund.
See accompanying Notes to Financial Statements.
196
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS)
DFA DFA
DFA CALIFORNIA DFA SHORT-TERM
MUNICIPAL MUNICIPAL MUNICIPAL MUNICIPAL
REAL RETURN REAL RETURN BOND BOND
PORTFOLIO PORTFOLIO(A) PORTFOLIO PORTFOLIO
----------- ------------ --------- ----------
INVESTMENT INCOME
Interest........................................................ $ 6,662 $ 478 $ 2,946 $ 16,474
-------- ------- ------- --------
Total Investment Income...................................... 6,662 478 2,946 16,474
-------- ------- ------- --------
EXPENSES
Investment Management Fees...................................... 775 63 380 2,548
Accounting & Transfer Agent Fees................................ 24 3 12 79
Custodian Fees.................................................. 23 6 2 12
Filing Fees..................................................... 22 2 23 71
Shareholders' Reports........................................... 5 -- 3 23
Directors'/Trustees' Fees & Expenses............................ 3 -- 1 10
Professional Fees............................................... 5 -- 2 15
Organizational & Offering Costs................................. -- 29 -- --
Other........................................................... 53 2 5 29
-------- ------- ------- --------
Total Expenses............................................... 910 105 428 2,787
-------- ------- ------- --------
Fees (Waived), (Expenses Reimbursed), and/or Previously Waived
Fees Recovered by Advisor (Note C)............................. -- (10) 9 --
Fees Paid Indirectly (Note C)................................... (38) (2) (12) (78)
-------- ------- ------- --------
Net Expenses.................................................... 872 93 425 2,709
-------- ------- ------- --------
NET INVESTMENT INCOME (LOSS).................................... 5,790 385 2,521 13,765
-------- ------- ------- --------
REALIZED AND UNREALIZED GAIN (LOSS)
Net Realized Gain (Loss) on:
Investment Securities Sold**.................................. (24) -- (1) (218)
Swap Contracts................................................ 23 -- -- --
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities......................................... (22,234) (1,604) (7,893) (21,567)
Swap Contracts................................................ 11,472 864 -- --
-------- ------- ------- --------
NET REALIZED AND UNREALIZED GAIN (LOSS)......................... (10,763) (740) (7,894) (21,785)
-------- ------- ------- --------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS... $ (4,973) $ (355) $(5,373) $ (8,020)
======== ======= ======= ========
----------
**Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively.
(a)The Portfolio commenced operations on November 1, 2017.
See accompanying Notes to Financial Statements.
197
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS)
DFA
DFA DFA CALIFORNIA
INTERMEDIATE- CALIFORNIA INTERMEDIATE-
TERM SHORT-TERM TERM
MUNICIPAL MUNICIPAL MUNICIPAL
BOND BOND BOND
PORTFOLIO PORTFOLIO PORTFOLIO
------------- ---------- -------------
INVESTMENT INCOME
Interest............................................................. $ 14,693 $ 6,229 $ 3,052
-------- ------- -------
Total Investment Income........................................... 14,693 6,229 3,052
-------- ------- -------
EXPENSES
Investment Management Fees........................................... 1,702 1,048 368
Accounting & Transfer Agent Fees..................................... 57 29 11
Custodian Fees....................................................... 8 5 2
Filing Fees.......................................................... 53 14 11
Shareholders' Reports................................................ 17 8 3
Directors'/Trustees' Fees & Expenses................................. 7 4 1
Professional Fees.................................................... 10 6 2
Other................................................................ 22 12 5
-------- ------- -------
Total Expenses.................................................... 1,876 1,126 403
-------- ------- -------
Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees
Recovered by Advisor (Note C)....................................... 23 -- 10
Fees Paid Indirectly (Note C)........................................ (51) (33) (10)
-------- ------- -------
Net Expenses......................................................... 1,848 1,093 403
-------- ------- -------
NET INVESTMENT INCOME (LOSS)......................................... 12,845 5,136 2,649
-------- ------- -------
REALIZED AND UNREALIZED GAIN (LOSS)
Net Realized Gain (Loss) on:
Investment Securities Sold**....................................... (10) (83) (11)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities.............................................. (39,996) (9,058) (8,168)
-------- ------- -------
NET REALIZED AND UNREALIZED GAIN (LOSS).............................. (40,006) (9,141) (8,179)
-------- ------- -------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS........ $(27,161) $(4,005) $(5,530)
======== ======= =======
----------
**Net of foreign capital gain taxes withheld of $0, $0 and $0, respectively.
See accompanying Notes to Financial Statements.
198
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS)
DFA NY DFA MN
MUNICIPAL MUNICIPAL
BOND BOND
PORTFOLIO PORTFOLIO
--------- ---------
INVESTMENT INCOME
Interest.................................................................................. $ 649 $ 445
------- -------
Total Investment Income................................................................ 649 445
------- -------
EXPENSES
Investment Management Fees................................................................ 92 80
Accounting & Transfer Agent Fees.......................................................... 4 3
Custodian Fees............................................................................ 1 1
Filing Fees............................................................................... 10 3
Shareholders' Reports..................................................................... 1 --
Professional Fees......................................................................... 1 --
Organizational & Offering Costs........................................................... -- 38
Other..................................................................................... -- 2
------- -------
Total Expenses......................................................................... 109 127
------- -------
Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor
(Note C)................................................................................. 5 (25)
Fees Paid Indirectly (Note C)............................................................. (4) (2)
------- -------
Net Expenses.............................................................................. 110 100
------- -------
NET INVESTMENT INCOME (LOSS).............................................................. 539 345
------- -------
REALIZED AND UNREALIZED GAIN (LOSS)
Net Realized Gain (Loss) on:
Investment Securities Sold**............................................................ (9) (18)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities................................................................... (1,306) (1,362)
------- -------
NET REALIZED AND UNREALIZED GAIN (LOSS)................................................... (1,315) (1,380)
------- -------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS............................. $ (776) $(1,035)
======= =======
----------
**Net of foreign capital gain taxes withheld of $0, and $0, respectively.
See accompanying Notes to Financial Statements.
199
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF CHANGES IN NET ASSETS
(AMOUNTS IN THOUSANDS)
DFA SELECTIVELY
DFA ONE-YEAR FIXED DFA TWO-YEAR GLOBAL HEDGED GLOBAL FIXED
INCOME PORTFOLIO FIXED INCOME PORTFOLIO INCOME PORTFOLIO
------------------------ ---------------------- ----------------------
SIX MONTHS YEAR SIX MONTHS YEAR SIX MONTHS YEAR
ENDED ENDED ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, APRIL 30, OCT. 31, APRIL 30, OCT. 31,
2018 2017 2018 2017 2018 2017
----------- ----------- ---------- ---------- ---------- ----------
(UNAUDITED) (UNAUDITED) (UNAUDITED)
INCREASE (DECREASE) IN NET ASSETS
Operations:
Net Investment Income (Loss)....... $ 59,276 $ 78,106 $ 41,033 $ 60,188 $ 8,784 $ 18,914
Net Realized Gain (Loss) on:
Investment Securities Sold*....... (9,297) (3,170) (18,021) (9,125) (920) 1,096
Affiliated Investment
Companies Shares Sold............ (40) (5) (14) 10 (3) --
Foreign Currency
Transactions..................... -- -- (79) (6) (16) 32
Forward Currency Contracts........ -- -- 10,272 (15,260) (6,289) (1,675)
Change in Unrealized
Appreciation (Depreciation) of:
Investment Securities and
Foreign Currency................. (30,665) (11,738) (29,264) (12,838) (12,750) (6,683)
Affiliated Investment
Companies Shares Sold............ 17 (10) 6 (11) 1 --
Translation of Foreign Currency
Denominated Amounts.............. -- -- 61 (181) (45) (19)
Forward Currency Contracts........ -- -- (6,652) 25,152 12,169 (893)
----------- ----------- ---------- ---------- ---------- ----------
Net Increase (Decrease) in
Net Assets Resulting from
Operations...................... 19,291 63,183 (2,658) 47,929 931 10,772
----------- ----------- ---------- ---------- ---------- ----------
Distributions From:
Net Investment Income:
Institutional Class Shares........ (54,425) (75,756) (48,469) (46,352) (19,847) (16,079)
Net Short-Term Gains:
Institutional Class Shares........ -- -- -- -- -- --
Net Long-Term Gains:
Institutional Class Shares........ -- (405) -- -- -- --
----------- ----------- ---------- ---------- ---------- ----------
Total Distributions.............. (54,425) (76,161) (48,469) (46,352) (19,847) (16,079)
----------- ----------- ---------- ---------- ---------- ----------
Capital Share Transactions (1):
Shares Issued...................... 2,573,266 3,802,547 766,129 1,413,377 143,413 273,288
Shares Issued in Lieu of Cash
Distributions..................... 50,750 70,974 44,566 42,763 19,805 16,054
Shares Redeemed.................... (2,017,062) (3,388,321) (551,948) (980,824) (100,569) (135,061)
----------- ----------- ---------- ---------- ---------- ----------
Net Increase (Decrease) from
Capital Share
Transactions.................... 606,954 485,200 258,747 475,316 62,649 154,281
----------- ----------- ---------- ---------- ---------- ----------
Total Increase (Decrease) in
Net Assets...................... 571,820 472,222 207,620 476,893 43,733 148,974
NET ASSETS
Beginning of Period................ 7,458,011 6,985,789 5,201,650 4,724,757 1,137,725 988,751
----------- ----------- ---------- ---------- ---------- ----------
End of Period...................... $ 8,029,831 $ 7,458,011 $5,409,270 $5,201,650 $1,181,458 $1,137,725
=========== =========== ========== ========== ========== ==========
(1) SHARES ISSUED AND REDEEMED:
Shares Issued...................... 250,604 369,200 77,426 141,855 15,045 28,488
Shares Issued in Lieu of Cash
Distributions..................... 4,948 6,893 4,511 4,302 2,085 1,704
Shares Redeemed.................... (196,480) (328,963) (55,792) (98,424) (10,565) (14,096)
----------- ----------- ---------- ---------- ---------- ----------
Net Increase (Decrease) from
Shares Issued and
Redeemed........................ 59,072 47,130 26,145 47,733 6,565 16,096
=========== =========== ========== ========== ========== ==========
UNDISTRIBUTED NET INVESTMENT
INCOME (DISTRIBUTIONS IN EXCESS
OF NET INVESTMENT INCOME)........... $ 4,842 $ (9) $ 1,179 $ 8,617 $ 1,895 $ 12,958
DFA
FIVE-YEAR GLOBAL FIXED
INCOME PORTFOLIO
------------------------
SIX MONTHS YEAR
ENDED ENDED
APRIL 30, OCT. 31,
2018 2017
----------- -----------
(UNAUDITED)
INCREASE (DECREASE) IN NET ASSETS
Operations:
Net Investment Income (Loss)....... $ 87,668 $ 218,002
Net Realized Gain (Loss) on:
Investment Securities Sold*....... (56,213) 9,356
Affiliated Investment
Companies Shares Sold............ (18) (14)
Foreign Currency
Transactions..................... (178) (118)
Forward Currency Contracts........ (79,891) (29,234)
Change in Unrealized
Appreciation (Depreciation) of:
Investment Securities and
Foreign Currency................. (186,866) (135,610)
Affiliated Investment
Companies Shares Sold............ 4 (11)
Translation of Foreign Currency
Denominated Amounts.............. (791) (286)
Forward Currency Contracts........ 121,553 73,100
----------- -----------
Net Increase (Decrease) in
Net Assets Resulting from
Operations...................... (114,732) 135,185
----------- -----------
Distributions From:
Net Investment Income:
Institutional Class Shares........ (152,047) (219,966)
Net Short-Term Gains:
Institutional Class Shares........ -- (5,423)
Net Long-Term Gains:
Institutional Class Shares........ (9,220) (42,519)
----------- -----------
Total Distributions.............. (161,267) (267,908)
----------- -----------
Capital Share Transactions (1):
Shares Issued...................... 2,141,783 3,690,788
Shares Issued in Lieu of Cash
Distributions..................... 152,345 253,124
Shares Redeemed.................... (1,373,405) (2,323,448)
----------- -----------
Net Increase (Decrease) from
Capital Share
Transactions.................... 920,723 1,620,464
----------- -----------
Total Increase (Decrease) in
Net Assets...................... 644,724 1,487,741
NET ASSETS
Beginning of Period................ 14,085,116 12,597,375
----------- -----------
End of Period...................... $14,729,840 $14,085,116
=========== ===========
(1) SHARES ISSUED AND REDEEMED:
Shares Issued...................... 197,153 336,497
Shares Issued in Lieu of Cash
Distributions..................... 13,989 23,294
Shares Redeemed.................... (126,505) (211,994)
----------- -----------
Net Increase (Decrease) from
Shares Issued and
Redeemed........................ 84,637 147,797
=========== ===========
UNDISTRIBUTED NET INVESTMENT
INCOME (DISTRIBUTIONS IN EXCESS
OF NET INVESTMENT INCOME)........... $ (23,905) $ 40,474
----------
* Net of foreign capital gain taxes withheld of $0, $0, $0, $0, $0, $0, $0 and
$0, respectively.
See accompanying Notes to Financial Statements.
200
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF CHANGES IN NET ASSETS
(AMOUNTS IN THOUSANDS)
DFA WORLD EX U.S. DFA INTERMEDIATE
GOVERNMENT FIXED DFA SHORT-TERM GOVERNMENT FIXED
INCOME PORTFOLIO GOVERNMENT PORTFOLIO INCOME PORTFOLIO
--------------------- ---------------------- ----------------------
SIX MONTHS YEAR SIX MONTHS YEAR SIX MONTHS YEAR
ENDED ENDED ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, APRIL 30, OCT. 31, APRIL 30, OCT. 31,
2018 2017 2018 2017 2018 2017
---------- --------- ---------- ---------- ---------- ----------
(UNAUDITED) (UNAUDITED) (UNAUDITED)
INCREASE (DECREASE) IN NET ASSETS
Operations:
Net Investment Income (Loss).......... $ 4,870 $ 8,807 $ 15,587 $ 25,234 $ 51,016 $ 86,271
Net Realized Gain (Loss) on:
Investment Securities Sold*.......... 15,648 (7,868) (3,606) (293) (2,209) 5,070
Affiliated Investment Companies
Shares Sold......................... -- -- -- -- -- --
Foreign Currency Transactions........ 362 88 -- -- -- --
Forward Currency Contracts........... (29,817) (35,520) -- -- -- --
Change in Unrealized Appreciation
(Depreciation) of:
Investment Securities and Foreign
Currency............................ 1,894 41,145 (39,797) (26,421) (177,536) (118,697)
Affiliated Investment Companies
Shares Sold......................... -- -- -- -- -- --
Translation of Foreign Currency
Denominated Amounts................. (185) 371 -- -- -- --
Forward Currency Contracts........... 12,530 5,671 -- -- -- --
---------- --------- ---------- ---------- ---------- ----------
Net Increase (Decrease) in Net
Assets Resulting from
Operations......................... 5,302 12,694 (27,816) (1,480) (128,729) (27,356)
---------- --------- ---------- ---------- ---------- ----------
Distributions From:
Net Investment Income:
Institutional Class Shares........... (1,574) (19,386) (14,017) (24,390) (47,139) (85,509)
Net Short-Term Gains:
Institutional Class Shares........... -- (1,312) -- (720) -- (3,003)
Net Long-Term Gains:
Institutional Class Shares........... -- (551) -- (4,717) (5,000) (6,710)
---------- --------- ---------- ---------- ---------- ----------
Total Distributions................. (1,574) (21,249) (14,017) (29,827) (52,139) (95,222)
---------- --------- ---------- ---------- ---------- ----------
Capital Share Transactions (1):
Shares Issued......................... 171,131 310,507 367,819 656,942 742,197 1,485,982
Shares Issued in Lieu of Cash
Distributions........................ 1,534 20,926 13,138 27,900 49,261 89,994
Shares Redeemed....................... (69,370) (161,902) (278,207) (526,204) (409,696) (635,193)
---------- --------- ---------- ---------- ---------- ----------
Net Increase (Decrease) from
Capital Share Transactions......... 103,295 169,531 102,750 158,638 381,762 940,783
---------- --------- ---------- ---------- ---------- ----------
Total Increase (Decrease) in Net
Assets............................. 107,023 160,976 60,917 127,331 200,894 818,205
NET ASSETS
Beginning of Period................... 933,640 772,664 2,221,841 2,094,510 4,629,841 3,811,636
---------- --------- ---------- ---------- ---------- ----------
End of Period......................... $1,040,663 $ 933,640 $2,282,758 $2,221,841 $4,830,735 $4,629,841
========== ========= ========== ========== ========== ==========
(1) SHARES ISSUED AND REDEEMED:
Shares Issued......................... 16,767 30,894 35,057 61,811 60,778 119,215
Shares Issued in Lieu of Cash
Distributions........................ 149 2,118 1,253 2,635 4,018 7,275
Shares Redeemed....................... (6,804) (16,144) (26,531) (49,508) (33,557) (51,024)
---------- --------- ---------- ---------- ---------- ----------
Net Increase (Decrease) from
Shares Issued and
Redeemed........................... 10,112 16,868 9,779 14,938 31,239 75,466
========== ========= ========== ========== ========== ==========
UNDISTRIBUTED NET INVESTMENT
INCOME (DISTRIBUTIONS IN EXCESS OF
NET INVESTMENT INCOME)................. $ (6,653) $ (9,949) $ 4,128 $ 2,558 $ 13,141 $ 9,264
DFA
SHORT-TERM EXTENDED
QUALITY PORTFOLIO
-----------------------
SIX MONTHS YEAR
ENDED ENDED
APRIL 30, OCT. 31,
2018 2017
---------- -----------
(UNAUDITED)
INCREASE (DECREASE) IN NET ASSETS
Operations:
Net Investment Income (Loss).......... $ 49,871 $ 95,353
Net Realized Gain (Loss) on:
Investment Securities Sold*.......... (3,580) 4,711
Affiliated Investment Companies
Shares Sold......................... (8) 13
Foreign Currency Transactions........ 38 (12)
Forward Currency Contracts........... (1,817) (5,021)
Change in Unrealized Appreciation
(Depreciation) of:
Investment Securities and Foreign
Currency............................ (107,915) (38,269)
Affiliated Investment Companies
Shares Sold......................... 3 (12)
Translation of Foreign Currency
Denominated Amounts................. (288) (28)
Forward Currency Contracts........... 24,176 9,166
---------- -----------
Net Increase (Decrease) in Net
Assets Resulting from
Operations......................... (39,520) 65,901
---------- -----------
Distributions From:
Net Investment Income:
Institutional Class Shares........... (39,413) (84,608)
Net Short-Term Gains:
Institutional Class Shares........... -- (4)
Net Long-Term Gains:
Institutional Class Shares........... (4,055) (4)
---------- -----------
Total Distributions................. (43,468) (84,616)
---------- -----------
Capital Share Transactions (1):
Shares Issued......................... 1,015,278 1,860,954
Shares Issued in Lieu of Cash
Distributions........................ 42,621 82,823
Shares Redeemed....................... (631,733) (1,088,768)
---------- -----------
Net Increase (Decrease) from
Capital Share Transactions......... 426,166 855,009
---------- -----------
Total Increase (Decrease) in Net
Assets............................. 343,178 836,294
NET ASSETS
Beginning of Period................... 5,559,764 4,723,470
---------- -----------
End of Period......................... $5,902,942 $ 5,559,764
========== ===========
(1) SHARES ISSUED AND REDEEMED:
Shares Issued......................... 94,504 172,020
Shares Issued in Lieu of Cash
Distributions........................ 3,962 7,658
Shares Redeemed....................... (58,862) (100,624)
---------- -----------
Net Increase (Decrease) from
Shares Issued and
Redeemed........................... 39,604 79,054
========== ===========
UNDISTRIBUTED NET INVESTMENT
INCOME (DISTRIBUTIONS IN EXCESS OF
NET INVESTMENT INCOME)................. $ 15,895 $ 5,437
----------
* Net of foreign capital gain taxes withheld of $0, $0, $0, $0, $0, $0, $0 and
$0, respectively.
See accompanying Notes to Financial Statements.
201
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF CHANGES IN NET ASSETS
(AMOUNTS IN THOUSANDS)
DFA INTERMEDIATE- DFA GLOBAL
TERM EXTENDED DFA TARGETED CORE PLUS FIXED
QUALITY PORTFOLIO CREDIT PORTFOLIO INCOME PORTFOLIO
---------------------- -------------------- ----------------
PERIOD
JAN. 11,
SIX MONTHS YEAR SIX MONTHS YEAR 2018(A)
ENDED ENDED ENDED ENDED TO
APRIL 30, OCT. 31, APRIL 30, OCT. 31, APRIL 30,
2018 2017 2018 2017 2018
----------- ---------- ----------- -------- ----------------
(UNAUDITED) (UNAUDITED) (UNAUDITED)
INCREASE (DECREASE) IN NET ASSETS
Operations:
Net Investment Income (Loss).............. $ 28,723 $ 47,210 $ 6,027 $ 9,907 $ 1,466
Net Realized Gain (Loss) on:
Investment Securities Sold*.............. (3,346) 5,720 (287) 793 (2,542)
Affiliated Investment Companies Shares
Sold.................................... (24) (2) (4) -- --
Foreign Currency Transactions............ -- -- 24 (7) (78)
Forward Currency Contracts............... -- -- (2,448) (137) 59
In-Kind Redemptions...................... -- -- -- -- --
Change in Unrealized Appreciation
(Depreciation) of:
Investment Securities and Foreign
Currency................................ (90,693) (17,528) (10,641) (1,972) (8,879)
Affiliated Investment Companies Shares
Sold.................................... 4 (8) -- (1) --
Translation of Foreign Currency
Denominated Amounts..................... -- -- 4 3 (49)
Forward Currency Contracts............... -- -- 910 844 6,333
---------- ---------- -------- -------- --------
Net Increase (Decrease) in Net
Assets Resulting from
Operations............................. (65,336) 35,392 (6,415) 9,430 (3,690)
---------- ---------- -------- -------- --------
Distributions From:
Net Investment Income:
Institutional Class Shares............... (27,081) (46,418) (3,708) (9,264) (601)
Net Short-Term Gains:
Institutional Class Shares............... -- (339) -- -- --
Net Long-Term Gains:
Institutional Class Shares............... (5,639) (2,020) (906) -- --
---------- ---------- -------- -------- --------
Total Distributions..................... (32,720) (48,777) (4,614) (9,264) (601)
---------- ---------- -------- -------- --------
Capital Share Transactions (1):
Shares Issued............................. 350,501 671,617 128,074 228,033 431,469
Shares Issued in Lieu of Cash
Distributions............................ 30,747 45,412 4,469 8,916 601
Shares Redeemed........................... (241,863) (312,794) (45,813) (79,106) (6,725)
---------- ---------- -------- -------- --------
Net Increase (Decrease) from Capital
Share Transactions..................... 139,385 404,235 86,730 157,843 425,345
---------- ---------- -------- -------- --------
Total Increase (Decrease) in Net
Assets................................. 41,329 390,850 75,701 158,009 421,054
NET ASSETS
Beginning of Period....................... 1,804,891 1,414,041 514,588 356,579 --
---------- ---------- -------- -------- --------
End of Period............................. $1,846,220 $1,804,891 $590,289 $514,588 $421,054
========== ========== ======== ======== ========
(1) SHARES ISSUED AND REDEEMED:
Shares Issued............................. 33,079 62,563 12,910 22,826 43,320
Shares Issued in Lieu of Cash
Distributions............................ 2,904 4,238 449 893 61
Shares Redeemed........................... (22,998) (29,251) (4,623) (7,910) (681)
---------- ---------- -------- -------- --------
Net Increase (Decrease) from Shares
Issued and Redeemed.................... 12,985 37,550 8,736 15,809 42,700
========== ========== ======== ======== ========
UNDISTRIBUTED NET INVESTMENT INCOME
(DISTRIBUTIONS IN EXCESS OF NET
INVESTMENT INCOME)......................... $ 2,091 $ 449 $ 3,018 $ 699 $ 865
DFA INVESTMENT GRADE
PORTFOLIO
------------------------
SIX MONTHS YEAR
ENDED ENDED
APRIL 30, OCT. 31,
2018 2017
----------- -----------
(UNAUDITED)
INCREASE (DECREASE) IN NET ASSETS
Operations:
Net Investment Income (Loss).............. $ 101,586 $ 165,935
Net Realized Gain (Loss) on:
Investment Securities Sold*.............. (15,454) 4,461
Affiliated Investment Companies Shares
Sold.................................... (82) 4
Foreign Currency Transactions............ (5) 12
Forward Currency Contracts............... (432) (4,776)
In-Kind Redemptions...................... (1) --
Change in Unrealized Appreciation
(Depreciation) of:
Investment Securities and Foreign
Currency................................ (319,098) (83,455)
Affiliated Investment Companies Shares
Sold.................................... 17 (43)
Translation of Foreign Currency
Denominated Amounts..................... (82) (13)
Forward Currency Contracts............... 4,183 2,226
----------- -----------
Net Increase (Decrease) in Net
Assets Resulting from
Operations............................. (229,368) 84,351
----------- -----------
Distributions From:
Net Investment Income:
Institutional Class Shares............... (96,751) (150,794)
Net Short-Term Gains:
Institutional Class Shares............... -- --
Net Long-Term Gains:
Institutional Class Shares............... -- --
----------- -----------
Total Distributions..................... (96,751) (150,794)
----------- -----------
Capital Share Transactions (1):
Shares Issued............................. 1,882,683 3,121,375
Shares Issued in Lieu of Cash
Distributions............................ 95,521 148,903
Shares Redeemed........................... (1,374,527) (1,212,334)
----------- -----------
Net Increase (Decrease) from Capital
Share Transactions..................... 603,677 2,057,944
----------- -----------
Total Increase (Decrease) in Net
Assets................................. 277,558 1,991,501
NET ASSETS
Beginning of Period....................... 8,185,290 6,193,789
----------- -----------
End of Period............................. $ 8,462,848 $ 8,185,290
=========== ===========
(1) SHARES ISSUED AND REDEEMED:
Shares Issued............................. 175,950 288,163
Shares Issued in Lieu of Cash
Distributions............................ 8,901 13,835
Shares Redeemed........................... (128,760) (112,043)
----------- -----------
Net Increase (Decrease) from Shares
Issued and Redeemed.................... 56,091 189,955
=========== ===========
UNDISTRIBUTED NET INVESTMENT INCOME
(DISTRIBUTIONS IN EXCESS OF NET
INVESTMENT INCOME)......................... $ 30,043 $ 25,208
----------
* Net of foreign capital gain taxes withheld of $0, $0, $0, $0, $0, $0 and $0,
respectively.
See accompanying Notes to Financial Statements.
202
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF CHANGES IN NET ASSETS
(AMOUNTS IN THOUSANDS)
DFA DIVERSIFIED DFA INFLATION-
FIXED INCOME DFA LTIP PROTECTED SECURITIES
PORTFOLIO PORTFOLIO PORTFOLIO
-------------------- -------------------- ----------------------
SIX MONTHS YEAR SIX MONTHS YEAR SIX MONTHS YEAR
ENDED ENDED ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, APRIL 30, OCT. 31, APRIL 30, OCT. 31,
2018 2017 2018 2017 2018 2017
----------- -------- ----------- -------- ----------- ----------
(UNAUDITED) (UNAUDITED) (UNAUDITED)
INCREASE (DECREASE) IN NET ASSETS
Operations:
Net Investment Income (Loss)............... $ 6,321 $ 5,387 $ 2,735 $ 2,612 $ 70,600 $ 84,591
Capital Gain Distributions Received from
Investment Securities..................... 302 215 -- -- -- --
Net Realized Gain (Loss) on:
Investment Securities Sold*............... (21) (50) (152) (56) (4,690) (187)
Affiliated Investment Companies Shares
Sold..................................... -- -- -- -- -- --
Swap Contracts............................ -- -- -- -- -- --
Foreign Currency Transactions............. -- -- -- -- -- --
Forward Currency Contracts................ -- -- -- -- -- --
Change in Unrealized Appreciation
(Depreciation) of:
Investment Securities and Foreign
Currency................................. (1,816) (351) (152) (2,773) (84,476) (85,390)
Affiliated Investment Companies Shares
Sold..................................... (13,476) (1,586) -- -- -- --
Swap Contracts............................ -- -- -- -- -- --
Translation of Foreign Currency
Denominated Amounts...................... -- -- -- -- -- --
Forward Currency Contracts................ -- -- -- -- -- --
-------- -------- -------- -------- ---------- ----------
Net Increase (Decrease) in Net Assets
Resulting from Operations............... (8,690) 3,615 2,431 (217) (18,566) (986)
-------- -------- -------- -------- ---------- ----------
Distributions From:
Net Investment Income:
Institutional Class Shares................ (5,638) (5,141) (1,899) (2,365) (58,443) (77,872)
Net Short-Term Gains:
Institutional Class Shares................ -- -- -- (50) -- (141)
Net Long-Term Gains:
Institutional Class Shares................ (98) -- -- -- -- (8,865)
-------- -------- -------- -------- ---------- ----------
Total Distributions...................... (5,736) (5,141) (1,899) (2,415) (58,443) (86,878)
-------- -------- -------- -------- ---------- ----------
Capital Share Transactions (1):
Shares Issued.............................. 253,100 477,812 60,991 73,479 898,008 1,690,026
Shares Issued in Lieu of Cash
Distributions............................. 5,735 5,141 1,899 2,415 51,449 77,379
Shares Redeemed............................ (75,356) (63,972) (13,173) (11,938) (624,060) (834,307)
-------- -------- -------- -------- ---------- ----------
Net Increase (Decrease) from Capital
Share Transactions...................... 183,479 418,981 49,717 63,956 325,397 933,098
-------- -------- -------- -------- ---------- ----------
Total Increase (Decrease) in Net
Assets.................................. 169,053 417,455 50,249 61,324 248,388 845,234
NET ASSETS
Beginning of Period........................ 530,016 112,561 124,591 63,267 4,359,301 3,514,067
-------- -------- -------- -------- ---------- ----------
End of Period.............................. $699,069 $530,016 $174,840 $124,591 $4,607,689 $4,359,301
======== ======== ======== ======== ========== ==========
(1) SHARES ISSUED AND REDEEMED:
Shares Issued.............................. 26,300 48,977 6,538 7,955 77,098 143,167
Shares Issued in Lieu of Cash
Distributions............................. 594 529 198 265 4,394 6,630
Shares Redeemed............................ (7,840) (6,552) (1,425) (1,289) (53,634) (70,815)
-------- -------- -------- -------- ---------- ----------
Net Increase (Decrease) from Shares
Issued and Redeemed..................... 19,054 42,954 5,311 6,931 27,858 78,982
======== ======== ======== ======== ========== ==========
UNDISTRIBUTED NET INVESTMENT INCOME
(DISTRIBUTIONS IN EXCESS OF NET
INVESTMENT INCOME).......................... $ 936 $ 253 $ 1,194 $ 358 $ 23,568 $ 11,411
DFA SHORT-DURATION
REAL RETURN PORTFOLIO
----------------------
SIX MONTHS YEAR
ENDED ENDED
APRIL 30, OCT. 31,
2018 2017
----------- ----------
(UNAUDITED)
INCREASE (DECREASE) IN NET ASSETS
Operations:
Net Investment Income (Loss)............... $ 10,151 $ 17,577
Capital Gain Distributions Received from
Investment Securities..................... -- --
Net Realized Gain (Loss) on:
Investment Securities Sold*............... (1,454) 765
Affiliated Investment Companies Shares
Sold..................................... (8) 7
Swap Contracts............................ 284 (4,208)
Foreign Currency Transactions............. 8 23
Forward Currency Contracts................ 1,421 (2,531)
Change in Unrealized Appreciation
(Depreciation) of:
Investment Securities and Foreign
Currency................................. (20,279) (5,924)
Affiliated Investment Companies Shares
Sold..................................... 1 (9)
Swap Contracts............................ 10,577 6,736
Translation of Foreign Currency
Denominated Amounts...................... (54) (8)
Forward Currency Contracts................ 767 3,618
---------- ----------
Net Increase (Decrease) in Net Assets
Resulting from Operations............... 1,414 16,046
---------- ----------
Distributions From:
Net Investment Income:
Institutional Class Shares................ (19,458) (13,087)
Net Short-Term Gains:
Institutional Class Shares................ -- --
Net Long-Term Gains:
Institutional Class Shares................ -- --
---------- ----------
Total Distributions...................... (19,458) (13,087)
---------- ----------
Capital Share Transactions (1):
Shares Issued.............................. 273,702 391,386
Shares Issued in Lieu of Cash
Distributions............................. 18,998 12,649
Shares Redeemed............................ (133,252) (191,532)
---------- ----------
Net Increase (Decrease) from Capital
Share Transactions...................... 159,448 212,503
---------- ----------
Total Increase (Decrease) in Net
Assets.................................. 141,404 215,462
NET ASSETS
Beginning of Period........................ 1,130,418 914,956
---------- ----------
End of Period.............................. $1,271,822 $1,130,418
========== ==========
(1) SHARES ISSUED AND REDEEMED:
Shares Issued.............................. 27,708 39,408
Shares Issued in Lieu of Cash
Distributions............................. 1,933 1,293
Shares Redeemed............................ (13,499) (19,296)
---------- ----------
Net Increase (Decrease) from Shares
Issued and Redeemed..................... 16,142 21,405
========== ==========
UNDISTRIBUTED NET INVESTMENT INCOME
(DISTRIBUTIONS IN EXCESS OF NET
INVESTMENT INCOME).......................... $ 3,174 $ 12,481
----------
* Net of foreign capital gain taxes withheld of $0, $0, $0, $0, $0, $0, $0 and
$0, respectively.
See accompanying Notes to Financial Statements.
203
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF CHANGES IN NET ASSETS
(AMOUNTS IN THOUSANDS)(A)(A)
DFA
CALIFORNIA
MUNICIPAL
DFA MUNICIPAL REAL REAL RETURN DFA MUNICIPAL
RETURN PORTFOLIO PORTFOLIO BOND PORTFOLIO
--------------------- ------------- --------------------
PERIOD
NOV. 1,
SIX MONTHS YEAR 2017(A) SIX MONTHS YEAR
ENDED ENDED TO ENDED ENDED
APRIL 30, OCT. 31, APRIL 30, APRIL 30, OCT. 31,
2018 2017 2018 2018 2017
----------- --------- ----------- ----------- --------
(UNAUDITED) (UNAUDITED) (UNAUDITED)
INCREASE (DECREASE) IN NET ASSETS
Operations:
Net Investment Income (Loss).......................... $ 5,790 $ 8,457 $ 385 $ 2,521 $ 3,406
Net Realized Gain (Loss) on:
Investment Securities Sold*.......................... (24) (42) -- (1) (23)
Swap Contracts....................................... 23 (1,007) -- -- --
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities................................ (22,234) 389 (1,604) (7,893) (242)
Swap Contracts....................................... 11,472 2,646 864 -- --
--------- --------- ------- - -------- --------
Net Increase (Decrease) in Net Assets Resulting
from Operations.................................... (4,973) 10,443 (355) (5,373) 3,141
--------- --------- ------- - -------- --------
Distributions From:
Net Investment Income:
Institutional Class Shares........................... (5,525) (8,396) (346) (2,388) (3,378)
--------- --------- ------- - -------- --------
Total Distributions................................. (5,525) (8,396) (346) (2,388) (3,378)
--------- --------- ------- - -------- --------
Capital Share Transactions (1):
Shares Issued......................................... 205,772 363,496 90,007 152,388 224,318
Shares Issued in Lieu of Cash Distributions........... 5,523 8,370 346 2,384 3,376
Shares Redeemed....................................... (106,732) (131,077) (4,544) (81,681) (96,240)
--------- --------- ------- - -------- --------
Net Increase (Decrease) from Capital Share
Transactions....................................... 104,563 240,789 85,809 73,091 131,454
--------- --------- ------- - -------- --------
Total Increase (Decrease) in Net Assets............. 94,065 242,836 85,108 65,330 131,217
NET ASSETS
Beginning of Period................................... 716,821 473,985 -- 351,938 220,721
--------- --------- ------- - -------- --------
End of Period......................................... $ 810,886 $ 716,821 $85,108 $417,268 $351,938
========= ========= ======= = ======== ========
(1) SHARES ISSUED AND REDEEMED:
Shares Issued......................................... 20,816 36,806 9,030 15,136 22,146
Shares Issued in Lieu of Cash Distributions........... 562 845 35 237 332
Shares Redeemed....................................... (10,814) (13,241) (458) (8,115) (9,512)
--------- --------- ------- - -------- --------
Net Increase (Decrease) from Shares Issued and
Redeemed........................................... 10,564 24,410 8,607 7,258 12,966
========= ========= ======= = ======== ========
UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN
EXCESS OF NET INVESTMENT INCOME)....................... $ 423 $ 158 $ 39 $ 199 $ 66
DFA SHORT-TERM
MUNICIPAL BOND
PORTFOLIO
----------------------
SIX MONTHS YEAR
ENDED ENDED
APRIL 30, OCT. 31,
2018 2017
----------- ----------
(UNAUDITED)
INCREASE (DECREASE) IN NET ASSETS
Operations:
Net Investment Income (Loss).......................... $ 13,765 $ 22,235
Net Realized Gain (Loss) on:
Investment Securities Sold*.......................... (218) (1)
Swap Contracts....................................... -- --
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities................................ (21,567) (6,027)
Swap Contracts....................................... -- --
---------- ----------
Net Increase (Decrease) in Net Assets Resulting
from Operations.................................... (8,020) 16,207
---------- ----------
Distributions From:
Net Investment Income:
Institutional Class Shares........................... (13,158) (22,189)
---------- ----------
Total Distributions................................. (13,158) (22,189)
---------- ----------
Capital Share Transactions (1):
Shares Issued......................................... 537,872 1,110,957
Shares Issued in Lieu of Cash Distributions........... 12,792 21,505
Shares Redeemed....................................... (484,609) (698,520)
---------- ----------
Net Increase (Decrease) from Capital Share
Transactions....................................... 66,055 433,942
---------- ----------
Total Increase (Decrease) in Net Assets............. 44,877 427,960
NET ASSETS
Beginning of Period................................... 2,531,941 2,103,981
---------- ----------
End of Period......................................... $2,576,818 $2,531,941
========== ==========
(1) SHARES ISSUED AND REDEEMED:
Shares Issued......................................... 53,063 109,168
Shares Issued in Lieu of Cash Distributions........... 1,263 2,111
Shares Redeemed....................................... (47,819) (68,675)
---------- ----------
Net Increase (Decrease) from Shares Issued and
Redeemed........................................... 6,507 42,604
========== ==========
UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN
EXCESS OF NET INVESTMENT INCOME)....................... $ 942 $ 335
----------
* Net of foreign capital gain taxes withheld of $0, $0, $0, $0, $0, $0 and $0,
respectively.
See accompanying Notes to Financial Statements.
204
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF CHANGES IN NET ASSETS
(AMOUNTS IN THOUSANDS)
DFA CALIFORNIA
INTERMEDIATE-TERM
DFA INTERMEDIATE-TERM DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND
MUNICIPAL BOND PORTFOLIO MUNICIPAL BOND PORTFOLIO PORTFOLIO
---------------------- ------------------------ --------------------
SIX MONTHS YEAR SIX MONTHS YEAR SIX MONTHS YEAR
ENDED ENDED ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, APRIL 30, OCT. 31, APRIL 30, OCT. 31,
2018 2017 2018 2017 2018 2017
----------- ---------- ----------- ---------- ----------- --------
(UNAUDITED) (UNAUDITED) (UNAUDITED)
INCREASE (DECREASE) IN NET ASSETS
Operations:
Net Investment Income (Loss)................ $ 12,845 $ 20,229 $ 5,136 $ 8,473 $ 2,649 $ 4,138
Net Realized Gain (Loss) on:
Investment Securities Sold*............... (10) (8) (83) (10) (11) 3
Change in Unrealized Appreciation
(Depreciation) of:
Investment Securities..................... (39,996) (3,913) (9,058) (1,455) (8,168) (459)
---------- ---------- ---------- ---------- -------- --------
Net Increase (Decrease) in Net
Assets Resulting from
Operations.............................. (27,161) 16,308 (4,005) 7,008 (5,530) 3,682
---------- ---------- ---------- ---------- -------- --------
Distributions From:
Net Investment Income:
Institutional Class Shares................ (12,284) (20,181) (4,864) (8,471) (2,522) (4,115)
---------- ---------- ---------- ---------- -------- --------
Total Distributions...................... (12,284) (20,181) (4,864) (8,471) (2,522) (4,115)
---------- ---------- ---------- ---------- -------- --------
Capital Share Transactions (1):
Shares Issued............................... 380,215 784,057 299,940 384,206 118,769 178,513
Shares Issued in Lieu of Cash
Distributions.............................. 11,777 19,346 4,833 8,432 2,490 4,051
Shares Redeemed............................. (265,847) (396,529) (234,633) (239,845) (58,318) (90,722)
---------- ---------- ---------- ---------- -------- --------
Net Increase (Decrease) from Capital
Share Transactions...................... 126,145 406,874 70,140 152,793 62,941 91,842
---------- ---------- ---------- ---------- -------- --------
Total Increase (Decrease) in Net
Assets.................................. 86,700 403,001 61,271 151,330 54,889 91,409
NET ASSETS
Beginning of Period......................... 1,667,648 1,264,647 1,031,539 880,209 347,302 255,893
---------- ---------- ---------- ---------- -------- --------
End of Period............................... $1,754,348 $1,667,648 $1,092,810 $1,031,539 $402,191 $347,302
========== ========== ========== ========== ======== ========
(1) SHARES ISSUED AND REDEEMED:
Shares Issued............................... 37,769 77,473 29,236 37,348 11,376 17,004
Shares Issued in Lieu of Cash
Distributions.............................. 1,174 1,902 472 819 239 384
Shares Redeemed............................. (26,426) (39,157) (22,869) (23,320) (5,590) (8,657)
---------- ---------- ---------- ---------- -------- --------
Net Increase (Decrease) from
Shares Issued and Redeemed.............. 12,517 40,218 6,839 14,847 6,025 8,731
========== ========== ========== ========== ======== ========
UNDISTRIBUTED NET INVESTMENT INCOME
(DISTRIBUTIONS IN EXCESS OF NET
INVESTMENT INCOME)........................... $ 941 $ 380 $ 384 $ 112 $ 205 $ 78
----------
* Net of foreign capital gain taxes withheld of $0, $0, $0, $0, $0 and $0,
respectively.
See accompanying Notes to Financial Statements.
205
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF CHANGES IN NET ASSETS
(AMOUNTS IN THOUSANDS)
DFA NY MUNICIPAL DFA MN MUNICIPAL
BOND PORTFOLIO BOND PORTFOLIO
-------------------- -------------------
PERIOD
JULY 25,
SIX MONTHS YEAR SIX MONTHS 2017(A)
ENDED ENDED ENDED TO
APRIL 30, OCT. 31, APRIL 30, OCT. 31,
2018 2017 2018 2017
----------- -------- ----------- --------
(UNAUDITED) (UNAUDITED)
INCREASE (DECREASE) IN NET ASSETS
Operations:
Net Investment Income (Loss)...................................... $ 539 $ 800 $ 345 $ 136
Net Realized Gain (Loss) on:
Investment Securities Sold*..................................... (9) (2) (18) --
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities........................................... (1,306) 98 (1,362) (299)
-------- -------- -------- -------
Net Increase (Decrease) in Net Assets Resulting from
Operations.................................................... (776) 896 (1,035) (163)
-------- -------- -------- -------
Distributions From:
Net Investment Income:
Institutional Class Shares...................................... (513) (796) (325) (131)
-------- -------- -------- -------
Total Distributions............................................ (513) (796) (325) (131)
-------- -------- -------- -------
Capital Share Transactions (1):
Shares Issued..................................................... 20,008 47,751 43,297 63,224
Shares Issued in Lieu of Cash Distributions....................... 513 796 325 131
Shares Redeemed................................................... (15,732) (15,024) (36,752) (1,802)
-------- -------- -------- -------
Net Increase (Decrease) from Capital Share Transactions........ 4,789 33,523 6,870 61,553
-------- -------- -------- -------
Total Increase (Decrease) in Net Assets........................ 3,500 33,623 5,510 61,259
NET ASSETS
Beginning of Period............................................... 91,204 57,581 61,259 --
-------- -------- -------- -------
End of Period..................................................... $ 94,704 $ 91,204 $ 66,769 $61,259
======== ======== ======== =======
(1) SHARES ISSUED AND REDEEMED:
Shares Issued..................................................... 1,969 4,685 4,408 6,322
Shares Issued in Lieu of Cash Distributions....................... 51 78 33 13
Shares Redeemed................................................... (1,548) (1,476) (3,743) (180)
-------- -------- -------- -------
Net Increase (Decrease) from Shares Issued and Redeemed........ 472 3,287 698 6,155
======== ======== ======== =======
UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN EXCESS OF NET
INVESTMENT INCOME)................................................. $ 40 $ 14 $ 25 $ 5
----------
* Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively.
See accompanying Notes to Financial Statements.
206
DFA INVESTMENT DIMENSIONS GROUP INC.
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA ONE-YEAR FIXED INCOME PORTFOLIO
------------------------------------------------------------------------- ---------------
SIX MONTHS YEAR YEAR YEAR YEAR YEAR SIX MONTHS
ENDED ENDED ENDED ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, APRIL 30,
2018 2017 2016 2015 2014 2013 2018
--------------------------------------------------------------------------------------------------------------------------------
(UNAUDITED) (UNAUDITED)
Net Asset Value, Beginning of
Period............................. $ 10.29 $ 10.31 $ 10.32 $ 10.32 $ 10.33 $ 10.35 $ 9.99
---------- ---------- ---------- ---------- ---------- ---------- ----------
Income from Investment Operations
---------------------------------
Net Investment Income
(Loss) (A)....................... 0.08 0.11 0.07 0.04 0.03 0.04 0.08
Net Gains (Losses) on Securities
(Realized and Unrealized)........ (0.06) (0.02) -- 0.01 -- -- (0.09)
---------- ---------- ---------- ---------- ---------- ---------- ----------
Total from Investment
Operations...................... 0.02 0.09 0.07 0.05 0.03 0.04 (0.01)
--------------------------------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income............. (0.07) (0.11) (0.07) (0.04) (0.03) (0.04) (0.09)
Net Realized Gains................ -- -- (0.01) (0.01) (0.01) (0.02) --
---------- ---------- ---------- ---------- ---------- ---------- ----------
Total Distributions.............. (0.07) (0.11) (0.08) (0.05) (0.04) (0.06) (0.09)
--------------------------------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period...... $ 10.24 $ 10.29 $ 10.31 $ 10.32 $ 10.32 $ 10.33 $ 9.89
=================================== =========== ========== ========== ========== ========== ========== ===========
Total Return........................ 0.20%(D) 0.86% 0.70% 0.44% 0.28% 0.43% (0.08)%(D)
--------------------------------------------------------------------------------------------------------------------------------
Net Assets, End of Period
(thousands)........................ $8,029,831 $7,458,011 $6,985,789 $7,306,008 $8,455,559 $8,089,711 $5,409,270
Ratio of Expenses to Average Net
Assets............................. 0.17%(E) 0.17% 0.17% 0.17% 0.17% 0.17% 0.17%(E)
Ratio of Expenses to Average Net
Assets (Excluding Fees Paid
Indirectly)........................ 0.17%(E) 0.17% 0.17% 0.17% 0.17% 0.17% 0.17%(E)
Ratio of Net Investment Income to
Average Net Assets................. 1.52%(E) 1.08% 0.69% 0.38% 0.30% 0.38% 1.56%(E)
Portfolio Turnover Rate............. 39%(D) 86% 64% 81% 72% 62% 42%(D)
--------------------------------------------------------------------------------------------------------------------------------
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO
-----------------------------------------------------------
YEAR YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED
OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31,
2017 2016 2015 2014 2013
------------------------------------------------------------------------------------------------
Net Asset Value, Beginning of
Period............................. $ 9.99 $ 9.96 $ 10.02 $ 10.06 $ 10.13
---------- ---------- ---------- ---------- ----------
Income from Investment Operations
---------------------------------
Net Investment Income
(Loss) (A)....................... 0.12 0.08 0.05 0.05 0.05
Net Gains (Losses) on Securities
(Realized and Unrealized)........ (0.03) -- -- -- --
---------- ---------- ---------- ---------- ----------
Total from Investment
Operations...................... 0.09 0.08 0.05 0.05 0.05
------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income............. (0.09) (0.05) (0.10) (0.08) (0.10)
Net Realized Gains................ -- -- (0.01) (0.01) (0.02)
---------- ---------- ---------- ---------- ----------
Total Distributions.............. (0.09) (0.05) (0.11) (0.09) (0.12)
------------------------------------------------------------------------------------------------
Net Asset Value, End of Period...... $ 9.99 $ 9.99 $ 9.96 $ 10.02 $ 10.06
=================================== ========== ========== ========== ========== ==========
Total Return........................ 0.95% 0.81% 0.56% 0.51% 0.51%
------------------------------------------------------------------------------------------------
Net Assets, End of Period
(thousands)........................ $5,201,650 $4,724,757 $5,360,173 $6,188,952 $5,552,198
Ratio of Expenses to Average Net
Assets............................. 0.17% 0.17% 0.18% 0.17% 0.18%
Ratio of Expenses to Average Net
Assets (Excluding Fees Paid
Indirectly)........................ 0.17% 0.17% 0.18% 0.17% 0.18%
Ratio of Net Investment Income to
Average Net Assets................. 1.21% 0.79% 0.54% 0.51% 0.54%
Portfolio Turnover Rate............. 121% 87% 125% 99% 123%
------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes.
See accompanying Notes to Financial Statements.
207
DFA INVESTMENT DIMENSIONS GROUP INC.
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO
--------------------------------------------------------------------- ----------------
SIX MONTHS YEAR YEAR YEAR YEAR YEAR SIX MONTHS
ENDED ENDED ENDED ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, APRIL 30,
2018 2017 2016 2015 2014 2013 2018
------------------------------------------------------------------------------------------------------------------------
(UNAUDITED) (UNAUDITED)
Net Asset Value, Beginning of
Period........................ $ 9.66 $ 9.72 $ 9.41 $ 10.00 $ 10.21 $ 10.41 $ 11.03
---------- ---------- -------- -------- ---------- -------- -----------
Income from Investment
Operations
----------------------
Net Investment Income
(Loss) (A).................. 0.07 0.17 0.17 0.15 0.15 0.17 0.07
Net Gains (Losses) on
Securities (Realized and
Unrealized)................. (0.06) (0.08) 0.24 (0.59) (0.22) (0.11) (0.15)
---------- ---------- -------- -------- ---------- -------- -----------
Total from Investment
Operations................. 0.01 0.09 0.41 (0.44) (0.07) 0.06 (0.08)
------------------------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income........ (0.17) (0.15) (0.10) (0.15) (0.12) (0.25) (0.12)
Net Realized Gains........... -- -- -- -- (0.02) (0.01) (0.01)
---------- ---------- -------- -------- ---------- -------- -----------
Total Distributions......... (0.17) (0.15) (0.10) (0.15) (0.14) (0.26) (0.13)
------------------------------------------------------------------------------------------------------------------------
Net Asset Value, End of
Period........................ $ 9.50 $ 9.66 $ 9.72 $ 9.41 $ 10.00 $ 10.21 $ 10.82
=============================== =========== ========== ======== ======== ========== ======== ===========
Total Return................... 0.06%(D) 1.00% 4.44% (4.42)% (0.72)% 0.52% (0.78)%(D)
------------------------------------------------------------------------------------------------------------------------
Net Assets, End of Period
(thousands)................... $1,181,458 $1,137,725 $988,751 $995,914 $1,099,647 $985,287 $14,729,840
Ratio of Expenses to Average
Net Assets.................... 0.17%(E) 0.17% 0.17% 0.17% 0.17% 0.18% 0.27%(E)
Ratio of Expenses to Average
Net Assets (Excluding Fees
Paid Indirectly).............. 0.17%(E) 0.17% 0.17% 0.17% 0.17% 0.18% 0.27%(E)
Ratio of Net Investment Income
to Average Net Assets......... 1.52%(E) 1.77% 1.75% 1.55% 1.46% 1.62% 1.22%(E)
Portfolio Turnover Rate........ 25%(D) 52% 54% 56% 48% 99% 30%(D)
------------------------------------------------------------------------------------------------------------------------
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO
--------------------------------------------------------------
YEAR YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED
OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31,
2017 2016 2015 2014 2013
----------------------------------------------------------------------------------------------
Net Asset Value, Beginning of
Period........................ $ 11.16 $ 11.08 $ 11.06 $ 11.14 $ 11.28
----------- ----------- ----------- ---------- ----------
Income from Investment
Operations
----------------------
Net Investment Income
(Loss) (A).................. 0.18 0.18 0.17 0.15 0.12
Net Gains (Losses) on
Securities (Realized and
Unrealized)................. (0.08) 0.10 0.07 0.05 (0.05)
----------- ----------- ----------- ---------- ----------
Total from Investment
Operations................. 0.10 0.28 0.24 0.20 0.07
----------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income........ (0.19) (0.17) (0.20) (0.13) (0.10)
Net Realized Gains........... (0.04) (0.03) (0.02) (0.15) (0.11)
----------- ----------- ----------- ---------- ----------
Total Distributions......... (0.23) (0.20) (0.22) (0.28) (0.21)
----------------------------------------------------------------------------------------------
Net Asset Value, End of
Period........................ $ 11.03 $ 11.16 $ 11.08 $ 11.06 $ 11.14
=============================== =========== =========== =========== ========== ==========
Total Return................... 0.95% 2.63% 2.22% 1.90% 0.63%
----------------------------------------------------------------------------------------------
Net Assets, End of Period
(thousands)................... $14,085,116 $12,597,375 $11,237,965 $9,818,116 $7,851,561
Ratio of Expenses to Average
Net Assets.................... 0.27% 0.27% 0.27% 0.27% 0.28%
Ratio of Expenses to Average
Net Assets (Excluding Fees
Paid Indirectly).............. 0.27% 0.27% 0.27% 0.27% 0.28%
Ratio of Net Investment Income
to Average Net Assets......... 1.66% 1.60% 1.55% 1.34% 1.05%
Portfolio Turnover Rate........ 69% 41% 51% 62% 72%
----------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes.
See accompanying Notes to Financial Statements.
208
DFA INVESTMENT DIMENSIONS GROUP INC.
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO
--------------------------------------------------------------- ---------------
SIX MONTHS YEAR YEAR YEAR YEAR YEAR SIX MONTHS
ENDED ENDED ENDED ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, APRIL 30,
2018 2017 2016 2015 2014 2013 2018
--------------------------------------------------------------------------------------------------------------------------
(UNAUDITED) (UNAUDITED)
Net Asset Value, Beginning of Period.... $ 10.22 $ 10.37 $ 10.48 $ 10.81 $ 10.31 $ 10.56 $ 10.59
---------- -------- -------- -------- -------- -------- ----------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A)...... 0.05 0.10 0.11 0.14 0.19 0.16 0.07
Net Gains (Losses) on Securities
(Realized and Unrealized)............ -- 0.02 0.50 0.27 0.60 (0.14) (0.20)
---------- -------- -------- -------- -------- -------- ----------
Total from Investment Operations..... 0.05 0.12 0.61 0.41 0.79 0.02 (0.13)
--------------------------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income................. (0.02) (0.25) (0.71) (0.69) (0.29) (0.17) (0.06)
Net Realized Gains.................... -- (0.02) (0.01) (0.05) -- (0.10) --
---------- -------- -------- -------- -------- -------- ----------
Total Distributions.................. (0.02) (0.27) (0.72) (0.74) (0.29) (0.27) (0.06)
--------------------------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period.......... $ 10.25 $ 10.22 $ 10.37 $ 10.48 $ 10.81 $ 10.31 $ 10.40
======================================== =========== ======== ======== ======== ======== ======== ===========
Total Return............................ 0.46%(D) 1.31% 6.26% 3.93% 7.93% 0.23% (1.19)%(D)
--------------------------------------------------------------------------------------------------------------------------
Net Assets, End of Period (thousands)... $1,040,663 $933,640 $772,664 $567,118 $355,241 $240,733 $2,282,758
Ratio of Expenses to Average Net
Assets................................. 0.20%(E) 0.20% 0.20% 0.20% 0.20% 0.20% 0.19%(E)
Ratio of Expenses to Average Net Assets
(Excluding Fees (Waived), (Expenses
Reimbursed), and/or Previously
Waived Fees Recovered by Advisor
and (Fees Paid Indirectly))............ 0.20%(E) 0.21% 0.22% 0.22% 0.22% 0.23% 0.19%(E)
Ratio of Net Investment Income to
Average Net Assets..................... 0.99%(E) 1.04% 1.09% 1.37% 1.81% 1.53% 1.39%(E)
Portfolio Turnover Rate................. 21%(D) 51% 48% 27% 41% 44% 16%(D)
--------------------------------------------------------------------------------------------------------------------------
DFA SHORT-TERM GOVERNMENT PORTFOLIO
------------------------------------------------------------
YEAR YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED
OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31,
2017 2016 2015 2014 2013
------------------------------------------------------------------------------------------------------
Net Asset Value, Beginning of Period.... $ 10.75 $ 10.75 $ 10.69 $ 10.70 $ 10.88
---------- ---------- ---------- ---------- ----------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A)...... 0.12 0.11 0.10 0.08 0.08
Net Gains (Losses) on Securities
(Realized and Unrealized)............ (0.13) 0.04 0.07 -- (0.08)
---------- ---------- ---------- ---------- ----------
Total from Investment Operations..... (0.01) 0.15 0.17 0.08 --
------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income................. (0.12) (0.11) (0.09) (0.07) (0.09)
Net Realized Gains.................... (0.03) (0.04) (0.02) (0.02) (0.09)
---------- ---------- ---------- ---------- ----------
Total Distributions.................. (0.15) (0.15) (0.11) (0.09) (0.18)
------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period.......... $ 10.59 $ 10.75 $ 10.75 $ 10.69 $ 10.70
======================================== ========== ========== ========== ========== ==========
Total Return............................ (0.10)% 1.40% 1.65% 0.83% (0.03)%
------------------------------------------------------------------------------------------------------
Net Assets, End of Period (thousands)... $2,221,841 $2,094,510 $2,144,989 $2,061,710 $1,780,576
Ratio of Expenses to Average Net
Assets................................. 0.19% 0.19% 0.19% 0.19% 0.19%
Ratio of Expenses to Average Net Assets
(Excluding Fees (Waived), (Expenses
Reimbursed), and/or Previously
Waived Fees Recovered by Advisor
and (Fees Paid Indirectly))............ 0.19% 0.19% 0.19% 0.19% 0.19%
Ratio of Net Investment Income to
Average Net Assets..................... 1.17% 1.02% 0.90% 0.75% 0.78%
Portfolio Turnover Rate................. 34% 51% 82% 40% 37%
------------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes.
See accompanying Notes to Financial Statements.
209
DFA INVESTMENT DIMENSIONS GROUP INC.
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO
--------------------------------------------------------------------------- ---------------
SIX MONTHS YEAR YEAR YEAR YEAR YEAR SIX MONTHS
ENDED ENDED ENDED ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, APRIL 30,
2018 2017 2016 2015 2014 2013 2018
------------------------------------------------------------------------------------------------------------------------------
(UNAUDITED) (UNAUDITED)
Net Asset Value, Beginning of
Period........................ $ 12.45 $ 12.86 $ 12.67 $ 12.60 $ 12.52 $ 13.13 $ 10.85
---------- ---------- ---------- ---------- ---------- ---------- ----------
Income from Investment
Operations
----------------------
Net Investment Income
(Loss) (A).................. 0.13 0.26 0.26 0.27 0.29 0.31 0.09
Net Gains (Losses) on
Securities (Realized and
Unrealized)................. (0.47) (0.39) 0.24 0.13 0.08 (0.58) (0.17)
---------- ---------- ---------- ---------- ---------- ---------- ----------
Total from Investment
Operations................. (0.34) (0.13) 0.50 0.40 0.37 (0.27) (0.08)
------------------------------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income........ (0.12) (0.25) (0.25) (0.27) (0.29) (0.32) (0.07)
Net Realized Gains........... (0.01) (0.03) (0.06) (0.06) -- (0.02) (0.01)
---------- ---------- ---------- ---------- ---------- ---------- ----------
Total Distributions......... (0.13) (0.28) (0.31) (0.33) (0.29) (0.34) (0.08)
------------------------------------------------------------------------------------------------------------------------------
Net Asset Value, End of
Period........................ $ 11.98 $ 12.45 $ 12.86 $ 12.67 $ 12.60 $ 12.52 $ 10.69
=============================== =========== ========== ========== ========== ========== ========== ===========
Total Return................... (2.71)%(D) (0.93)% 3.95% 3.25% 3.00% (2.09)% (0.72)%(D)
------------------------------------------------------------------------------------------------------------------------------
Net Assets, End of Period
(thousands)................... $4,830,735 $4,629,841 $3,811,636 $3,378,949 $4,021,616 $3,665,838 $5,902,942
Ratio of Expenses to Average
Net Assets.................... 0.12%(E) 0.12% 0.12% 0.12% 0.12% 0.12% 0.22%(E)
Ratio of Expenses to Average
Net Assets (Excluding Fees
(Waived), (Expenses
Reimbursed), and/or
Previously Waived Fees
Recovered by Advisor)......... 0.12%(E) 0.12% 0.12% 0.12% 0.12% 0.12% 0.22%(E)
Ratio of Net Investment Income
to Average Net Assets......... 2.17%(E) 2.06% 2.01% 2.17% 2.30% 2.45% 1.74%(E)
Portfolio Turnover Rate........ 5%(D) 12% 17% 19% 29% 6% 10%(D)
------------------------------------------------------------------------------------------------------------------------------
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
-----------------------------------------------------------
YEAR YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED
OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31,
2017 2016 2015 2014 2013
-------------------------------------------------------------------------------------------
Net Asset Value, Beginning of
Period........................ $ 10.90 $ 10.82 $ 10.86 $ 10.86 $ 10.98
---------- ---------- ---------- ---------- ----------
Income from Investment
Operations
----------------------
Net Investment Income
(Loss) (A).................. 0.20 0.19 0.17 0.16 0.17
Net Gains (Losses) on
Securities (Realized and
Unrealized)................. (0.07) 0.10 (0.01) -- (0.09)
---------- ---------- ---------- ---------- ----------
Total from Investment
Operations................. 0.13 0.29 0.16 0.16 0.08
-------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income........ (0.18) (0.19) (0.19) (0.14) (0.18)
Net Realized Gains........... -- (0.02) (0.01) (0.02) (0.02)
---------- ---------- ---------- ---------- ----------
Total Distributions......... (0.18) (0.21) (0.20) (0.16) (0.20)
-------------------------------------------------------------------------------------------
Net Asset Value, End of
Period........................ $ 10.85 $ 10.90 $ 10.82 $ 10.86 $ 10.86
=============================== ========== ========== ========== ========== ==========
Total Return................... 1.19% 2.70% 1.48% 1.44% 0.79%
-------------------------------------------------------------------------------------------
Net Assets, End of Period
(thousands)................... $5,559,764 $4,723,470 $3,896,233 $3,822,894 $2,632,084
Ratio of Expenses to Average
Net Assets.................... 0.22% 0.22% 0.22% 0.22% 0.22%
Ratio of Expenses to Average
Net Assets (Excluding Fees
(Waived), (Expenses
Reimbursed), and/or
Previously Waived Fees
Recovered by Advisor)......... 0.22% 0.22% 0.22% 0.22% 0.23%
Ratio of Net Investment Income
to Average Net Assets......... 1.85% 1.77% 1.58% 1.45% 1.57%
Portfolio Turnover Rate........ 23% 25% 28% 23% 19%
-------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes.
See accompanying Notes to Financial Statements.
210
DFA INVESTMENT DIMENSIONS GROUP INC.
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO
---------------------------------------------------------------
SIX MONTHS YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31,
2018 2017 2016 2015 2014
-------------------------------------------------------------------------------------------------------------------------
(UNAUDITED)
Net Asset Value, Beginning of Period.................... $ 10.85 $ 10.97 $ 10.67 $ 10.80 $ 10.50
---------- ---------- ---------- ---------- ----------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A)...................... 0.16 0.33 0.32 0.33 0.33
Net Gains (Losses) on Securities (Realized and
Unrealized).......................................... (0.54) (0.11) 0.37 (0.04) 0.28
---------- ---------- ---------- ---------- ----------
Total from Investment Operations..................... (0.38) 0.22 0.69 0.29 0.61
-------------------------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income................................. (0.15) (0.32) (0.34) (0.37) (0.31)
Net Realized Gains.................................... (0.03) (0.02) (0.05) (0.05) --
---------- ---------- ---------- ---------- ----------
Total Distributions.................................. (0.18) (0.34) (0.39) (0.42) (0.31)
-------------------------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period.......................... $ 10.29 $ 10.85 $ 10.97 $ 10.67 $ 10.80
======================================================== =========== ========== ========== ========== ==========
Total Return............................................ (3.47)%(D) 2.05% 6.61% 2.66% 5.91%
-------------------------------------------------------------------------------------------------------------------------
Net Assets, End of Year (thousands)..................... $1,846,220 $1,804,891 $1,414,041 $1,068,817 $2,133,894
Ratio of Expenses to Average Net Assets................. 0.22%(E) 0.22% 0.22% 0.22% 0.22%
Ratio of Expenses to Average Net Assets (Excluding Fees
(Waived), (Expenses Reimbursed), and/or Previously
Waived Fees Recovered by Advisor)...................... 0.22%(E) 0.22% 0.22% 0.22% 0.22%
Ratio of Net Investment Income to Average Net Assets.... 3.12%(E) 3.03% 2.99% 3.05% 3.06%
Portfolio Turnover Rate................................. 13%(D) 18% 28% 30% 23%
-------------------------------------------------------------------------------------------------------------------------
DFA TARGETED CREDIT PORTFOLIO
----------- --------------------------------------------
PERIOD
YEAR SIX MONTHS YEAR YEAR MAY 20,
ENDED ENDED ENDED ENDED 2015(A) TO
OCT. 31, APRIL 30, OCT. 31, OCT. 31, OCT. 31,
2013 2018 2017 2016 2015
-------------------------------------------------------------------------------------------------------------------------
(UNAUDITED)
Net Asset Value, Beginning of Period.................... $ 11.10 $ 10.06 $ 10.08 $ 9.96 $ 10.00
---------- -------- -------- -------- --------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A)...................... 0.31 0.11 0.22 0.21 0.08
Net Gains (Losses) on Securities (Realized and
Unrealized).......................................... (0.59) (0.23) (0.03) 0.12 (0.06)
---------- -------- -------- -------- --------
Total from Investment Operations..................... (0.28) (0.12) 0.19 0.33 0.02
-------------------------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income................................. (0.31) (0.07) (0.21) (0.21) (0.06)
Net Realized Gains.................................... (0.01) (0.02) -- -- --
---------- -------- -------- -------- --------
Total Distributions.................................. (0.32) (0.09) (0.21) (0.21) (0.06)
-------------------------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period.......................... $ 10.50 $ 9.85 $ 10.06 $ 10.08 $ 9.96
======================================================== ========== =========== ======== ======== ==========
Total Return............................................ (2.62)% (1.23)%(D) 1.94% 3.39% 0.18%(D)
-------------------------------------------------------------------------------------------------------------------------
Net Assets, End of Year (thousands)..................... $1,391,394 $590,289 $514,588 $356,579 $220,608
Ratio of Expenses to Average Net Assets................. 0.22% 0.20%(E) 0.20% 0.20% 0.20%(C)(E)
Ratio of Expenses to Average Net Assets (Excluding Fees
(Waived), (Expenses Reimbursed), and/or Previously
Waived Fees Recovered by Advisor)...................... 0.23% 0.22%(E) 0.23% 0.24% 0.28%(C)(E)
Ratio of Net Investment Income to Average Net Assets.... 2.88% 2.19%(E) 2.25% 2.06% 1.81%(C)(E)
Portfolio Turnover Rate................................. 10% 14%(D) 41% 21% 2%(D)
-------------------------------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes.
See accompanying Notes to Financial Statements.
211
DFA INVESTMENT DIMENSIONS GROUP INC.
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA GLOBAL
CORE PLUS FIXED
INCOME PORTFOLIO
---------------- ---------------
PERIOD
JAN. 11, SIX MONTHS
2018(A) TO ENDED
APRIL 30, APRIL 30,
2018 2018
-------------------------------------------------------------------------------------------------
(UNAUDITED) (UNAUDITED)
Net Asset Value, Beginning of Period........................ $ 10.00 $ 10.90
-------- ----------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A)........................... 0.04 0.13
Net Gains (Losses) on Securities (Realized and Unrealized). (0.16) (0.42)
-------- ----------
Total from Investment Operations......................... (0.12) (0.29)
-------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income...................................... (0.02) (0.12)
Net Realized Gains......................................... -- --
-------- ----------
Total Distributions...................................... (0.02) (0.12)
-------------------------------------------------------------------------------------------------
Net Asset Value, End of Period.............................. $ 9.86 $ 10.49
=========================================================== ================ ===========
Total Return................................................ (1.25)%(D) (2.65)%(D)
-------------------------------------------------------------------------------------------------
Net Assets, End of Year (thousands)......................... $421,054 $8,462,848
Ratio of Expenses to Average Net Assets..................... 0.27%(C)(E) 0.22%(E)
Ratio of Expenses to Average Net Assets (Excluding Fees
(Waived), (Expenses Reimbursed), and/or Previously Waived
Fees Recovered by Advisor)................................. 0.27%(C)(E) 0.22%(E)
Ratio of Net Investment Income to Average Net Assets........ 1.38%(C)(E) 2.44%(E)
Portfolio Turnover Rate..................................... 91% (D) 7%(D)
-------------------------------------------------------------------------------------------------
DFA INVESTMENT GRADE PORTFOLIO
--------------------------------------------------------------
YEAR YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED
OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31,
2017 2016 2015 2014 2013
------------------------------------------------------------------------------------------------------------------------------
Net Asset Value, Beginning of Period........................ $ 11.04 $ 10.80 $ 10.76 $ 10.57 $ 10.99
---------- ---------- ---------- ---------- ----------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A)........................... 0.25 0.24 0.27 0.26 0.25
Net Gains (Losses) on Securities (Realized and Unrealized). (0.16) 0.25 0.02 0.18 (0.42)
---------- ---------- ---------- ---------- ----------
Total from Investment Operations......................... 0.09 0.49 0.29 0.44 (0.17)
------------------------------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income...................................... (0.23) (0.22) (0.25) (0.25) (0.24)
Net Realized Gains......................................... -- (0.03) -- -- (0.01)
---------- ---------- ---------- ---------- ----------
Total Distributions...................................... (0.23) (0.25) (0.25) (0.25) (0.25)
------------------------------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period.............................. $ 10.90 $ 11.04 $ 10.80 $ 10.76 $ 10.57
=========================================================== ========== ========== ========== ========== ==========
Total Return................................................ 0.86% 4.62% 2.77% 4.29% (1.58)%
------------------------------------------------------------------------------------------------------------------------------
Net Assets, End of Year (thousands)......................... $8,185,290 $6,193,789 $4,153,194 $2,433,057 $1,442,269
Ratio of Expenses to Average Net Assets..................... 0.22% 0.22% 0.22% 0.22%(B) 0.22%(B)
Ratio of Expenses to Average Net Assets (Excluding Fees
(Waived), (Expenses Reimbursed), and/or Previously Waived
Fees Recovered by Advisor)................................. 0.22% 0.22% 0.38% 0.40%(B) 0.41%(B)
Ratio of Net Investment Income to Average Net Assets........ 2.32% 2.20% 2.49% 2.40%(B) 2.30%(B)
Portfolio Turnover Rate..................................... 18% 7% 52% N/A N/A
------------------------------------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes.
See accompanying Notes to Financial Statements.
212
DFA INVESTMENT DIMENSIONS GROUP INC.
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA DIVERSIFIED FIXED INCOME PORTFOLIO
-----------------------------------
PERIOD
SIX MONTHS YEAR AUG. 10,
ENDED ENDED 2016(A) TO
APRIL 30, OCT. 31, OCT. 31,
2018 2017 2016
---------------------------------------------------------------------------------------------------------------------------
(UNAUDITED)
Net Asset Value, Beginning of Period........................................ $ 9.76 $ 9.92 $ 10.00
-------- -------- --------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A).......................................... 0.10 0.15 0.02
Net Gains (Losses) on Securities (Realized and Unrealized)................ (0.24) (0.16) (0.08)
-------- -------- --------
Total from Investment Operations......................................... (0.14) (0.01) (0.06)
---------------------------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income..................................................... (0.09) (0.15) (0.02)
Net Realized Gains........................................................ -- -- --
-------- -------- --------
Total Distributions...................................................... (0.09) (0.15) (0.02)
---------------------------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period.............................................. $ 9.53 $ 9.76 $ 9.92
============================================================================ =========== ======== ==========
Total Return................................................................ (1.40)%(D) (0.05)% (0.64)%(D)
---------------------------------------------------------------------------------------------------------------------------
Net Assets, End of Year (thousands)......................................... $699,069 $530,016 $112,561
Ratio of Expenses to Average Net Assets..................................... 0.15%(E) 0.15% 0.15%(B)(C)(E)
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses
Reimbursed), and/or Previously Waived Fees Recovered by Advisor)........... 0.25%(E) 0.29% 0.45%(B)(C)(E)
Ratio of Net Investment Income to Average Net Assets........................ 2.06%(E) 1.56% 0.91%(C)(E)
Portfolio Turnover Rate..................................................... 2%(D) 5% N/A
---------------------------------------------------------------------------------------------------------------------------
DFA LTIP PORTFOLIO
----------------------------------------------------
SIX MONTHS YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31,
2018 2017 2016 2015 2014
----------------------------------------------------------------------------------------------------------------------------------
(UNAUDITED)
Net Asset Value, Beginning of Period........................................ $ 9.31 $ 9.81 $ 8.67 $ 9.50 $ 8.80
-------- -------- ------- ------ ------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A).......................................... 0.17 0.25 0.26 0.05 0.20
Net Gains (Losses) on Securities (Realized and Unrealized)................ -- (0.50) 1.03 (0.81) 0.86
-------- -------- ------- ------ ------
Total from Investment Operations......................................... 0.17 (0.25) 1.29 (0.76) 1.06
----------------------------------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income..................................................... (0.13) (0.24) (0.15) (0.07) (0.36)
Net Realized Gains........................................................ -- (0.01) -- -- --
-------- -------- ------- ------ ------
Total Distributions...................................................... (0.13) (0.25) (0.15) (0.07) (0.36)
----------------------------------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period.............................................. $ 9.35 $ 9.31 $ 9.81 $ 8.67 $ 9.50
============================================================================ =========== ======== ======== ======== ========
Total Return................................................................ 1.83%(D) (2.52)% 14.90% (8.04)% 12.22%
----------------------------------------------------------------------------------------------------------------------------------
Net Assets, End of Year (thousands)......................................... $174,840 $124,591 $63,267 $ 208 $ 995
Ratio of Expenses to Average Net Assets..................................... 0.15%(E) 0.15% 0.15% 0.28% 0.40%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses
Reimbursed), and/or Previously Waived Fees Recovered by Advisor)........... 0.13%(E) 0.14% 0.21% 16.22% 3.63%
Ratio of Net Investment Income to Average Net Assets........................ 3.69%(E) 2.75% 2.76% 0.49% 2.29%
Portfolio Turnover Rate..................................................... 4%(D) 2% 4% 88% 105%
----------------------------------------------------------------------------------------------------------------------------------
--------
YEAR
ENDED
OCT. 31,
2013
--------------------------------------------------------------------------------------
Net Asset Value, Beginning of Period........................................ $ 11.38
-------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A).......................................... 0.15
Net Gains (Losses) on Securities (Realized and Unrealized)................ (2.60)
-------
Total from Investment Operations......................................... (2.45)
--------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income..................................................... (0.13)
Net Realized Gains........................................................ --
-------
Total Distributions...................................................... (0.13)
--------------------------------------------------------------------------------------
Net Asset Value, End of Period.............................................. $ 8.80
============================================================================ ========
Total Return................................................................ (21.54)%
--------------------------------------------------------------------------------------
Net Assets, End of Year (thousands)......................................... $ 1,375
Ratio of Expenses to Average Net Assets..................................... 0.40%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses
Reimbursed), and/or Previously Waived Fees Recovered by Advisor)........... 2.90%
Ratio of Net Investment Income to Average Net Assets........................ 1.50%
Portfolio Turnover Rate..................................................... 120%
--------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes.
See accompanying Notes to Financial Statements.
213
DFA INVESTMENT DIMENSIONS GROUP INC.
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA INFLATION-PROTECTED SECURITIES PORTFOLIO
----------------------------------------------------------------------------
SIX MONTHS YEAR YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31,
2018 2017 2016 2015 2014 2013
----------------------------------------------------------------------------------------------------------------------------------
(UNAUDITED)
Net Asset Value, Beginning of Period.............. $ 11.79 $ 12.09 $ 11.54 $ 11.75 $ 11.84 $ 13.00
---------- ---------- ---------- ---------- ---------- ----------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A)................ 0.18 0.25 0.16 0.06 0.22 0.21
Net Gains (Losses) on Securities (Realized and
Unrealized).................................... (0.23) (0.29) 0.53 (0.17) (0.06) (1.05)
---------- ---------- ---------- ---------- ---------- ----------
Total from Investment Operations............... (0.05) (0.04) 0.69 (0.11) 0.16 (0.84)
----------------------------------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income........................... (0.15) (0.23) (0.13) (0.07) (0.25) (0.24)
Net Realized Gains.............................. -- (0.03) (0.01) (0.03) -- (0.08)
---------- ---------- ---------- ---------- ---------- ----------
Total Distributions............................ (0.15) (0.26) (0.14) (0.10) (0.25) (0.32)
----------------------------------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period.................... $ 11.59 $ 11.79 $ 12.09 $ 11.54 $ 11.75 $ 11.84
================================================= =========== ========== ========== ========== ========== ==========
Total Return...................................... (0.40)%(D) (0.26)% 5.96% (0.98)% 1.38% (6.59)%
----------------------------------------------------------------------------------------------------------------------------------
Net Assets, End of Year (thousands)............... $4,607,689 $4,359,301 $3,514,067 $2,982,898 $2,722,146 $2,592,771
Ratio of Expenses to Average Net Assets........... 0.12%(E) 0.12% 0.12% 0.12% 0.12% 0.12%
Ratio of Expenses to Average Net Assets
(Excluding Fees (Waived), (Expenses
Reimbursed), and/or Previously Waived Fees
Recovered by Advisor)............................ 0.12%(E) 0.12% 0.12% 0.12% 0.12% 0.12%
Ratio of Net Investment Income to Average Net
Assets........................................... 3.11%(E) 2.14% 1.35% 0.54% 1.83% 1.68%
Portfolio Turnover Rate........................... 16%(D) 16% 19% 12% 25% 26%
----------------------------------------------------------------------------------------------------------------------------------
DFA SHORT-DURATION REAL RETURN PORTFOLIO
-----------------------------------------------------------
PERIOD
SIX MONTHS YEAR YEAR YEAR NOV. 5,
ENDED ENDED ENDED ENDED 2013(A) TO
APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31,
2018 2017 2016 2015 2014
---------------------------------------------------------------------------------------------------------------------
(UNAUDITED)
Net Asset Value, Beginning of Period.............. $ 10.02 $ 10.02 $ 9.79 $ 10.00 $ 10.00
---------- ---------- -------- -------- --------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A)................ 0.08 0.17 0.17 0.14 0.11
Net Gains (Losses) on Securities (Realized and
Unrealized).................................... (0.06) (0.03) 0.18 (0.26) (0.09)
---------- ---------- -------- -------- --------
Total from Investment Operations............... 0.02 0.14 0.35 (0.12) 0.02
---------------------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income........................... (0.17) (0.14) (0.12) (0.09) (0.02)
Net Realized Gains.............................. -- -- -- -- --
---------- ---------- -------- -------- --------
Total Distributions............................ (0.17) (0.14) (0.12) (0.09) (0.02)
---------------------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period.................... $ 9.87 $ 10.02 $ 10.02 $ 9.79 $ 10.00
================================================= =========== ========== ======== ======== ==========
Total Return...................................... 0.19%(D) 1.42% 3.67% (1.14)% 0.20%(D)
---------------------------------------------------------------------------------------------------------------------
Net Assets, End of Year (thousands)............... $1,271,822 $1,130,418 $914,956 $784,996 $632,077
Ratio of Expenses to Average Net Assets........... 0.23%(E) 0.24% 0.24% 0.24% 0.24%(C)(E)
Ratio of Expenses to Average Net Assets
(Excluding Fees (Waived), (Expenses
Reimbursed), and/or Previously Waived Fees
Recovered by Advisor)............................ 0.23%(E) 0.23% 0.23% 0.23% 0.31%(C)(E)
Ratio of Net Investment Income to Average Net
Assets........................................... 1.70%(E) 1.72% 1.68% 1.38%(E) 1.12%(C)(E)
Portfolio Turnover Rate........................... 18%(D) 35% 62% 30% 138%(D)
---------------------------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes.
See accompanying Notes to Financial Statements.
214
DFA INVESTMENT DIMENSIONS GROUP INC.
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA
CALIFORNIA
MUNICIPAL
REAL RETURN
DFA MUNICIPAL REAL RETURN PORTFOLIO PORTFOLIO
-------------------------------------------- -----------
PERIOD PERIOD
SIX MONTHS YEAR YEAR NOV. 4, NOV. 1,
ENDED ENDED ENDED 2014(A) TO 2017(A) TO
APRIL 30, OCT. 31, OCT. 31, OCT. 31, APRIL 30,
2018 2017 2016 2015 2018
----------------------------------------------------------------------------------------------------
(UNAUDITED) (UNAUDITED)
Net Asset Value, Beginning of
Period........................ $ 9.94 $ 9.93 $ 9.72 $ 10.00 $ 10.00
-------- -------- -------- -------- -------
Income from Investment
Operations
----------------------
Net Investment Income
(Loss) (A).................. 0.07 0.13 0.12 0.11 0.06
Net Gains (Losses) on
Securities (Realized and
Unrealized)................. (0.13) 0.01 0.21 (0.31) (0.12)
-------- -------- -------- -------- -------
Total from Investment
Operations................. (0.06) 0.14 0.33 (0.20) (0.06)
----------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income......... (0.07) (0.13) (0.12) (0.08) (0.05)
Net Realized Gains............ -- -- -- -- --
-------- -------- -------- -------- -------
Total Distributions......... (0.07) (0.13) (0.12) (0.08) (0.05)
----------------------------------------------------------------------------------------------------
Net Asset Value, End of Period. $ 9.81 $ 9.94 $ 9.93 $ 9.72 $ 9.89
============================== =========== ======== ======== ========== ===========
Total Return................... (0.61)%(D) 1.42% 3.40% (1.98)%(D) (0.62)%(D)
----------------------------------------------------------------------------------------------------
Net Assets, End of Year
(thousands)................... $810,886 $716,821 $473,985 $184,238 $85,108
Ratio of Expenses to Average
Net Assets.................... 0.22%(E) 0.23% 0.26% 0.27%(C)(E) 0.30%(C)(E)
Ratio of Expenses to Average
Net Assets (Excluding Fees
(Waived), (Expenses
Reimbursed), and/or
Previously Waived Fees
Recovered by Advisor and
(Fees Paid Indirectly))....... 0.23%(E) 0.24% 0.24% 0.35%(C)(E) 0.30%(C)(E)
Ratio of Net Investment
Income to Average Net Assets.. 1.49%(E) 1.34% 1.19% 1.12%(C)(E) 1.22%(C)(E)
Portfolio Turnover Rate........ 2%(D) 4% 0% 0%(D) 0%
----------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes.
See accompanying Notes to Financial Statements.
215
DFA INVESTMENT DIMENSIONS GROUP INC.
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)(A)
DFA MUNICIPAL BOND PORTFOLIO
-------------------------------------------- ---------------
PERIOD
SIX MONTHS YEAR YEAR MARCH 10, SIX MONTHS
ENDED ENDED ENDED 2015(A) TO ENDED
APRIL 30, OCT. 31, OCT. 31, OCT. 31, APRIL 30,
2018 2017 2016 2015 2018
----------------------------------------------------------------------------------------------------------------------------------
(UNAUDITED) (UNAUDITED)
Net Asset Value, Beginning of Period......................... $ 10.18 $ 10.22 $ 10.12 $ 10.00 $ 10.18
-------- -------- -------- -------- ----------
Income from Investment Operations
-
Net Investment Income (Loss) (A)........................... 0.07 0.12 0.12 0.09 0.05
Net Gains (Losses) on Securities (Realized and Unrealized). (0.21) (0.04) 0.10 0.09 (0.08)
-------- -------- -------- -------- ----------
Total from Investment Operations.......................... (0.14) 0.08 0.22 0.18 (0.03)
----------------------------------------------------------------------------------------------------------------------------------
Less Distributions
-
Net Investment Income...................................... (0.06) (0.12) (0.12) (0.06) (0.05)
Net Realized Gains......................................... -- -- -- -- --
-------- -------- -------- -------- ----------
Total Distributions....................................... (0.06) (0.12) (0.12) (0.06) (0.05)
----------------------------------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period............................... $ 9.98 $ 10.18 $ 10.22 $ 10.12 $ 10.10
============================================================= =========== ======== ======== ========== ===========
Total Return................................................. (1.36)%(D) 0.76% 2.22% 1.83%(D) (0.28)%(D)
----------------------------------------------------------------------------------------------------------------------------------
Net Assets, End of Year (thousands).......................... $417,268 $351,938 $220,721 $100,315 $2,576,818
Ratio of Expenses to Average Net Assets...................... 0.22%(E) 0.23% 0.23% 0.23%(C)(E) 0.21%(E)
Ratio of Expenses to Average Net Assets (Excluding Fees
(Waived), (Expenses Reimbursed), and/or Previously Waived
Fees Recovered by Advisor and (Fees Paid Indirectly))....... 0.23%(E) 0.24% 0.25% 0.37%(C)(E) 0.22%(E)
Ratio of Net Investment Income to Average Net Assets......... 1.33%(E) 1.17% 1.13% 1.31%(C)(E) 1.08%(E)
Portfolio Turnover Rate...................................... 5%(D) 8% 2% 2%(D) 8%(D)
----------------------------------------------------------------------------------------------------------------------------------
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO
-----------------------------------------------------------
YEAR YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED
OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31,
2017 2016 2015 2014 2013
-------------------------------------------------------------------------------------------------------------------------
Net Asset Value, Beginning of Period......................... $ 10.21 $ 10.24 $ 10.23 $ 10.23 $ 10.29
---------- ---------- ---------- ---------- ----------
Income from Investment Operations
-
Net Investment Income (Loss) (A)........................... 0.10 0.09 0.09 0.09 0.10
Net Gains (Losses) on Securities (Realized and Unrealized). (0.03) (0.02) 0.01 -- (0.06)
---------- ---------- ---------- ---------- ----------
Total from Investment Operations.......................... 0.07 0.07 0.10 0.09 0.04
-------------------------------------------------------------------------------------------------------------------------
Less Distributions
-
Net Investment Income...................................... (0.10) (0.10) (0.09) (0.09) (0.10)
Net Realized Gains......................................... -- -- -- -- --
---------- ---------- ---------- ---------- ----------
Total Distributions....................................... (0.10) (0.10) (0.09) (0.09) (0.10)
-------------------------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period............................... $ 10.18 $ 10.21 $ 10.24 $ 10.23 $ 10.23
============================================================= ========== ========== ========== ========== ==========
Total Return................................................. 0.67% 0.68% 1.00% 0.87% 0.42%
-------------------------------------------------------------------------------------------------------------------------
Net Assets, End of Year (thousands).......................... $2,531,941 $2,103,981 $2,199,837 $2,206,915 $1,780,699
Ratio of Expenses to Average Net Assets...................... 0.22% 0.22% 0.22% 0.22% 0.22%
Ratio of Expenses to Average Net Assets (Excluding Fees
(Waived), (Expenses Reimbursed), and/or Previously Waived
Fees Recovered by Advisor and (Fees Paid Indirectly))....... 0.22% 0.22% 0.22% 0.22% 0.22%
Ratio of Net Investment Income to Average Net Assets......... 0.96% 0.92% 0.90% 0.88% 0.98%
Portfolio Turnover Rate...................................... 16% 11% 18% 30% 24%
-------------------------------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes.
See accompanying Notes to Financial Statements.
216
DFA INVESTMENT DIMENSIONS GROUP INC.
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
--------------------------------------------------------------------
SIX MONTHS YEAR YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31,
2018 2017 2016 2015 2014 2013
------------------------------------------------------------------------------------------------------------------
(UNAUDITED)
Net Asset Value, Beginning of Period...... $ 10.19 $ 10.25 $ 10.17 $ 10.10 $ 9.84 $ 10.06
---------- ---------- ---------- -------- -------- --------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A)........ 0.08 0.14 0.14 0.15 0.17 0.13
Net Gains (Losses) on Securities
(Realized and Unrealized).............. (0.24) (0.06) 0.09 0.06 0.25 (0.22)
---------- ---------- ---------- -------- -------- --------
Total from Investment Operations....... (0.16) 0.08 0.23 0.21 0.42 (0.09)
------------------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income................... (0.07) (0.14) (0.15) (0.14) (0.16) (0.13)
---------- ---------- ---------- -------- -------- --------
Total Distributions.................... (0.07) (0.14) (0.15) (0.14) (0.16) (0.13)
------------------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period............ $ 9.96 $ 10.19 $ 10.25 $ 10.17 $ 10.10 $ 9.84
========================================== =========== ========== ========== ======== ======== ========
Total Return.............................. (1.56)%(D) 0.75% 2.23% 2.13% 4.34% (0.91)%
------------------------------------------------------------------------------------------------------------------
Net Assets, End of Period (thousands)..... $1,754,348 $1,667,648 $1,264,647 $910,481 $508,722 $269,514
Ratio of Expenses to Average Net
Assets................................... 0.22%(E) 0.23% 0.23% 0.23% 0.23% 0.23%
Ratio of Expenses to Average Net Assets
(Excluding Fees (Waived), (Expenses
Reimbursed), and/or Previously Waived
Fees Recovered by Advisor and (Fees
Paid Indirectly))........................ 0.22%(E) 0.23% 0.22% 0.23% 0.24% 0.26%
Ratio of Net Investment Income to Average
Net Assets............................... 1.51%(E) 1.35% 1.34% 1.47% 1.69% 1.36%
Portfolio Turnover Rate................... 2%(D) 4% 3% 1% 4% 0%
------------------------------------------------------------------------------------------------------------------
DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO
------------------------------------------------------------------
SIX MONTHS YEAR YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31,
2018 2017 2016 2015 2014 2013
--------------------------------------------------------------------------------------------------------------
(UNAUDITED)
Net Asset Value, Beginning of Period...... $ 10.31 $ 10.33 $ 10.34 $ 10.33 $ 10.31 $ 10.34
---------- ---------- -------- -------- -------- --------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A)........ 0.05 0.09 0.09 0.08 0.09 0.10
Net Gains (Losses) on Securities
(Realized and Unrealized).............. (0.09) (0.02) (0.01) 0.01 0.01 (0.03)
---------- ---------- -------- -------- -------- --------
Total from Investment Operations....... (0.04) 0.07 0.08 0.09 0.10 0.07
--------------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income................... (0.05) (0.09) (0.09) (0.08) (0.08) (0.10)
---------- ---------- -------- -------- -------- --------
Total Distributions.................... (0.05) (0.09) (0.09) (0.08) (0.08) (0.10)
--------------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period............ $ 10.22 $ 10.31 $ 10.33 $ 10.34 $ 10.33 $ 10.31
========================================== =========== ========== ======== ======== ======== ========
Total Return.............................. (0.42)%(D) 0.68% 0.79% 0.87% 1.02% 0.70%
--------------------------------------------------------------------------------------------------------------
Net Assets, End of Period (thousands)..... $1,092,810 $1,031,539 $880,209 $825,484 $703,773 $521,090
Ratio of Expenses to Average Net
Assets................................... 0.21%(E) 0.22% 0.22% 0.22% 0.22% 0.23%
Ratio of Expenses to Average Net Assets
(Excluding Fees (Waived), (Expenses
Reimbursed), and/or Previously Waived
Fees Recovered by Advisor and (Fees
Paid Indirectly))........................ 0.21%(E) 0.22% 0.22% 0.22% 0.22% 0.23%
Ratio of Net Investment Income to Average
Net Assets............................... 0.98%(E) 0.88% 0.84% 0.78% 0.83% 0.98%
Portfolio Turnover Rate................... 11%(D) 19% 20% 23% 22% 28%
--------------------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes.
See accompanying Notes to Financial Statements.
217
DFA INVESTMENT DIMENSIONS GROUP INC.
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO
--------------------------------------------------------------
SIX MONTHS YEAR YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31,
2018 2017 2016 2015 2014 2013
------------------------------------------------------------------------------------------------
(UNAUDITED)
Net Asset Value, Beginning of
Period........................ $ 10.58 $ 10.62 $ 10.56 $ 10.47 $ 10.16 $ 10.30
-------- -------- -------- -------- -------- -------
Income from Investment
Operations
----------------------
Net Investment Income (Loss)
(A)......................... 0.07 0.14 0.15 0.17 0.18 0.15
Net Gains (Losses) on
Securities (Realized and
Unrealized)................. (0.23) (0.04) 0.07 0.08 0.30 (0.14)
-------- -------- -------- -------- -------- -------
Total from Investment
Operations................. (0.16) 0.10 0.22 0.25 0.48 0.01
------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income......... (0.07) (0.14) (0.16) (0.16) (0.17) (0.15)
Net Realized Gains............ -- -- -- -- -- --
-------- -------- -------- -------- -------- -------
Total Distributions......... (0.07) (0.14) (0.16) (0.16) (0.17) (0.15)
------------------------------------------------------------------------------------------------
Net Asset Value, End of Period. $ 10.35 $ 10.58 $ 10.62 $ 10.56 $ 10.47 $ 10.16
============================== =========== ======== ======== ======== ======== ========
Total Return................... (1.51)%(D) 0.97% 2.10% 2.46% 4.82% 0.08%
------------------------------------------------------------------------------------------------
Net Assets, End of Year
(thousands)................... $402,191 $347,302 $255,893 $196,624 $140,424 $97,199
Ratio of Expenses to Average
Net Assets.................... 0.22%(E) 0.23% 0.23% 0.23% 0.23% 0.23%
Ratio of Expenses to Average
Net Assets (Excluding Fees
(Waived), (Expenses
Reimbursed), and/or
Previously Waived Fees
Recovered by Advisor and
(Fees Paid Indirectly))....... 0.22%(E) 0.23% 0.23% 0.23% 0.24% 0.26%
Ratio of Net Investment
Income to Average Net Assets.. 1.44%(E) 1.36% 1.42% 1.59% 1.75% 1.48%
Portfolio Turnover Rate........ 3%(D) 7% 4% 2% 14% 11%
------------------------------------------------------------------------------------------------
DFA NY MUNICIPAL BOND PORTFOLIO
-----------------------------------------
PERIOD
SIX MONTHS YEAR YEAR JUNE 16,
ENDED ENDED ENDED 2015(A) TO
APRIL 30, OCT. 31, OCT. 31, OCT. 31,
2018 2017 2016 2015
--------------------------------------------------------------------------------
(UNAUDITED)
Net Asset Value, Beginning of
Period........................ $ 10.24 $ 10.25 $ 10.14 $ 10.00
------- ------- ------- -------
Income from Investment
Operations
----------------------
Net Investment Income (Loss)
(A)......................... 0.06 0.11 0.11 0.05
Net Gains (Losses) on
Securities (Realized and
Unrealized)................. (0.14) (0.01) 0.12 0.12
------- ------- ------- -------
Total from Investment
Operations................. (0.08) 0.10 0.23 0.17
--------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income......... (0.06) (0.11) (0.12) (0.03)
Net Realized Gains............ -- -- -- --
------- ------- ------- -------
Total Distributions......... (0.06) (0.11) (0.12) (0.03)
--------------------------------------------------------------------------------
Net Asset Value, End of Period. $ 10.10 $ 10.24 $ 10.25 $ 10.14
============================== =========== ======== ======== ==========
Total Return................... (0.82)%(D) 0.94% 2.29% 1.75%(D)
--------------------------------------------------------------------------------
Net Assets, End of Year
(thousands)................... $94,704 $91,204 $57,581 $28,985
Ratio of Expenses to Average
Net Assets.................... 0.24%(E) 0.25% 0.25% 0.25%(C)(E)
Ratio of Expenses to Average
Net Assets (Excluding Fees
(Waived), (Expenses
Reimbursed), and/or
Previously Waived Fees
Recovered by Advisor and
(Fees Paid Indirectly))....... 0.24%(E) 0.25% 0.34% 0.51%(C)(E)
Ratio of Net Investment
Income to Average Net Assets.. 1.18%(E) 1.06% 1.10% 1.25%(D)(E)
Portfolio Turnover Rate........ 15%(D) 15% 1% 0%(D)
--------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes.
See accompanying Notes to Financial Statements.
218
DFA INVESTMENT DIMENSIONS GROUP INC.
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA MN MUNICIPAL BOND
PORTFOLIO
-----------------------
PERIOD
SIX MONTHS JULY 25,
ENDED 2017(A) TO
APRIL 30, OCT. 31,
2018 2017
-------------------------------------------------------------------------------------------
(UNAUDITED)
Net Asset Value, Beginning of Period........................ $ 9.95 $ 10.00
------- -------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A)........................... 0.05 0.02
Net Gains (Losses) on Securities (Realized and Unrealized). (0.21) (0.05)
------- -------
Total from Investment Operations......................... (0.16) (0.03)
-------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income...................................... (0.05) (0.02)
Net Realized Gains......................................... -- --
------- -------
Total Distributions...................................... (0.05) (0.02)
-------------------------------------------------------------------------------------------
Net Asset Value, End of Period.............................. $ 9.74 $ 9.95
=========================================================== =========== ==========
Total Return................................................ (1.62)%(D) (0.28)%(D)
-------------------------------------------------------------------------------------------
Net Assets, End of Year (thousands)......................... $66,769 $61,259
Ratio of Expenses to Average Net Assets..................... 0.32%(E) 0.24%(E)(C)
Ratio of Expenses to Average Net Assets (Excluding Fees
(Waived), (Expenses Reimbursed), and/or Previously Waived
Fees Recovered by Advisor and (Fees Paid Indirectly))...... 0.40%(E) 0.37%(E)(C)
Ratio of Net Investment Income to Average Net Assets........ 1.09%(E) 0.96%(E)(C)
Portfolio Turnover Rate..................................... 9%(D) 0%(D)
-------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes.
See accompanying Notes to Financial Statements.
219
DFA INVESTMENT DIMENSIONS GROUP INC.
NOTES TO FINANCIAL STATEMENTS
(UNAUDITED)
A. ORGANIZATION:
DFA Investment Dimensions Group Inc. (the "Fund") is an open-end management
investment company registered under the Investment Company Act of 1940, whose
shares are generally offered to institutional investors, retirement plans and
clients of registered investment advisors. The Fund consists of one hundred and
two operational portfolios, of which twenty-five (the "Portfolios") are
included in this report. The remaining operational portfolios are presented in
separate reports. The Portfolios are investment companies, and accordingly,
follow the accounting and reporting guidance under Financial Accounting
Standards Board ("FASB") Accounting Standards Certification ("ASC") Topic 946,
"Financial Services-Investment Companies."
The DFA Diversified Fixed Income Portfolio achieves its investment objective
by primarily investing directly or through other series of the Fund
(collectively, the "Underlying Funds"). At April 30, 2018, the Portfolio was
the owner of record of the following approximate percentages of the total
outstanding shares of the following Underlying Funds as detailed below:
PERCENTAGE
OWNERSHIP
FUND OF FUNDS UNDERLYING FUNDS AT 4/30/18
------------- ---------------- ----------
DFA Diversified Fixed Income Portfolio DFA Two-Year Global Fixed Income Portfolio 4%
DFA Intermediate Government Fixed Income Portfolio 7%
B. SIGNIFICANT ACCOUNTING POLICIES:
The following significant accounting policies are in conformity with
accounting principles generally accepted in the United States of America. Such
policies are consistently followed by the Fund in preparation of its financial
statements. The preparation of financial statements in accordance with
accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the fair
value of investments, the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements, and the reported amounts of increases and decreases in net assets
from operations during the reporting period. Actual results could differ from
those estimates and those differences could be material.
1. SECURITY VALUATION: The Portfolios utilize a fair value hierarchy which
prioritizes the inputs to valuation techniques used to measure fair value into
three broad levels described below:
. Level 1 - inputs are quoted prices in active markets for identical
securities (including equity securities, open-end investment companies,
futures contracts)
. Level 2 - other significant observable inputs (including quoted prices
for similar securities, interest rates, prepayment speeds, credit risk,
etc.)
. Level 3 - significant unobservable inputs (including the Portfolios' own
assumptions in determining the fair value of investments)
Debt securities held by the Portfolios are valued on the basis of evaluated
prices provided by one or more pricing services or other reasonably reliable
sources including broker/dealers that typically handle the purchase and sale of
such securities. Securities that are traded over-the-counter and on a stock
exchange generally will be valued according to the broadest and most
representative market, and it is expected that for bonds and other fixed income
securities, this ordinarily will be the over-the-counter market. Securities for
which quotations are not readily available (including restricted securities),
or for which market quotations have become unreliable, are valued in good faith
at fair value in accordance with procedures adopted by the Board of Directors
of the Fund. These securities are generally categorized as Level 2 in the
hierarchy.
220
Over-the-counter derivative contracts, which include forward currency
contracts, do not require material subjectivity as pricing inputs are observed
from quoted markets and are categorized as Level 2 in the hierarchy. Swap
agreements will be valued at the price provided by an independent third-party
pricing service or source. If a price is not available from an independent
third-party pricing service or source, the swap agreement will be valued in
good faith at fair value in accordance with procedures adopted by the Board.
These securities are generally categorized as Level 2 in the hierarchy.
Shares held by the Portfolios in other investment companies (such as the
Underlying Funds shares held by the DFA Diversified Fixed Income Portfolio) are
valued at their respective daily net asset values as reported by their
administrator. These valuations are classified as Level 1 in the hierarchy.
A summary of the inputs used to value the Portfolios' investments by each
major security type, industry and/or country is disclosed previously in this
note. Valuation hierarchy tables have been included at the end of the Schedules
of Investments. The inputs or methodology used for valuing securities are not
necessarily an indication of the risk associated with investing in those
securities.
For the six months ended April 30, 2018, there were no significant transfers
between Level 1 and Level 2 and no significant Level 3 investments held by the
Portfolios.
2. FOREIGN CURRENCY TRANSLATION: Securities and other assets and
liabilities of DFA Two-Year Global Fixed Income Portfolio, DFA Selectively
Hedged Global Fixed Income Portfolio, DFA Five-Year Global Fixed Income
Portfolio, DFA World ex U.S. Government Fixed Income Portfolio, DFA Short-Term
Extended Quality Portfolio, DFA Intermediate-Term Extended Quality Portfolio,
DFA Targeted Credit Portfolio (the "International Fixed Income Portfolios"),
DFA Investment Grade Portfolio, DFA Diversified Fixed Income Portfolio and DFA
Short-Duration Real Return Portfolio whose values are initially expressed in
foreign currencies are translated to U.S. dollars using the mean between the
most recent bid and ask prices for the U.S. dollar as quoted by generally
recognized reliable sources. Dividend and interest income and certain expenses
are translated to U.S. dollars at the rate of exchange on their respective
accrual dates. Receivables and payables denominated in foreign currencies are
marked-to-market daily based on daily exchange rates and exchange gains or
losses are realized upon ultimate receipt or disbursement. The International
Fixed Income Portfolios enter into forward currency contracts for the purpose
of hedging against fluctuations in currency exchange rates or to transfer
balances from one currency to another. DFA Selectively Hedged Global Fixed
Income Portfolio may hedge the currency exposure of its foreign securities or
leave some or all of the currency exposure unhedged. Forward currency contracts
are marked-to-market daily based on daily forward exchange rates.
The International Fixed Income Portfolios, DFA Investment Grade Portfolio,
DFA Diversified Fixed Income Portfolio and DFA Short-Duration Real Return
Portfolio isolate the effect of fluctuations in foreign currency rates when
determining the realized gain or loss upon the sale or maturity of foreign
currency denominated debt obligations pursuant to U.S. Federal income tax
regulations; such amounts are categorized as foreign exchange gain or loss for
income tax reporting purposes.
Realized gains or losses on foreign currency transactions represent net
foreign exchange gains or losses from the disposition of foreign currencies,
currency gains or losses realized between the trade and settlement dates on
securities transactions, and the difference between amounts of interest,
dividends and any foreign withholding taxes recorded on the books of the
International Fixed Income Portfolios, DFA Investment Grade Portfolio, DFA
Diversified Fixed Income Portfolio and DFA Short-Duration Real Return Portfolio
and the U.S. dollar equivalent amounts actually received or paid.
3. TREASURY INFLATION-PROTECTED SECURITIES (TIPS): Inflation-protected
securities (also known as inflation-indexed securities) are securities whose
principal and/or interest payments are adjusted for inflation, unlike
conventional debt securities that make fixed principal and interest payments.
Inflation-protected securities include Treasury Inflation-Protected Securities
("TIPS"), which are securities issued by the U.S. Treasury. The principal value
of TIPS is adjusted for inflation (payable at maturity) and the semi-annual
interest payments by TIPS equal a fixed percentage of the inflation-adjusted
principal amount. These inflation adjustments are based upon the Consumer Price
Index for Urban Consumers (CPI-U). The original principal value of TIPS is
guaranteed, even during period of deflation. At maturity, TIPS are redeemed at
the greater of their inflation-adjusted principal or par
221
amount at original issue. Other types of inflation-protected securities may use
other methods to adjust for inflation and other measures of inflation. In
addition, inflation-protected securities issued by entities other than the U.S.
Treasury may not provide a guarantee of principal value at maturity.
4. DEFERRED COMPENSATION PLAN: Each eligible Director of the Fund may
elect participation in The Fee Deferral Plan for Independent Directors and
Trustees (the "Plan"). Under the Plan, effective January 1, 2002, such
Directors may defer payment of all or a portion of their total fees earned as a
Director. These deferred amounts may be treated as though such amounts had been
invested in shares of the following funds: U.S. Large Cap Value Portfolio; U.S.
Core Equity 1 Portfolio; U.S. Core Equity 2 Portfolio; U.S. Vector Equity
Portfolio; U.S. Micro Cap Portfolio; DFA International Value Portfolio;
International Core Equity Portfolio; Emerging Markets Portfolio; Emerging
Markets Core Equity Portfolio; and/or DFA Two-Year Global Fixed Income
Portfolio. Contributions made under the Plan and the change in unrealized
appreciation (depreciation) and income are included in Directors'/Trustees'
Fees & Expenses.
Each Director has the option to receive their distribution of proceeds in
one of the following methods: lump sum; annual installments over a period of
agreed-upon years; or quarterly installments over a period of agreed-upon
years. Each Director shall have the right in a notice of election (the
"Notice") to defer the receipt of the Director's deferred compensation until a
date specified by such Director in the Notice, which date may not be sooner
than the earlier of: (i) the first business day of January following the year
in which such Director ceases to be a member of the Board of Directors of the
Fund; and (ii) five years following the effective date of the Director's first
deferral election. If a Director who elects to defer fees fails to designate in
the Notice a time or date as of which payment of the Director's deferred fee
account shall commence, payment of such amount shall commence as of the first
business day of January following the year in which the Director ceases to be a
member of the Board (unless the Director files an amended Notice selecting a
different distribution date). As of April 30, 2018, none of the Directors have
requested or received a distribution of proceeds of a deferred fee account.
5. OTHER: Security transactions are accounted for as of the trade date.
Costs used in determining realized gains and losses on the sale of investment
securities/affiliated investment companies and foreign currency are accounted
for on the basis of identified cost. Dividend income and distributions to
shareholders are recorded on the ex-dividend date. Distributions received on
securities and from the investment in affiliated investment companies that
represent a return of capital or capital gains are recorded as a reduction of
cost of investments or as a realized gain, respectively. The Portfolios
estimate the character of distributions received that may be considered return
of capital distributions. Interest income is recorded on an accrual basis.
Discount and premium on debt securities purchased are amortized over the lives
of the respective securities, utilizing the effective interest method. Expenses
directly attributable to a Portfolio are directly charged. Common expenses of
the Fund or the Portfolios are allocated using methods approved by the Board,
generally based on average net assets.
Organizational costs are expensed during the fiscal year of inception of the
Portfolios. Offering costs are amortized over a twelve-month period from the
inception of the Portfolios.
The Portfolios may be subject to taxes imposed by countries in which they
invest, with respect to their investments in issuers existing or operating in
such countries. Such taxes are generally based on income earned or repatriated
and capital gains realized on the sale of such investments. The Portfolios
accrue such taxes when the related income or capital gains are earned or
throughout the holding period. Some countries require governmental approval for
the repatriation of investment income, capital or the proceeds of sales earned
by foreign investors. In addition, if there is a deterioration in a country's
balance of payments or for other reasons, a country may impose temporary
restrictions on foreign capital remittances abroad.
C. INVESTMENT ADVISOR AND ADMINISTRATOR:
The Advisor, Dimensional Fund Advisors LP, provides investment management
services to the Portfolios. For the six months ended April 30, 2018, the
Portfolios' investment management fees were accrued daily and paid monthly to
the Advisor based on the following effective annual rates of average daily net
assets:
DFA One-Year Fixed Income Portfolio........ 0.15%
DFA Two-Year Global Fixed Income Portfolio. 0.15%
222
DFA Selectively Hedged Global Fixed Income Portfolio...... 0.15%
DFA Five-Year Global Fixed Income Portfolio............... 0.25%
DFA World ex U.S. Government Fixed Income Portfolio....... 0.18%
DFA Short-Term Government Portfolio....................... 0.17%
DFA Intermediate Government Fixed Income Portfolio........ 0.10%
DFA Short-Term Extended Quality Portfolio................. 0.20%
DFA Intermediate-Term Extended Quality Portfolio.......... 0.20%
DFA Targeted Credit Portfolio............................. 0.19%
DFA Global Core Plus Fixed Income Portfolio............... 0.25%
DFA Investment Grade Portfolio............................ 0.20%
DFA Diversified Fixed Income Portfolio.................... 0.12%
DFA LTIP Portfolio........................................ 0.10%
DFA Inflation-Protected Securities Portfolio.............. 0.10%
DFA Short-Duration Real Return Portfolio.................. 0.20%
DFA Municipal Real Return Portfolio....................... 0.20%
DFA California Municipal Real Return Portfolio............ 0.20%
DFA Municipal Bond Portfolio.............................. 0.20%
DFA Short-Term Municipal Bond Portfolio................... 0.20%
DFA Intermediate-Term Municipal Bond Portfolio............ 0.20%
DFA California Short-Term Municipal Bond Portfolio........ 0.20%
DFA California Intermediate-Term Municipal Bond Portfolio. 0.20%
DFA NY Municipal Bond Portfolio........................... 0.20%
DFA MN Municipal Bond Portfolio........................... 0.25%
Pursuant to an Amended and Restated Fee Waiver and/or Expense Assumption
Agreement (the "Fee Waiver Agreement"), the Advisor has contractually agreed to
waive certain fees, and in certain instances, assume certain expenses of the
Portfolios, as described in the notes below. The Fee Waiver Agreement for the
Portfolios will remain in effect through February 28, 2019, and may only be
terminated by the Fund's Board of Directors prior to that date. The Fee Waiver
Agreement for the Portfolios shall continue in effect from year to year
thereafter unless terminated by the Fund or the Advisor. For the six months
ended April 30, 2018, the Portfolios had expense limits based on a percentage
of average net assets on an annualized basis, and the Advisor recovered
previously waived fees and/or expenses assumed as listed below (amounts in
thousands). Previously waived fees/expenses assumed subject to future recovery
by the Advisor and the net amount of waived fees/expenses assumed (recovered
previously waived fees/expenses assumed) during the six months ended April 30,
2018, are also reflected below (amounts in thousands). The Fund, on behalf of
the Portfolios listed, is not obligated to reimburse the Advisor for fees
previously waived or expenses previously assumed by the Advisor more than 36
months before the date of recovery. With respect to each Fee Waiver Agreement,
prior year expenses can be recaptured only if the current expense ratio is less
than prior year expense cap that was in place when such prior year expenses
were waived.
NET WAIVED FEES/
PREVIOUSLY EXPENSES ASSUMED
RECOVERY WAIVED FEES/ (RECOVERED
EXPENSE OF PREVIOUSLY EXPENSES ASSUMED PREVIOUSLY WAIVED
LIMITATION WAIVED FEES/ SUBJECT TO FUTURE FEES/EXPENSES
INSTITUTIONAL CLASS SHARES AMOUNT EXPENSES ASSUMED RECOVERY ASSUMED)
-------------------------- ---------- ---------------- ----------------- -----------------
DFA Selectively Hedged Global Fixed
Income Portfolio (1).............. 0.25% -- -- --
DFA World ex U.S. Government Fixed
Income Portfolio (1).............. 0.20% $ 1 $312 $22
DFA Short-Term Government
Portfolio (2)..................... 0.20% -- -- --
DFA Short-Term Extended Quality
Portfolio (1)..................... 0.22% 6 600 35
223
NET WAIVED FEES/
PREVIOUSLY EXPENSES ASSUMED
RECOVERY WAIVED FEES/ (RECOVERED
EXPENSE OF PREVIOUSLY EXPENSES ASSUMED PREVIOUSLY WAIVED
LIMITATION WAIVED FEES/ SUBJECT TO FUTURE FEES/EXPENSES
INSTITUTIONAL CLASS SHARES AMOUNT EXPENSES ASSUMED RECOVERY ASSUMED)
-------------------------- ---------- ---------------- ----------------- -----------------
DFA Intermediate-Term Extended Quality
Portfolio (1)............................ 0.22% $21 $ 259 $(16)
DFA Targeted Credit Portfolio (1).......... 0.20% -- 345 50
DFA Global Core Plus Fixed Income
Portfolio (3)............................ 0.30% 14 7 7
DFA Investment Grade Portfolio (4)......... 0.22% 87 3,475 (65)
DFA Diversified Fixed Income
Portfolio (3)............................ 0.15% -- 821 301
DFA LTIP Portfolio (1)..................... 0.15% 18 36 (18)
DFA Inflation-Protected Securities
Portfolio (1)............................ 0.20% -- -- --
DFA Short-Duration Real Return
Portfolio (5)............................ 0.24% 20 -- (20)
DFA Municipal Real Return Portfolio (1).... 0.27% -- -- --
DFA California Municipal Real Return
Portfolio (3)............................ 0.30% -- 10 10
DFA Municipal Bond Portfolio (1)........... 0.23% 10 104 (9)
DFA Short-Term Municipal Bond
Portfolio (2)............................ 0.30% -- -- --
DFA Intermediate-Term Municipal Bond
Portfolio (1)............................ 0.23% 23 -- (23)
DFA California Short-Term Municipal Bond
Portfolio (1)............................ 0.30% -- -- --
DFA California Intermediate-Term Municipal
Bond Portfolio (1)....................... 0.23% 10 -- (10)
DFA NY Municipal Bond Portfolio (1)........ 0.25% 6 58 (5)
DFA MN Municipal Bond Portfolio (1)........ 0.32% -- 45 25
(1) The Advisor has contractually agreed to waive all or a portion of its
management fee and assume the ordinary operating expenses of a class of each of
the Portfolios listed above (excluding the expenses that the Portfolio incurs
indirectly through its investment in other investment companies) ("Portfolio
Expenses") to the extent necessary to limit the Portfolio Expenses of a class
of each Portfolio, on an annualized basis, to the rates listed above as a
percentage of a class of the respective Portfolio's average net assets (the
"Expense Limitation Amount"). At any time that the Portfolio Expenses of a
class of the Portfolio are less than the Expense Limitation Amount for such
class of shares of the Portfolio, the Advisor retains the right to recover any
fees previously waived and/or expenses previously assumed to the extent that
such recovery will not cause the annualized Portfolio Expenses for such class
of shares of the Portfolio to exceed the applicable Expense Limitation Amount.
(2) The Advisor has contractually agreed to waive all or a portion of its
management fee to the extent necessary to reduce the ordinary operating
expenses (excluding expenses incurred through its investment in other
investment companies) ("Portfolio Expenses") of a class of each of the
Portfolios listed above so that such Portfolio Expenses, on an annualized
basis, do not exceed the rate reflected above for a class of each such
Portfolio (the "Expense Limitation Amount"). At any time that the Portfolio
Expenses of a class of the Portfolio are less than the Expense Limitation
Amount for a class of the Portfolio, the Advisor retains the right to recover
any fees previously waived to the extent that such recovery will not cause the
annualized Portfolio Expenses for such class of shares of the Portfolio to
exceed the Expense Limitation Amount.
(3) The Advisor has contractually agreed to waive all or a portion of its
management fee and to assume the ordinary operating expenses of a class of the
Portfolio (including the expenses that the Portfolio bears as a shareholder of
other funds managed by the Advisor, excluding money market funds, but excluding
the expenses
224
that the Portfolio incurs indirectly through its investment in unaffiliated
investment companies) ("Portfolio Expenses") to the extent necessary to limit
the Portfolio Expenses of a class of the Portfolio to the rate listed above as
a percentage of the average net assets of a class of the Portfolio on an
annualized basis (the "Expense Limitation Amount"). At any time that the
Portfolio Expenses are less than the Expense Limitation Amount of a class of
shares of the Portfolio, the Advisor retains the right to recover any fees
previously waived and/or expenses previously assumed to the extent that such
recovery will not cause the annualized Portfolio Expenses for such class of
shares of the Portfolio to exceed the Expense Limitation Amount.
(4) The Advisor has agreed to waive all or a portion of its management fee
and to assume the expenses of a class of the Portfolio (including the expenses
that the Portfolio bears as a shareholder of other funds managed by the Advisor
but excluding the expenses that the Portfolio incurs indirectly through
investment of its securities lending cash collateral in The DFA Short Term
Investment Fund (the "Money Market Series") and its investment in unaffiliated
investment companies) ("Portfolio Expenses") to the extent necessary to limit
Portfolio Expenses of a class of the Portfolio, on an annualized basis, to the
rate listed above as a percentage of the average net assets of a class of the
Portfolio (the "Expense Limitation Amount"). At any time that the Portfolio
Expenses are less than the Expense Limitation Amount of a class of shares of
the Portfolio, the Advisor retains the right to recover any fees previously
waived and/or expenses previously assumed to the extent that such recovery will
not cause the annualized Portfolio Expenses for such class of shares of the
Portfolio to exceed the Expense Limitation Amount.
(5) The Advisor has contractually agreed to waive up to the full amount of
the Portfolio's management fee to the extent necessary to offset the
proportionate share of the management fees paid by the Portfolio through its
investment in other funds managed by the Advisor, except for the fees paid
through its investment of securities lending cash collateral in the Money
Market Series (the "Underlying Funds"). In addition, under the Fee Waiver
Agreement, the Advisor has also agreed to waive all or a portion of the
management fee and to assume the ordinary operating expenses of a class of the
Portfolio (including the expenses that the Portfolio bears as a shareholder of
other funds managed by the Advisor but excluding the expenses that the
Portfolio incurs indirectly through investment of its securities lending cash
collateral in the Money Market Series and the expenses that the Portfolio
incurs indirectly through its investment in unaffiliated investment companies)
("Portfolio Expenses") to the extent necessary to limit the Portfolio Expenses
of a class of the Portfolio to the rate listed above as a percentage of the
average net assets of a class of the Portfolio on an annualized basis (the
"Expense Limitation Amount"). At any time that the Portfolio's annualized
Portfolio Expenses are less than the Portfolio's Expense Limitation Amount,
described above, the Advisor retains the right to recover any fees previously
waived and/or expenses previously assumed to the extent that such recovery will
not cause the annualized Portfolio Expenses of a class of the Portfolio to
exceed the Expense Limitation Amount. The Advisor, however, shall not be
reimbursed for any management fees previously waived to offset the Portfolio's
proportionate share of the management fees paid by the Portfolio through its
investment in other funds managed by the Advisor.
EARNED INCOME CREDIT:
In addition, Portfolios have entered into arrangements with their custodian
whereby net interest earned on uninvested cash balances was used to reduce a
portion of the Portfolios' custody expenses. Custody expense in the
accompanying financial statements is presented before reduction for credits.
The impact of such credits is generally less than one basis point of each
Portfolio's net assets. During the six months ended April 30, 2018, expenses
reduced were as follows (amounts in thousands):
FEES PAID
INDIRECTLY
----------
DFA Two-Year Global Fixed Income Portfolio.......... $24
DFA Five-Year Global Fixed Income Portfolio......... 43
DFA World ex U.S. Government Fixed Income Portfolio. 10
DFA Municipal Real Return Portfolio................. 38
DFA California Municipal Real Return Portfolio...... 2
DFA Municipal Bond Portfolio........................ 12
DFA Short-Term Municipal Bond Portfolio............. 78
225
FEES PAID
INDIRECTLY
----------
DFA Intermediate-Term Municipal Bond Portfolio............ $51
DFA California Short-Term Municipal Bond Portfolio........ 33
DFA California Intermediate-Term Municipal Bond Portfolio. 10
DFA NY Municipal Bond Portfolio........................... 4
DFA MN Municipal Bond Portfolio........................... 2
FEES PAID TO OFFICERS AND DIRECTORS/TRUSTEES:
Certain Officers and Directors of the Advisor are also Officers and
Directors of the Fund; however, such Officers and Directors (with the exception
of the Chief Compliance Officer ("CCO")) receive no compensation from the Fund.
For the six months ended April 30, 2018, the total related amounts paid by the
Fund to the CCO were $158 (in thousands). The total related amounts paid by
each of the Portfolios are included in Other Expenses on the Statement of
Operations.
D. DEFERRED COMPENSATION:
At April 30, 2018, the total liability for deferred compensation to
Directors is included in Accrued Expenses and Other Liabilities on the
Statement of Assets and Liabilities as follows (amounts in thousands):
DFA One-Year Fixed Income Portfolio....................... $393
DFA Two-Year Global Fixed Income Portfolio................ 313
DFA Selectively Hedged Global Fixed Income Portfolio...... 32
DFA Five-Year Global Fixed Income Portfolio............... 339
DFA World ex U.S. Government Fixed Income Portfolio....... 12
DFA Short-Term Government Portfolio....................... 78
DFA Intermediate Government Fixed Income Portfolio........ 132
DFA Short-Term Extended Quality Portfolio................. 97
DFA Intermediate-Term Extended Quality Portfolio.......... 32
DFA Targeted Credit Portfolio............................. 4
DFA Global Core Plus Fixed Income Portfolio............... --
DFA Investment Grade Portfolio............................ 92
DFA Diversified Fixed Income Portfolio.................... 3
DFA LTIP Portfolio........................................ 1
DFA Inflation-Protected Securities Portfolio.............. 95
DFA Short-Duration Real Return Portfolio.................. 13
DFA Municipal Real Return Portfolio....................... 6
DFA California Municipal Real Return Portfolio............ --
DFA Municipal Bond Portfolio.............................. 3
DFA Short-Term Municipal Bond Portfolio................... 82
DFA Intermediate-Term Municipal Bond Portfolio............ 19
DFA California Short-Term Municipal Bond Portfolio........ 23
DFA California Intermediate-Term Municipal Bond Portfolio. 4
DFA NY Municipal Bond Portfolio........................... 1
DFA MN Municipal Bond Portfolio........................... --
226
E. PURCHASES AND SALES OF SECURITIES:
For the six months ended April 30, 2018, the Portfolios made the following
purchases and sales of investment securities, other than short-term securities
and in-kind redemptions (amounts in thousands):
U.S. GOVERNMENT OTHER INVESTMENT
SECURITIES SECURITIES
------------------- ---------------------
PURCHASES SALES PURCHASES SALES
---------- -------- ---------- ----------
DFA One-Year Fixed Income Portfolio....................... $ 889,346 $990,019 $2,107,169 $1,777,126
DFA Two-Year Global Fixed Income Portfolio................ 267,267 407,339 2,193,008 1,803,618
DFA Selectively Hedged Global Fixed Income Portfolio...... 100,891 29,315 229,464 257,418
DFA Five-Year Global Fixed Income Portfolio............... -- -- 5,034,665 4,205,264
DFA World ex U.S. Government Fixed Income Portfolio....... -- 1,831 297,307 206,524
DFA Short-Term Government Portfolio....................... 473,166 357,411 -- --
DFA Intermediate Government Fixed Income Portfolio........ 663,206 252,808 -- --
DFA Short-Term Extended Quality Portfolio................. -- -- 990,059 572,008
DFA Intermediate-Term Extended Quality Portfolio.......... 22,903 17,401 345,791 214,444
DFA Targeted Credit Portfolio............................. -- -- 160,216 74,184
DFA Global Core Plus Fixed Income Portfolio............... -- 10,825 540,924 202,959
DFA Investment Grade Portfolio............................ 538,778 365,250 784,871 242,508
DFA Diversified Fixed Income Portfolio.................... 44,284 11,422 145,724 --
DFA LTIP Portfolio........................................ 54,114 5,618 -- --
DFA Inflation-Protected Securities Portfolio.............. 1,006,730 709,818 -- --
DFA Short-Duration Real Return Portfolio.................. 81,300 64,715 282,827 150,835
DFA Municipal Real Return Portfolio....................... -- -- 110,656 12,541
DFA California Municipal Real Return Portfolio............ -- -- 76,108 --
DFA Municipal Bond Portfolio.............................. -- -- 96,744 19,853
DFA Short-Term Municipal Bond Portfolio................... -- -- 307,929 183,432
DFA Intermediate-Term Municipal Bond Portfolio............ -- -- 183,107 32,361
DFA California Short-Term Municipal Bond Portfolio........ -- -- 152,074 103,702
DFA California Intermediate-Term Municipal Bond Portfolio. -- -- 75,309 11,130
DFA NY Municipal Bond Portfolio........................... -- -- 13,031 12,063
DFA MN Municipal Bond Portfolio........................... -- -- 15,108 5,812
For the six months ended April 30, 2018, transactions related to Affiliated
Investment Companies, excluding in-kind redemptions, were as follows (amounts
in thousands):
NET REALIZED
GAIN/(LOSS) DIVIDEND
ON SALES OF CHANGE IN INCOME FROM
AFFILIATED UNREALIZED AFFILIATED
BALANCE AT PURCHASES PROCEEDS INVESTMENT APPRECIATION/ BALANCE AT SHARES AS OF INVESTMENT
10/31/17 AT COST FROM SALES COMPANIES DEPRECIATION 04/30/18 04/30/18 COMPANIES
- ---------- ---------- ---------- ------------ ------------- ---------- ------------ -----------
DFA ONE-YEAR FIXED INCOME
PORTFOLIO
DFA Short Term Investment
Fund..................... $100,564 $1,176,920 $898,615 $(40) $17 $378,846 32,744 --
-------- ---------- -------- ---- --- -------- ------ --
TOTAL..................... $100,564 $1,176,920 $898,615 $(40) $17 $378,846 32,744 --
======== ========== ======== ==== === ======== ====== ==
DFA TWO-YEAR GLOBAL FIXED
INCOME PORTFOLIO
DFA Short Term Investment
Fund..................... $ 27,030 $ 447,243 $304,259 $(14) $ 6 $170,006 14,694 --
-------- ---------- -------- ---- --- -------- ------ --
TOTAL..................... $ 27,030 $ 447,243 $304,259 $(14) $ 6 $170,006 14,694 --
======== ========== ======== ==== === ======== ====== ==
CAPITAL GAIN
DISTRIBUTIONS
FROM
AFFILIATED
INVESTMENT
COMPANIES
- -------------
DFA ONE-YEAR FIXED INCOME
PORTFOLIO
DFA Short Term Investment
Fund..................... --
--
TOTAL..................... --
==
DFA TWO-YEAR GLOBAL FIXED
INCOME PORTFOLIO
DFA Short Term Investment
Fund..................... --
--
TOTAL..................... --
==
227
NET REALIZED
GAIN/(LOSS) DIVIDEND
ON SALES OF CHANGE IN INCOME FROM
AFFILIATED UNREALIZED AFFILIATED
BALANCE AT PURCHASES PROCEEDS INVESTMENT APPRECIATION/ BALANCE AT SHARES AS OF INVESTMENT
10/31/17 AT COST FROM SALES COMPANIES DEPRECIATION 04/30/18 04/30/18 COMPANIES
- ---------- --------- ---------- ------------ ------------- ---------- ------------ -----------
DFA SELECTIVELY HEDGED GLOBAL
FIXED INCOME PORTFOLIO
DFA Short Term Investment
Fund.......................... $ 1 $135,476 $113,567 $ (3) $ 1 $ 21,908 1,894 --
-------- -------- -------- ---- -------- -------- ------ ------
TOTAL.......................... $ 1 $135,476 $113,567 $ (3) $ 1 $ 21,908 1,894 --
======== ======== ======== ==== ======== ======== ====== ======
DFA FIVE-YEAR GLOBAL FIXED
INCOME PORTFOLIO
DFA Short Term Investment
Fund.......................... $ 77,381 $389,807 $409,863 $(18) $ 4 $ 57,311 4,953 $ 728
-------- -------- -------- ---- -------- -------- ------ ------
TOTAL.......................... $ 77,381 $389,807 $409,863 $(18) $ 4 $ 57,311 4,953 $ 728
======== ======== ======== ==== ======== ======== ====== ======
DFA SHORT-TERM EXTENDED
QUALITY PORTFOLIO
DFA Short Term Investment
Fund.......................... $ 21,242 $433,269 $284,790 $ (8) $ 3 $169,716 14,669 --
-------- -------- -------- ---- -------- -------- ------ ------
TOTAL.......................... $ 21,242 $433,269 $284,790 $ (8) $ 3 $169,716 14,669 --
======== ======== ======== ==== ======== ======== ====== ======
DFA INTERMEDIATE-TERM
EXTENDED QUALITY PORTFOLIO
DFA Short Term Investment
Fund.......................... $ 55,477 $426,961 $308,167 $(24) $ 4 $174,251 15,061 $ 1
-------- -------- -------- ---- -------- -------- ------ ------
TOTAL.......................... $ 55,477 $426,961 $308,167 $(24) $ 4 $174,251 15,061 $ 1
======== ======== ======== ==== ======== ======== ====== ======
DFA TARGETED CREDIT PORTFOLIO
DFA Short Term Investment
Fund.......................... $ 7,336 $100,875 $ 61,791 $ (4) -- $ 46,416 4,012 $ 269
-------- -------- -------- ---- -------- -------- ------ ------
TOTAL.......................... $ 7,336 $100,875 $ 61,791 $ (4) -- $ 46,416 4,012 $ 269
======== ======== ======== ==== ======== ======== ====== ======
DFA INVESTMENT GRADE
PORTFOLIO
DFA Short Term Investment
Fund.......................... $319,672 $850,497 $790,682 $(82) $ 17 $379,422 32,794 $ 2
-------- -------- -------- ---- -------- -------- ------ ------
TOTAL.......................... $319,672 $850,497 $790,682 $(82) $ 17 $379,422 32,794 $ 2
======== ======== ======== ==== ======== ======== ====== ======
DFA DIVERSIFIED FIXED INCOME
PORTFOLIO
Investment in DFA Intermediate
Government Fixed Income
Portfolio of.................. $263,735 $ 95,611 -- -- $(11,836) $347,510 29,008 $3,053
DFA Two-Year Global Fixed
Income Portfolio of........... 158,623 50,113 -- -- (1,640) 207,096 20,940 1,569
-------- -------- -------- ---- -------- -------- ------ ------
TOTAL.......................... $422,358 $145,724 -- -- $(13,476) $554,606 49,948 $4,622
======== ======== ======== ==== ======== ======== ====== ======
DFA SHORT-DURATION REAL
RETURN PORTFOLIO
DFA Short Term Investment
Fund.......................... $ 28,874 $227,943 $164,929 $ (8) $ 1 $ 91,881 7,941 --
-------- -------- -------- ---- -------- -------- ------ ------
TOTAL.......................... $ 28,874 $227,943 $164,929 $ (8) $ 1 $ 91,881 7,941 --
======== ======== ======== ==== ======== ======== ====== ======
CAPITAL GAIN
DISTRIBUTIONS
FROM
AFFILIATED
INVESTMENT
COMPANIES
- -------------
DFA SELECTIVELY HEDGED GLOBAL
FIXED INCOME PORTFOLIO
DFA Short Term Investment
Fund.......................... --
----
TOTAL.......................... --
====
DFA FIVE-YEAR GLOBAL FIXED
INCOME PORTFOLIO
DFA Short Term Investment
Fund.......................... --
----
TOTAL.......................... --
====
DFA SHORT-TERM EXTENDED
QUALITY PORTFOLIO
DFA Short Term Investment
Fund.......................... --
----
TOTAL.......................... --
====
DFA INTERMEDIATE-TERM
EXTENDED QUALITY PORTFOLIO
DFA Short Term Investment
Fund.......................... --
----
TOTAL.......................... --
====
DFA TARGETED CREDIT PORTFOLIO
DFA Short Term Investment
Fund.......................... --
----
TOTAL.......................... --
====
DFA INVESTMENT GRADE
PORTFOLIO
DFA Short Term Investment
Fund.......................... --
----
TOTAL.......................... --
====
DFA DIVERSIFIED FIXED INCOME
PORTFOLIO
Investment in DFA Intermediate
Government Fixed Income
Portfolio of.................. $302
DFA Two-Year Global Fixed
Income Portfolio of........... --
----
TOTAL.......................... $302
====
DFA SHORT-DURATION REAL
RETURN PORTFOLIO
DFA Short Term Investment
Fund.......................... --
----
TOTAL.......................... --
====
228
F. FEDERAL INCOME TAXES:
Each Portfolio has qualified and intends to continue to qualify as a
regulated investment company under Subchapter M of the Internal Revenue Code
for federal income tax purposes and to distribute substantially all of its
taxable income and net capital gains to its shareholders. Accordingly, no
provision has been made for federal income taxes.
Distributions from net investment income and net realized capital gains are
determined in accordance with U.S. federal income tax regulations, which may
differ from those amounts determined under accounting principles generally
accepted in the United States of America. These book/tax differences are either
temporary or permanent in nature. To the extent these differences are
permanent, they are charged or credited to paid-in capital, undistributed net
investment income or accumulated net realized gains or losses, as appropriate,
in the period that the differences arise. Accordingly, the following permanent
differences as of October 31, 2017, primarily attributable to net foreign
currency gains/losses, non-deductible expenses, expiration of capital loss
carryovers, distribution redesignations and short term distributions from
underlying RICs were reclassified to the following accounts. These
reclassifications had no effect on net assets or net asset value per share
(amounts in thousands):
INCREASE INCREASE
(DECREASE) (DECREASE)
INCREASE UNDISTRIBUTED ACCUMULATED
(DECREASE) NET INVESTMENT NET REALIZED
PAID-IN CAPITAL INCOME GAINS (LOSSES)
--------------- -------------- --------------
DFA One-Year Fixed Income Portfolio....................... $ 2,052 $ (2,053) $ 1
DFA Two-Year Global Fixed Income Portfolio................ 766 (18,714) 17,948
DFA Selectively Hedged Global Fixed Income Portfolio...... 569 (2,970) 2,401
DFA Five-Year Global Fixed Income Portfolio............... 6,178 (35,494) 29,316
DFA World ex U.S. Government Fixed Income Portfolio....... (30,455) (13,047) 43,502
DFA Short-Term Government Portfolio....................... 562 (564) 2
DFA Intermediate Government Fixed Income Portfolio........ 1,270 (1,200) (70)
DFA Short-Term Extended Quality Portfolio................. 1,443 (6,424) 4,981
DFA Intermediate-Term Extended Quality Portfolio.......... 764 (682) (82)
DFA Targeted Credit Portfolio............................. 214 (591) 377
DFA Investment Grade Portfolio............................ 2,443 (7,206) 4,763
DFA Diversified Fixed Income Portfolio.................... 78 (10) (68)
DFA LTIP Portfolio........................................ 26 (76) 50
DFA Inflation-Protected Securities Portfolio.............. 1,105 (1,107) 2
DFA Short-Duration Real Return Portfolio.................. -- (2,461) 2,461
DFA Municipal Real Return Portfolio....................... -- -- --
DFA Municipal Bond Portfolio.............................. -- -- --
DFA Short-Term Municipal Bond Portfolio................... -- -- --
DFA Intermediate-Term Municipal Bond Portfolio............ -- -- --
DFA California Short-Term Municipal Bond Portfolio........ -- -- --
DFA California Intermediate-Term Municipal Bond Portfolio. -- -- --
DFA NY Municipal Bond Portfolio........................... -- -- --
DFA MN Municipal Bond Portfolio........................... -- -- --
The tax character of dividends and distributions declared and paid during
the years ended October 31, 2016 and October 31, 2017 were as follows (amounts
in thousands):
NET INVESTMENT
INCOME AND
SHORT-TERM LONG-TERM TAX EXEMPT
CAPITAL GAINS CAPITAL GAINS INCOME TOTAL
-------------- ------------- ---------- -------
DFA One-Year Fixed Income Portfolio
2016................................ $55,296 $2,550 -- $57,846
2017................................ 75,758 403 -- 76,161
229
NET INVESTMENT
INCOME AND
SHORT-TERM LONG-TERM TAX EXEMPT
CAPITAL GAINS CAPITAL GAINS INCOME TOTAL
-------------- ------------- ---------- --------
DFA Two-Year Global Fixed Income Portfolio
2016................................................. $ 24,459 -- -- $ 24,459
2017................................................. 46,352 -- -- 46,352
DFA Selectively Hedged Global Fixed Income Portfolio
2016................................................. 10,482 -- -- 10,482
2017................................................. 16,079 -- -- 16,079
DFA Five-Year Global Fixed Income Portfolio
2016................................................. 186,372 $30,555 -- 216,927
2017................................................. 225,389 42,519 -- 267,908
DFA World ex U.S. Government Fixed Income Portfolio
2016................................................. 37,065 629 -- 37,694
2017................................................. 19,427 550 -- 19,977
DFA Short-Term Government Portfolio
2016................................................. 24,266 5,104 -- 29,370
2017................................................. 25,111 4,717 -- 29,828
DFA Intermediate Government Fixed Income Portfolio
2016................................................. 68,307 14,801 -- 83,108
2017................................................. 88,513 6,710 -- 95,223
DFA Short-Term Extended Quality Portfolio
2016................................................. 75,753 5,231 -- 80,984
2017................................................. 84,613 4 -- 84,617
DFA Intermediate-Term Extended Quality Portfolio
2016................................................. 38,250 5,135 -- 43,385
2017................................................. 46,757 2,020 -- 48,777
DFA Targeted Credit Portfolio
2016................................................. 6,004 -- -- 6,004
2017................................................. 9,264 -- -- 9,264
DFA Investment Grade Portfolio
2016................................................. 101,641 13,535 -- 115,176
2017................................................. 150,794 -- -- 150,794
DFA Diversified Fixed Income Portfolio
2016................................................. 110 -- -- 110
2017................................................. 5,141 -- -- 5,141
DFA LTIP Portfolio
2016................................................. 786 -- -- 786
2017................................................. 2,415 -- -- 2,415
DFA Inflation-Protected Securities Portfolio
2016................................................. 36,066 2,828 -- 38,894
2017................................................. 78,014 8,864 -- 86,878
DFA Short-Duration Real Return Portfolio
2016................................................. 9,645 -- -- 9,645
2017................................................. 13,087 -- -- 13,087
DFA Municipal Real Return Portfolio
2016................................................. -- -- $4,131 4,131
2017................................................. -- -- 8,396 8,396
DFA Municipal Bond Portfolio
2016................................................. -- -- 1,922 1,922
2017................................................. -- -- 3,378 3,378
230
NET INVESTMENT
INCOME AND
SHORT-TERM LONG-TERM TAX EXEMPT
CAPITAL GAINS CAPITAL GAINS INCOME TOTAL
-------------- ------------- ---------- -------
DFA Short-Term Municipal Bond Portfolio
2016...................................................... -- -- $21,005 $21,005
2017...................................................... -- -- 22,189 22,189
DFA Intermediate-Term Municipal Bond Portfolio
2016...................................................... -- -- 15,739 15,739
2017...................................................... -- -- 20,181 20,181
DFA California Short-Term Municipal Bond Portfolio
2016...................................................... -- -- 7,440 7,440
2017...................................................... -- -- 8,471 8,471
DFA California Intermediate-Term Municipal Bond Portfolio
2016...................................................... -- -- 3,364 3,364
2017...................................................... -- -- 4,115 4,115
DFA NY Municipal Bond Portfolio
2016...................................................... -- -- 487 487
2017...................................................... -- -- 796 796
DFA MN Municipal Bond Portfolio
2016...................................................... -- -- -- --
2017...................................................... -- -- 131 131
The DFA MN Municipal Bond Portfolio commenced operations on July 25, 2017,
and did not pay any distributions for the year ended October 31, 2016.
The DFA California Municipal Real Return Portfolio commenced operations on
November 1, 2017, and did not pay any distributions for the year ended
October 31, 2016. The DFA Global Core Plus Fixed Income Portfolio commenced
operations on January 11, 2018, and did not pay any distributions for the years
ended October 31, 2016 and October 31, 2017.
At October 31, 2017, the following net investment income and short-term
capital gains and long-term capital gains distributions designated for federal
income tax purposes are due to the utilization of accumulated earnings and
profits distributed to shareholders upon redemption of shares (amounts in
thousands):
NET INVESTMENT
INCOME AND
SHORT-TERM LONG-TERM
CAPITAL GAINS CAPITAL GAINS TOTAL
-------------- ------------- -------
DFA One-Year Fixed Income Portfolio.................. $(2,052) -- $(2,052)
DFA Two-Year Global Fixed Income Portfolio........... (766) -- (766)
DFA Selectively Hedged Global Fixed Income Portfolio. (569) -- (569)
DFA Five-Year Global Fixed Income Portfolio.......... (5,964) $(214) (6,178)
DFA World ex U.S. Government Fixed Income Portfolio.. -- -- --
DFA Short-Term Government Portfolio.................. (562) -- (562)
DFA Intermediate Government Fixed Income Portfolio... (1,200) (70) (1,270)
DFA Short-Term Extended Quality Portfolio............ (1,386) (57) (1,443)
DFA Intermediate-Term Extended Quality Portfolio..... (681) (83) (764)
DFA Targeted Credit Portfolio........................ (196) (18) (214)
DFA Investment Grade Portfolio....................... (2,443) -- (2,443)
DFA Diversified Fixed Income Portfolio............... (77) (1) (78)
DFA LTIP Portfolio................................... (26) -- (26)
DFA Inflation-Protected Securities Portfolio......... (1,105) -- (1,105)
DFA Short-Duration Real Return Portfolio............. -- -- --
DFA Municipal Real Return Portfolio.................. -- -- --
DFA Municipal Bond Portfolio......................... -- -- --
231
NET INVESTMENT
INCOME AND
SHORT-TERM LONG-TERM
CAPITAL GAINS CAPITAL GAINS TOTAL
-------------- ------------- -----
DFA Short-Term Municipal Bond Portfolio................... -- -- --
DFA Intermediate-Term Municipal Bond Portfolio............ -- -- --
DFA California Short-Term Municipal Bond Portfolio........ -- -- --
DFA California Intermediate-Term Municipal Bond Portfolio. -- -- --
DFA NY Municipal Bond Portfolio........................... -- -- --
DFA MN Municipal Bond Portfolio........................... -- -- --
At October 31, 2017, the components of distributable earnings (accumulated
losses) were as follows (amounts in thousands):
UNDISTRIBUTED TOTAL NET
NET INVESTMENT DISTRIBUTABLE
INCOME AND UNDISTRIBUTED UNREALIZED EARNINGS
SHORT-TERM LONG-TERM CAPITAL LOSS APPRECIATION (ACCUMULATED
CAPITAL GAINS CAPITAL GAINS CARRYFORWARDS (DEPRECIATION) LOSSES)
-------------- ------------- ------------- -------------- -------------
DFA One-Year Fixed Income Portfolio........ $ 398 -- $ (3,162) $(10,506) $(13,270)
DFA Two-Year Global Fixed Income
Portfolio................................ 35,430 -- (7,424) (16,527) 11,479
DFA Selectively Hedged Global Fixed
Income Portfolio......................... 16,780 -- (78,906) (495) (62,621)
DFA Five-Year Global Fixed Income
Portfolio................................ 115,063 $9,217 -- (24,212) 100,068
DFA World ex U.S. Government Fixed
Income Portfolio......................... -- -- (171) 26,484 26,313
DFA Short-Term Government Portfolio........ 2,637 -- (294) (17,066) (14,723)
DFA Intermediate Government Fixed Income
Portfolio................................ 9,396 4,998 -- (12,172) 2,222
DFA Short-Term Extended Quality
Portfolio................................ 14,683 4,054 -- 1,180 19,917
DFA Intermediate-Term Extended Quality
Portfolio................................ 479 5,639 -- 12,162 18,280
DFA Targeted Credit Portfolio.............. 1,558 906 -- 543 3,007
DFA Investment Grade Portfolio............. 27,512 -- (2,725) 30,614 55,401
DFA Diversified Fixed Income Portfolio..... 254 98 -- (2,426) (2,074)
DFA LTIP Portfolio......................... 359 -- (387) 2,029 2,001
DFA Inflation-Protected Securities
Portfolio................................ 11,501 -- (980) 54,202 64,723
DFA Short-Duration Real Return Portfolio... 16,201 -- (16,329) 3,680 3,552
DFA Municipal Real Return Portfolio........ 163 -- (2,664) 10,882 8,381
DFA Municipal Bond Portfolio............... 69 -- (28) 1,661 1,702
DFA Short-Term Municipal Bond Portfolio.... 418 -- (106) 6,385 6,697
DFA Intermediate-Term Municipal Bond
Portfolio................................ 395 -- (104) 18,855 19,146
DFA California Short-Term Municipal Bond
Portfolio................................ 134 -- (23) 4,398 4,509
DFA California Intermediate-Term Municipal
Bond Portfolio........................... 82 -- (8) 5,238 5,312
DFA NY Municipal Bond Portfolio............ 15 -- (1) 705 719
DFA MN Municipal Bond Portfolio............ 5 -- -- (299) (294)
For federal income tax purposes, the Fund measures its capital loss
carryforwards annually at October 31, its fiscal year end. Capital loss
carryforwards may be carried forward and applied against future capital gains.
Under
232
the Regulated Investment Company Modernization Act of 2010, capital losses
incurred by these Portfolios after October 31, 2011 will not be subject to
expiration and will retain their character as either short-term or long-term
capital losses. In addition, such losses must be utilized prior to the losses
incurred in the years preceding enactment. As of October 31, 2017, the
Portfolios had the following capital loss carryforwards available to offset
future realized capital gains through October 31 of the indicated expiration
dates, as applicable (amounts in thousands):
2018 2019 UNLIMITED TOTAL
---- ---- --------- -------
DFA One-Year Fixed Income Portfolio....................... -- -- $ 3,162 $ 3,162
DFA Two-Year Global Fixed Income Portfolio................ -- -- 7,424 7,424
DFA Selectively Hedged Global Fixed Income Portfolio...... -- -- 78,906 78,906
DFA Five-Year Global Fixed Income Portfolio............... -- -- -- --
DFA World ex U.S. Government Fixed Income Portfolio....... -- -- 171 171
DFA Short-Term Government Portfolio....................... -- -- 294 294
DFA Intermediate Government Fixed Income Portfolio........ -- -- -- --
DFA Short-Term Extended Quality Portfolio................. -- -- -- --
DFA Intermediate-Term Extended Quality Portfolio.......... -- -- -- --
DFA Targeted Credit Portfolio............................. -- -- -- --
DFA Investment Grade Portfolio............................ -- -- 2,725 2,725
DFA Diversified Fixed Income Portfolio.................... -- -- -- --
DFA LTIP Portfolio........................................ -- -- 387 387
DFA Inflation-Protected Securities Portfolio.............. -- -- 980 980
DFA Short-Duration Real Return Portfolio.................. -- -- 16,329 16,329
DFA Municipal Real Return Portfolio....................... -- -- 2,664 2,664
DFA Municipal Bond Portfolio.............................. -- -- 28 28
DFA Short-Term Municipal Bond Portfolio................... -- $ 3 103 106
DFA Intermediate-Term Municipal Bond Portfolio............ -- -- 104 104
DFA California Short-Term Municipal Bond Portfolio........ $ 1 3 19 23
DFA California Intermediate-Term Municipal Bond Portfolio. -- -- 8 8
DFA NY Municipal Bond Portfolio........................... -- -- 1 1
DFA MN Municipal Bond Portfolio........................... -- -- -- --
During the year ended October 31, 2017, the Portfolios utilized the
following capital loss carryforwards to offset realized capital gains for
federal income tax purposes (amounts in thousands):
DFA Short-Term Extended Quality Portfolio................. $ 612
DFA Targeted Credit Portfolio............................. 121
DFA Investment Grade Portfolio............................ 4,492
DFA California Intermediate-Term Municipal Bond Portfolio. 2
At April 30, 2018, the total cost and aggregate gross unrealized
appreciation (depreciation) of securities for federal income tax purposes were
different from amounts reported for financial reporting purposes, as follows
(amounts in thousands):
NET
UNREALIZED
FEDERAL UNREALIZED UNREALIZED APPRECIATION
TAX COST APPRECIATION DEPRECIATION (DEPRECIATION)
----------- ------------ ------------ --------------
DFA One-Year Fixed Income Portfolio......... $ 8,445,203 $ 1,071 $ (42,224) $(41,153)
DFA Two-Year Global Fixed Income Portfolio.. 5,574,716 2,993 (55,430) (52,437)
DFA Selectively Hedged Global Fixed Income
Portfolio................................. 1,193,587 16,288 (17,364) (1,076)
DFA Five-Year Global Fixed Income Portfolio. 14,737,994 199,494 (289,000) (89,506)
233
NET
UNREALIZED
FEDERAL UNREALIZED UNREALIZED APPRECIATION
TAX COST APPRECIATION DEPRECIATION (DEPRECIATION)
---------- ------------ ------------ --------------
DFA World ex U.S. Government Fixed Income Portfolio. $ 989,369 $48,100 $ (7,183) $ 40,917
DFA Short-Term Government Portfolio................. 2,333,298 -- (56,863) (56,863)
DFA Intermediate Government Fixed Income Portfolio.. 4,984,809 9,897 (199,604) (189,707)
DFA Short-Term Extended Quality Portfolio........... 6,089,108 31,736 (114,285) (82,549)
DFA Intermediate-Term Extended Quality Portfolio.... 2,078,093 285 (78,812) (78,527)
DFA Targeted Credit Portfolio....................... 636,853 2,852 (12,038) (9,186)
DFA Global Core Plus Fixed Income Portfolio......... 417,036 6,500 (9,045) (2,545)
DFA Investment Grade Portfolio...................... 9,026,370 7,664 (289,719) (282,055)
DFA Diversified Fixed Income Portfolio.............. 712,007 -- (17,718) (17,718)
DFA LTIP Portfolio.................................. 171,949 2,818 (942) 1,876
DFA Inflation-Protected Securities Portfolio........ 4,632,174 30,645 (60,917) (30,272)
DFA Short-Duration Real Return Portfolio............ 1,350,406 18,378 (23,631) (5,253)
DFA Municipal Real Return Portfolio................. 791,943 19,403 (19,282) 121
DFA California Municipal Real Return Portfolio...... 79,993 866 (1,606) (740)
DFA Municipal Bond Portfolio........................ 415,265 26 (6,259) (6,233)
DFA Short-Term Municipal Bond Portfolio............. 2,546,095 39 (15,221) (15,182)
DFA Intermediate-Term Municipal Bond Portfolio...... 1,752,341 3,126 (24,267) (21,141)
DFA California Short-Term Municipal Bond Portfolio.. 1,078,188 314 (4,974) (4,660)
DFA California Intermediate-Term Municipal Bond
Portfolio......................................... 397,009 1,415 (4,345) (2,930)
DFA NY Municipal Bond Portfolio..................... 92,991 8 (608) (600)
DFA MN Municipal Bond Portfolio..................... 67,643 -- (1,661) (1,661)
The difference between GAAP-basis and tax basis unrealized gains (losses) is
attributable primarily to wash sales and net mark to market gains (losses) on
regulated futures contracts, net mark-to-market gain/loss on foreign currency
contracts, and differences in the tax treatment of passive foreign investment
company investments.
ASC 740 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES sets forth a minimum
threshold for financial statement recognition of the benefit of a tax position
taken or expected to be taken in a tax return. Management has analyzed the
Portfolios' tax positions and has concluded that no additional provision for
income tax is required in the Portfolios' financial statements. The Portfolios
are not aware of any tax positions for which it is more likely than not that
the total amounts of unrecognized tax benefits will significantly change in the
next twelve months. The Portfolios' federal tax returns for the prior three
fiscal years remain subject to examination by the Internal Revenue Service.
G. FINANCIAL INSTRUMENTS:
In accordance with the Portfolios' investment objectives and policies, the
Portfolios may invest in certain financial instruments that have off-balance
sheet risk in excess of the amounts recognized in the financial statements and
concentrations of credit and market risk. These instruments and their
significant corresponding risks are described below:
1. FOREIGN MARKET RISKS: Investments in foreign markets may involve
certain considerations and risks not typically associated with investments in
the United States of America, including the possibility of future political and
economic developments and the level of foreign governmental supervision and
regulation of foreign securities markets. These markets are generally smaller,
less liquid and more volatile than the major securities markets in the United
States of America. Consequently, acquisition and disposition of international
securities held by the Portfolios may be inhibited.
2. INFLATION PROTECTION RISKS: Because the interest and/or principal
payments on an inflation-protected security are adjusted periodically for
changes in inflation, the income distributed by the DFA Diversified Fixed
Income Portfolio, DFA LTIP Portfolio, DFA Inflation-Protected Securities
Portfolio, DFA Short-Duration Real Return
234
Portfolio and DFA Municipal Real Return Portfolio may be irregular. Although
the U.S. Treasury guarantees to pay at least the original face value of any
inflation-protected securities the Treasury issues, other issuers may not offer
the same guarantee. Also, inflation-protected securities, including those
issued by the U.S. Treasury, are not protected against deflation. As a result,
in a period of deflation, the principal and income of inflation-protected
securities held by a Portfolio will decline and the Portfolio may suffer a loss
during such periods. While inflation-protected securities are expected to be
protected from long-term inflationary trends, short-term increases in inflation
may lead to a decline in a Portfolio's value. For example, if interest rates
rise due to reasons other than inflation, Portfolio's investment in these
securities may not be protected to the extent that the increase is not
reflected in the securities' inflation measures. In addition, positive
adjustments to principal generally will result in taxable income to a Portfolio
at the time of such adjustments (which generally would be distributed by the
Portfolio as part of its taxable dividends), even though the principal amount
is not paid until maturity. The current market value of inflation-protected
securities is not guaranteed and will fluctuate.
DERIVATIVE FINANCIAL INSTRUMENTS:
Summarized below are the specific types of derivative instruments used by
Portfolios.
3. FORWARD CURRENCY CONTRACTS: The International Fixed Income Portfolios
listed below may acquire and sell forward currency contracts to hedge against
adverse changes in the relationship of the U.S. dollar to foreign currencies
(foreign exchange rate risk). The decision to hedge a Portfolio's currency
exposure with respect to a foreign market will be based primarily on the
Portfolio's existing exposure to a given foreign currency. Each contract is
valued daily and the change in value is recorded by the Portfolio as an
unrealized gain or loss, which is presented in the Statement of Operations as
the change in unrealized appreciation or depreciation from translation of
foreign-currency-denominated amounts. When the contract is closed or offset
with the same counterparty, the Portfolio records a realized gain or loss equal
to the change in the value of the contract when it was opened and the value at
the time it was closed or offset. This is presented in the Statement of
Operations as a net realized gain or loss on foreign currency transactions.
Risks may arise upon entering into these contracts from the potential inability
of counterparties to meet the terms of their contracts and from unanticipated
movements in the value of foreign currency relative to the U.S. dollar.
4. SWAP AGREEMENTS: The International Fixed Income Portfolios noted below
may enter into inflation swap agreements to seek inflation protection.
Inflation swap agreements are contracts in which one party agrees to pay the
cumulative percentage increase in a price index (the Consumer Price Index with
respect to CPI swaps) over the term of the swap (with some lag on the inflation
index), and the other pays a compounded fixed rate. Inflation swap agreements
may be used by the International Fixed Income Portfolios to hedge the inflation
risk in nominal bonds (i.e. non-inflation indexed bonds) thereby creating
"synthetic" inflation-indexed bonds. Among other reasons, one factor that may
lead to changes in the values of inflation swap agreements are changes in real
interest rates. Real interest rates are tied to the relationship between
nominal interest rates and the rate of inflation. If nominal interest rates
increase at a faster rate than inflation, real interest rates may rise, which
may lead to a change in the value of an inflation swap agreement. Additionally,
payments received by the International Fixed Income Portfolios from inflation
swap agreements will result in taxable income, either as ordinary income or
capital gains, which will increase the amount of taxable distributions received
by shareholders.
The Advisor and the Fund do not believe that a Portfolio's obligations under
swap contracts are senior securities and, accordingly, the Portfolio will not
treat them as being subject to the Portfolio's borrowing or senior securities
restrictions. Most swap agreements entered into by the Portfolio will calculate
the obligations of the parties to the agreement on a "net" basis, which means
that the two payment streams are netted out, with the Portfolio receiving or
paying, as the case may be, only the net amount of the two payments. The
Portfolio's current obligations under a swap agreement will be accrued daily
(offset against any amounts owed to the Portfolio) and any accrued but unpaid
net amounts owed to a swap counterparty will be covered by the segregation of
assets determined to be liquid to avoid any potential leveraging of the
Portfolio's portfolio. To the extent that a Portfolio cannot dispose of a swap
in the ordinary course of business within seven days at approximately the value
at which the Portfolio has valued the swap, the Portfolio will treat the swap
as illiquid and subject to its overall limit on illiquid investments of 15% of
the Portfolio's net assets. Inflation swap agreements are not currently subject
to mandatory central clearing and exchange-trading.
235
Uncleared swaps are typically executed bilaterally with a swap dealer rather
than traded on exchanges. Parties to uncleared swaps face greater counterparty
credit risk than those engaging in cleared swaps since performance of uncleared
swap obligations is the responsibility only of the swap counterparty rather
than a clearing house, as is the case with cleared swaps. As a result, a
Portfolio bears the risk of loss of the amount expected to be received under a
swap agreement in the event of the default, insolvency or bankruptcy of a swap
agreement counterparty beyond any collateral received. In such an event, the
Portfolio will have contractual remedies pursuant to the swap agreements, but
bankruptcy and insolvency laws could affect the Portfolio's rights as a
creditor.
The average volume (based on the open positions at each fiscal month-end) of
derivative activity for the six months ended April 30, 2018 (amounts in
thousands):
FORWARD
CURRENCY SWAP
CONTRACTS CONTRACTS
--------- ---------
DFA Two-Year Global Fixed Income Portfolio........... 1,244,926 --
DFA Selectively Hedged Global Fixed Income Portfolio. 457,642 --
DFA Five-Year Global Fixed Income Portfolio.......... 7,255,754 --
DFA World ex U.S. Government Fixed Income Portfolio.. 1,054,076 --
DFA Short-Term Extended Quality Portfolio............ 961,406 --
DFA Targeted Credit Portfolio........................ 100,289 --
DFA Global Core Plus Fixed Income Portfolio.......... 128,509 --
DFA Investment Grade Portfolio....................... 177,208 --
DFA Short-Duration Real Return Portfolio............. 230,560 1,174,714
DFA Municipal Real Return Portfolio.................. -- 759,286
DFA California Municipal Real Return Portfolio....... -- 49,714
The following is a summary of the location of derivatives on the Portfolios'
Statements of Assets and Liabilities as of April 30, 2018:
LOCATION ON THE STATEMENTS OF ASSETS AND
LIABILITIES
---------------------------------------------------
DERIVATIVE TYPE ASSET DERIVATIVES LIABILITY DERIVATIVES
--------------- ------------------------ ------------------------
Forward currency Unrealized Gain on Unrealized Loss on
contracts Forward Currency Forward Currency
Contracts Contracts
Inflation swap contracts Unrealized Gain on Swap Unrealized Loss on Swap
Contracts Contracts
The following is a summary of the Portfolios' derivative instrument holdings
categorized by primary risk exposure as of April 30, 2018 (amounts in
thousands):
ASSET DERIVATIVES VALUE
----------------------------------
TOTAL VALUE FORWARD
AT CURRENCY SWAP
APRIL 30, 2018 CONTRACTS CONTRACTS
- -------------- --------- ---------
DFA Two-Year Global Fixed Income Portfolio........... $ 20,373 $ 20,373 --
DFA Selectively Hedged Global Fixed Income Portfolio. 9,592 9,592 --
DFA Five-Year Global Fixed Income Portfolio.......... 198,389 198,389 --
DFA World ex U.S. Government Fixed Income Portfolio.. 23,048 23,048 --
DFA Short-Term Extended Quality Portfolio............ 34,284 34,284 --
DFA Targeted Credit Portfolio........................ 1,766 1,766 --
DFA Global Core Plus Fixed Income Portfolio.......... 6,335 6,335 --
DFA Investment Grade Portfolio....................... 6,409 6,409 --
DFA Short-Duration Real Return Portfolio............. 20,269 4,385 $15,884
DFA Municipal Real Return Portfolio.................. 19,291 -- 19,291
DFA California Municipal Real Return Portfolio....... 864 -- 864
236
LIABILITY DERIVATIVES VALUE
- ---------------------------------
TOTAL VALUE FORWARD
AT CURRENCY SWAP
APRIL 30, 2018 CONTRACTS CONTRACTS
-------------- --------- ---------
DFA Two-Year Global Fixed Income Portfolio.......... $ (276) $ (276) --
DFA Five-Year Global Fixed Income Portfolio......... (2,236) (2,236) --
DFA World ex U.S. Government Fixed Income Portfolio. (241) (241) --
DFA Short-Term Extended Quality Portfolio........... (942) (942) --
DFA Global Core Plus Fixed Income Portfolio......... (2) (2) --
DFA Short-Duration Real Return Portfolio............ (1,129) -- $(1,129)
The following is a summary of the location on the Portfolios' Statements of
Operations of realized and change in unrealized gains and losses from the
Portfolios' derivative instrument holdings through the six months ended
April 30, 2018:
DERIVATIVE TYPE LOCATION OF GAIN (LOSS) ON DERIVATIVES
--------------- --------------------------------------
Forward Currency contracts Net Realized Gain (Loss) on: Forward
Currency Transactions Change in
Unrealized Appreciation
(Depreciation) of: Translation of
Foreign Currency Denominated Amounts
Inflation Swap contracts Net Realized Gain (Loss) on: Swap
Contracts Change in Unrealized
Appreciation (Depreciation) of:
Swap Contracts
The following is a summary of the realized and change in unrealized gains
and losses from the Portfolios' derivative instrument holdings categorized by
primary risk exposure for the six months ended April 30, 2018 (amounts in
thousands):
REALIZED GAIN (LOSS) ON
DERIVATIVES
-----------------------------
FORWARD
CURRENCY SWAP
TOTAL CONTRACTS CONTRACTS
-------- --------- ---------
DFA Two-Year Global Fixed Income Portfolio........... $ 10,272 $ 10,272 --
DFA Selectively Hedged Global Fixed Income Portfolio. (6,289) (6,289) --
DFA Five-Year Global Fixed Income Portfolio.......... (79,891) (79,891) --
DFA World ex U.S. Government Fixed Income Portfolio.. (29,817) (29,817) --
DFA Short-Term Extended Quality Portfolio............ (1,817) (1,817) --
DFA Targeted Credit Portfolio........................ (2,448) (2,448) --
DFA Global Core Plus Fixed Income Portfolio.......... 59 59 --
DFA Investment Grade Portfolio....................... (432) (432) --
DFA Short-Duration Real Return Portfolio............. 1,705 1,421 $284
DFA Municipal Real Return Portfolio.................. 23 -- 23
CHANGE IN UNREALIZED
APPRECIATION (DEPRECIATION) ON
DERIVATIVES
-----------------------------
FORWARD
CURRENCY SWAP
TOTAL CONTRACTS CONTRACTS
-------- --------- ---------
DFA Two-Year Global Fixed Income Portfolio........... $ (6,652) $ (6,652) --
DFA Selectively Hedged Global Fixed Income Portfolio. 12,169 12,169 --
DFA Five-Year Global Fixed Income Portfolio.......... 121,553 121,553 --
DFA World ex U.S. Government Fixed Income Portfolio.. 12,530 12,530 --
DFA Short-Term Extended Quality Portfolio............ 24,176 24,176 --
DFA Targeted Credit Portfolio........................ 910 910 --
237
CHANGE IN UNREALIZED
APPRECIATION (DEPRECIATION) ON
DERIVATIVES
------------------------------
FORWARD
CURRENCY SWAP
TOTAL CONTRACTS CONTRACTS
------- --------- ---------
DFA Global Core Plus Fixed Income Portfolio.... $ 6,333 $6,333 --
DFA Investment Grade Portfolio................. 4,183 4,183 --
DFA Short-Duration Real Return Portfolio....... 11,344 767 $10,577
DFA Municipal Real Return Portfolio............ 11,472 -- 11,472
DFA California Municipal Real Return Portfolio. 864 -- 864
OFFSETTING OF DERIVATIVE ASSETS AND DERIVATIVE LIABILITIES
In order to better define its contractual rights and to secure rights that
will help the Fund mitigate its counterparty risk, the Fund entered into an
International Swaps and Derivatives Association, Inc. Master Agreement (ISDA
Master Agreement) or a similar agreement with certain of its derivative
contract counterparties. An ISDA Master Agreement is a bilateral agreement
between the Fund and a counterparty that governs over-the-counter (OTC)
derivatives and forward currency contracts and typically contains, among other
things, provisions in the event of a default and/or termination event and may
also include collateral posting items. Under an ISDA Master Agreement, the Fund
may, under certain circumstances, offset with the counterparty certain
derivative financial instruments' payables and/or receivables with collateral
held and/or posted, if any, and create one single net payment. The provisions
of the ISDA Master Agreement typically permit a single net payment in the event
of a default (close-out), including the bankruptcy or insolvency of the
counterparty. However, bankruptcy or insolvency laws of a particular
jurisdiction may impose restrictions on or prohibitions against the right of
offset in bankruptcy, insolvency, or other events.
For financial reporting purposes, the Fund does not offset derivative assets
and derivative liabilities that are subject to netting arrangements in the
"Statement of assets and liabilities."
The Portfolios are subject to master netting agreements ("MNA") with certain
counterparties which govern the terms of derivative transactions and reduce the
counterparty risk associated with such transactions by specifying offsetting
mechanisms and collateral posting arrangements at pre-arranged exposure
levels. Since different types of transactions have different mechanics and are
sometimes traded out of different legal entities of a particular counterparty
organization, each type of transaction may be covered by a different MNA,
possibly resulting in the need for multiple agreements with a single
counterparty. As the MNA's are specific to unique operations of different asset
types, they allow each Portfolio to close out and net its total exposure to a
counterparty in the event of a default with respect to all the transactions
governed under a single MNA with a counterparty. Certain MNA's contain
provisions which allow for the net settlement of receivable and payable
positions with the same counterparty if defined conditions are met.
238
The following table presents the Portfolios' gross and net amount of assets
and liabilities available for offset under netting arrangements as well as any
related collateral received or pledged by the Portfolios as of April 30, 2018
(Amounts in thousands):
NET NET
AMOUNTS AMOUNTS
OF GROSS AMOUNTS NOT OF GROSS AMOUNTS NOT
ASSETS OFFSET IN THE LIABILITIES OFFSET IN THE
PRESENTED STATEMENTS OF ASSETS PRESENTED STATEMENTS OF ASSETS
GROSS IN THE AND LIABILITIES GROSS IN THE AND LIABILITIES
AMOUNTS OF STATEMENTS ---------------------- AMOUNTS OF STATEMENTS ----------------------
RECOGNIZED OF ASSETS FINANCIAL CASH NET RECOGNIZED OF ASSETS FINANCIAL CASH NET
ASSETS AND INSTRUMENTS COLLATERAL AMOUNT LIABILITIES AND INSTRUMENTS COLLATERAL AMOUNT
DESCRIPTION (A) LIABILITIES (B) RECEIVED (C) (A) LIABILITIES (D) PLEDGED (E)
----------- ---------- ----------- ----------- ---------- -------- ----------- ----------- ----------- ---------- ------
ASSETS LIABILITIES
------------------------------------------------------ -----------------------------------------------------
DFA TWO-YEAR
GLOBAL FIXED
INCOME PORTFOLIO
Bank of America
Corp.............. $ 1,533 $ 1,533 $ (12) -- $ 1,521 $ 12 $ 12 $ (12) -- --
Citibank, N.A...... 117 117 (117) -- -- 232 232 (117) -- $115
HSBC Bank.......... 3,384 3,384 -- -- 3,384 -- -- -- -- --
JP Morgan.......... 4,396 4,396 -- -- 4,396 -- -- -- -- --
Morgan Stanley..... 1,511 1,511 -- -- 1,511 -- -- -- -- --
State Street Bank
and Trust......... 6,771 6,771 -- -- 6,771 -- -- -- -- --
UBS AG............. 2,661 2,661 (32) -- 2,629 32 32 (32) -- --
-------- -------- ------- -- -------- ------ ------ ------- -- ----
$ 20,373 $ 20,373 $ (161) -- $ 20,212 $ 276 $ 276 $ (161) -- $115
======== ======== ======= == ======== ====== ====== ======= == ====
DFA SELECTIVELY
HEDGED GLOBAL
FIXED INCOME
PORTFOLIO
Bank of America
Corp.............. $ 15 $ 15 -- -- $ 15 -- -- -- -- --
Citibank, N.A...... 281 281 -- -- 281 -- -- -- -- --
State Street Bank
and Trust......... 9,296 9,296 -- -- 9,296 -- -- -- -- --
-------- -------- ------- -- -------- ------ ------ ------- -- ----
$ 9,592 $ 9,592 -- -- $ 9,592 -- -- -- -- --
======== ======== ======= == ======== ====== ====== ======= == ====
DFA FIVE-YEAR
GLOBAL FIXED
INCOME PORTFOLIO
ANZ Securities..... $ 3,518 $ 3,518 -- -- $ 3,518 -- -- -- -- --
Bank of America
Corp.............. 11,793 11,793 $ (650) -- 11,143 $ 650 $ 650 $ (650) -- --
Barclays Capital... 10,041 10,041 (17) -- 10,024 17 17 (17) -- --
Citibank, N.A...... 27,792 27,792 (755) -- 27,037 755 755 (755) -- --
HSBC Bank.......... 3,072 3,072 (241) -- 2,831 241 241 (241) -- --
JP Morgan.......... 23,933 23,933 (195) -- 23,738 195 195 (195) -- --
Morgan Stanley and
Co.
International..... 12,525 12,525 (35) -- 12,490 35 35 (35) -- --
National Australia
Bank Ltd.......... 6,658 6,658 -- -- 6,658 -- -- -- -- --
State Street Bank
and Trust......... 59,824 59,824 (319) -- 59,505 319 319 (319) -- --
UBS AG............. 39,233 39,233 (24) -- 39,209 24 24 (24) -- --
-------- -------- ------- -- -------- ------ ------ ------- -- ----
$198,389 $198,389 $(2,236) -- $196,153 $2,236 $2,236 $(2,236) -- --
======== ======== ======= == ======== ====== ====== ======= == ====
239
NET NET
AMOUNTS AMOUNTS
OF GROSS AMOUNTS NOT OF GROSS AMOUNTS NOT
ASSETS OFFSET IN THE LIABILITIES OFFSET IN THE
PRESENTED STATEMENTS OF ASSETS PRESENTED STATEMENTS OF ASSETS
GROSS IN THE AND LIABILITIES GROSS IN THE AND LIABILITIES
AMOUNTS OF STATEMENTS ---------------------- AMOUNTS OF STATEMENTS ----------------------
RECOGNIZED OF ASSETS FINANCIAL CASH NET RECOGNIZED OF ASSETS FINANCIAL CASH
ASSETS AND INSTRUMENTS COLLATERAL AMOUNT LIABILITIES AND INSTRUMENTS COLLATERAL
DESCRIPTION (A) LIABILITIES (B) RECEIVED (C) (A) LIABILITIES (D) PLEDGED
----------- ---------- ----------- ----------- ---------- ------- ----------- ----------- ----------- ----------
ASSETS LIABILITIES
----------------------------------------------------- ----------------------------------------------
DFA WORLD EX U.S.
GOVERNMENT FIXED
INCOME PORTFOLIO
Bank of America
Corp................. $ 124 $ 124 -- -- $ 124 -- -- -- --
Citibank, N.A......... 2,208 2,208 -- -- 2,208 -- -- -- --
JP Morgan............. 979 979 $(198) -- 781 $198 $198 $(198) --
State Street Bank and
Trust................ 12,219 12,219 -- -- 12,219 -- -- -- --
UBS AG................ 7,518 7,518 (43) -- 7,475 43 43 (43) --
------- ------- ----- -- ------- ---- ---- ----- --
$23,048 $23,048 $(241) -- $22,807 $241 $241 $(241) --
======= ======= ===== == ======= ==== ==== ===== ==
DFA SHORT-TERM
EXTENDED QUALITY
PORTFOLIO
Bank of America
Corp................. $ 3,486 $ 3,486 $(406) -- $ 3,080 $406 $406 $(406) --
Citibank N.A.......... -- -- -- -- -- 536 536 -- --
Citibank, N.A......... 8,578 8,578 -- -- 8,578 -- -- -- --
JP Morgan............. 9,991 9,991 -- -- 9,991 -- -- -- --
State Street Bank and
Trust................ 12,229 12,229 -- -- 12,229 -- -- -- --
------- ------- ----- -- ------- ---- ---- ----- --
$34,284 $34,284 $(406) -- $33,878 $942 $942 $(406) --
======= ======= ===== == ======= ==== ==== ===== ==
DFA TARGETED CREDIT
PORTFOLIO
Citibank, N.A......... $ 320 $ 320 -- -- $ 320 -- -- -- --
State Street Bank and
Trust................ 1,446 1,446 -- -- 1,446 -- -- -- --
------- ------- ----- -- ------- ---- ---- ----- --
$ 1,766 $ 1,766 -- -- $ 1,766 -- -- -- --
======= ======= ===== == ======= ==== ==== ===== ==
DFA GLOBAL CORE
PLUS FIXED INCOME
PORTFOLIO
Citibank, N.A......... $ 565 $ 565 $ (2) -- $ 563 $ 2 $ 2 $ (2) --
State Street Bank and
Trust................ 5,770 5,770 -- -- 5,770 -- -- -- --
------- ------- ----- -- ------- ---- ---- ----- --
$ 6,335 $ 6,335 $ (2) -- $ 6,333 $ 2 $ 2 $ (2) --
======= ======= ===== == ======= ==== ==== ===== ==
DFA INVESTMENT
GRADE PORTFOLIO
JP Morgan............. $ 438 $ 438 -- -- $ 438 -- -- -- --
State Street Bank and
Trust................ 5,971 5,971 -- -- 5,971 -- -- -- --
------- ------- ----- -- ------- ---- ---- ----- --
$ 6,409 $ 6,409 -- -- $ 6,409 -- -- -- --
======= ======= ===== == ======= ==== ==== ===== ==
NET
AMOUNT
DESCRIPTION (E)
----------- ------
-------
DFA WORLD EX U.S.
GOVERNMENT FIXED
INCOME PORTFOLIO
Bank of America
Corp................. --
Citibank, N.A......... --
JP Morgan............. --
State Street Bank and
Trust................ --
UBS AG................ --
----
--
====
DFA SHORT-TERM
EXTENDED QUALITY
PORTFOLIO
Bank of America
Corp................. --
Citibank N.A.......... $536
Citibank, N.A......... --
JP Morgan............. --
State Street Bank and
Trust................ --
----
$536
====
DFA TARGETED CREDIT
PORTFOLIO
Citibank, N.A......... --
State Street Bank and
Trust................ --
----
--
====
DFA GLOBAL CORE
PLUS FIXED INCOME
PORTFOLIO
Citibank, N.A......... --
State Street Bank and
Trust................ --
----
--
====
DFA INVESTMENT
GRADE PORTFOLIO
JP Morgan............. --
State Street Bank and
Trust................ --
----
--
====
240
NET NET
AMOUNTS AMOUNTS
OF GROSS AMOUNTS NOT OF GROSS AMOUNTS NOT
ASSETS OFFSET IN THE LIABILITIES OFFSET IN THE
PRESENTED STATEMENTS OF ASSETS PRESENTED STATEMENTS OF ASSETS
GROSS IN THE AND LIABILITIES GROSS IN THE AND LIABILITIES
AMOUNTS OF STATEMENTS ---------------------- AMOUNTS OF STATEMENTS ----------------------
RECOGNIZED OF ASSETS FINANCIAL CASH NET RECOGNIZED OF ASSETS FINANCIAL CASH NET
ASSETS AND INSTRUMENTS COLLATERAL AMOUNT LIABILITIES AND INSTRUMENTS COLLATERAL AMOUNT
DESCRIPTION (A) LIABILITIES (B) RECEIVED (C) (A) LIABILITIES (D) PLEDGED (E)
----------- ---------- ----------- ----------- ---------- -------- ----------- ----------- ----------- ---------- ------
ASSETS LIABILITIES
------------------------------------------------------ -----------------------------------------------------
DFA SHORT-DURATION
REAL RETURN
PORTFOLIO
Barclays Capital... $ 2,267 $ 2,267 -- -- $ 2,267 -- -- -- -- --
Citibank, N.A...... 7,776 7,776 -- -- 7,776 -- -- -- -- --
Bank of America
Corp.............. 4,069 4,069 $ (157) -- 3,912 $ 157 $ 157 $ (157) -- --
Credit Suisse...... 99 99 -- -- 99 -- -- -- -- --
Deutsche Bank
AG................ 1,161 1,161 -- -- 1,161 -- -- -- -- --
Deutsche Bank AG,
London Branch..... 4,897 4,897 (972) -- 3,925 972 972 (972) -- --
------- ------- ------- -- -------- ------ ------ ------- -- --
$20,269 $20,269 $(1,129) -- $(19,140) $1,129 $1,129 $(1,129) -- --
======= ======= ======= == ======== ====== ====== ======= == ==
DFA MUNICIPAL REAL
RETURN PORTFOLIO
Bank of America
Corp.............. $ 8,810 $ 8,810 -- -- $ 8,810 -- -- -- -- --
Citibank, N.A...... 10,481 10,481 -- -- 10,481 -- -- -- -- --
------- ------- ------- -- -------- ------ ------ ------- -- --
$19,291 $19,291 -- -- $ 19,291 -- -- -- -- --
======= ======= ======= == ======== ====== ====== ======= == ==
(a)No amounts have been netted against the gross amounts recognized in the
Statements of Assets and Liabilities.
(b)Represents the amount of assets that could be offset by liabilities with the
same counterparty under master netting or similar agreements that management
elects not to offset on the Statements of Assets and Liabilities.
(c)Represents the net amount due from counterparties in the event of default.
(d)Represents the amount of liabilities that could be offset by assets with the
same counterparty under master netting or similar agreements that management
elects not to offset on the Statements of Assets and Liabilities.
(e)Represents the net amount due to counterparties in the event of default.
Note I contains information regarding securities lending amounts that are
subject to netting arrangements.
H. LINE OF CREDIT AND INTERFUND LENDING PROGRAM:
The Fund, together with other Dimensional-advised portfolios, has entered
into a $500 million uncommitted, unsecured discretionary line of credit
effective March 28, 2018, with its domestic custodian bank. A line of credit
with similar terms was in effect through March 28, 2018. Each portfolio is
permitted to borrow, subject to its investment limitations, up to a maximum of
$500 million, as long as total borrowings under the line of credit do not
exceed $500 million in the aggregate. Borrowings under the line of credit are
charged interest at rates agreed upon by the parties at the time of borrowing.
Each portfolio is individually, and not jointly, liable for its particular
advances under the line of credit. There is no commitment fee on the unused
portion of the line of credit. The agreement for the discretionary line of
credit may be terminated by either party at any time. The agreement for the
line of credit expires on March 27, 2019.
The Fund, together with other Dimensional-advised portfolios, has also
entered into an additional $700 million unsecured line of credit with its
international custodian bank effective January 5, 2018. A line of credit with
similar terms was in effect through January 5, 2018. Each portfolio is
permitted to borrow, subject to its investment limitations, up to a maximum of
$500 million, as long as total borrowings under the line of credit do not
exceed $700 million in the aggregate. Each portfolio is individually, and not
jointly, liable for its particular advances under the line of credit.
Borrowings under the line of credit are charged interest at rates agreed upon
by the parties at the time of borrowing. There is no commitment fee on the
unused portion of the line of credit. The line of credit agreement expires on
January 4, 2019.
241
The Portfolios did not utilize the lines of credit during the six months
ended April 30, 2018.
Pursuant to an exemptive order issued by the SEC (the "Order"), the
Portfolios may participate in an interfund lending program among certain
portfolios managed by the Advisor. The program allows the participating
portfolios to borrow money from and loan money to each other for temporary or
emergency purposes, subject to the conditions in the Order. A loan can only be
made through the program if the interfund loan rate on that day is more
favorable to both the borrowing and lending portfolios as compared to rates
available through short-term bank loans or investments in overnight repurchase
agreements and money market funds, respectively, as detailed in the Order.
Further, a portfolio may participate in the program only if and to the extent
that such participation is consistent with its investment objectives and
limitations. Interfund loans have a maximum duration of seven days and may be
called on one business day's notice.
The Portfolios did not utilize the interfund lending program during the six
months ended April 30, 2018.
I. SECURITIES LENDING:
As of April 30, 2018, some of the Portfolios had securities on loan to
brokers/dealers, for which each such Portfolio received cash collateral. The
non-cash collateral includes short and/or long term U.S. Treasuries and U.S.
government agency securities as follows (amount in thousands):
MARKET
VALUE
------
DFA One-Year Fixed Income Portfolio. $3,676
Each Portfolio with securities on loan invests the cash collateral, as
described below, and records a liability for the return of the collateral,
during the period the securities are on loan. Loans of securities are expected
at all times to be secured by collateral in an amount (i) equal to at least
100% of the current market value of the loaned securities with respect to
securities of the U.S. government or its agencies, (ii) generally equal to 102%
of the current market value of the loaned securities with respect to U.S.
securities, and (iii) generally equal to 105% of the current market value of
the loaned securities with respect to foreign securities. However, daily market
fluctuations could cause the Portfolios' collateral to be lower or higher than
the expected thresholds. If this were to occur, the collateral would be
adjusted the next business day to ensure adequate collateralization. In the
event of default or bankruptcy by the other party to the agreement, realization
and/or retention of the collateral may be subject to legal proceedings. If the
borrower fails to return loaned securities, and cash collateral being
maintained by the borrower is insufficient to cover the value of loaned
securities and provided such collateral insufficiency is not the result of
investment losses, the lending agent has agreed to pay the amount of the
shortfall to the Portfolio or, at the option of the lending agent, to replace
the securities. In the event of the bankruptcy of the borrower, a Portfolio
could experience delay in recovering the loaned securities or only recover cash
or a security of equivalent value.
Subject to their stated investment policies, the Portfolios with securities
on loan will generally invest the cash collateral received for the loaned
securities in the Money Market Series, an affiliated registered money market
fund advised by the Advisor for which the Advisor receives a management fee of
0.05% of the average daily net assets of the Money Market Series. Income
received from the Money Market Series is netted with fees for securities
lending and collateral investment expenses, and other payments to and from
borrowers of securities. Such Portfolios also may invest the cash collateral
received for the loaned securities in securities of the U.S. government or its
agencies, repurchase agreements collateralized by securities of the U.S.
government or its agencies, and affiliated and unaffiliated registered and
unregistered money market funds. For purposes of this paragraph, agencies
include both agency debentures and agency mortgage-backed securities. In
addition, each Portfolio with securities on loan will be able to terminate the
loan at any time and will receive reasonable interest on the loan, as well as
amounts equal to any dividends, interest or other distributions on the loaned
securities. However, dividend income received from loaned securities may not be
eligible to be taxed at qualified dividend income rates.
242
The following table reflects a breakdown of transactions accounted for as
secured borrowings, the gross obligation by the type of collateral pledged, and
the remaining contractual maturity of those transactions as of April 30, 2018:
REMAINING CONTRACTUAL MATURITY OF THE AGREEMENTS
AS OF APRIL 30, 2018
---------------------------------------------------------
OVERNIGHT AND BETWEEN
CONTINUOUS <30 DAYS 30 & 90 DAYS >90 DAYS TOTAL
- ------------- -------- ------------ -------- ------------
SECURITIES LENDING TRANSACTIONS
DFA ONE-YEAR FIXED INCOME PORTFOLIO
Agency Obligations, Bonds, U.S. Treasury Obligations. $378,846,334 -- -- -- $378,846,334
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO
Agency Obligations, Bonds............................ 170,005,749 -- -- -- 170,005,749
DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO
Bonds................................................ 21,907,864 -- -- -- 21,907,864
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO
Bonds................................................ 57,311,297 -- -- -- 57,311,297
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
Agency Obligations, Bonds............................ 169,716,042 -- -- -- 169,716,042
DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO
Bonds................................................ 174,250,875 -- -- -- 174,250,875
DFA TARGETED CREDIT PORTFOLIO
Bonds................................................ 46,416,474 -- -- -- 46,416,474
DFA INVESTMENT GRADE PORTFOLIO
Agency Obligations, Bonds, U.S. Treasury Obligations. 379,422,475 -- -- -- 379,422,475
DFA SHORT-DURATION REAL RETURN PORTFOLIO
Agency Obligations, Bonds............................ 91,880,608 -- -- -- 91,880,608
J. INDEMNITEES; CONTRACTUAL OBLIGATIONS:
Under the Fund's organizational documents, its officers and directors are
indemnified against certain liabilities arising out of the performance of their
duties to the Fund.
In the normal course of business, the Fund enters into contracts that
contain a variety of representations and warranties that provide general
indemnification. The Fund's maximum exposure under these arrangements is
unknown as this would involve future claims that may be made against the Fund
and/or its affiliates that have not yet occurred. However, based on experience,
the Fund expects the risk of loss to be remote.
K. RECENTLY ISSUED ACCOUNTING STANDARDS:
In March 2017, the Financial Accounting Standards Board (FASB) issued
Accounting Standards Update (ASU) 2017-08 which changes the amortization period
for a callable debt security from the maturity date to the earliest call date.
The ASU is effective for annual periods beginning after December 15, 2018, and
interim periods within those annual periods. At this time, management is
evaluating the implications of these changes on the financial
statements.
L. OTHER:
At April 30, 2018, the following number of shareholders held the following
approximate percentages of the stated Portfolios' outstanding shares. One or
more of the shareholders may be omnibus accounts, which typically hold shares
for the benefit of several other underlying investors.
APPROXIMATE
PERCENTAGE
NUMBER OF OF OUTSTANDING
SHAREHOLDERS SHARES
------------ --------------
DFA One-Year Fixed Income Portfolio.................. 5 74%
DFA Two-Year Global Fixed Income Portfolio........... 4 80%
DFA Selectively Hedged Global Fixed Income Portfolio. 3 84%
DFA Five-Year Global Fixed Income Portfolio.......... 3 77%
243
APPROXIMATE
PERCENTAGE
NUMBER OF OF OUTSTANDING
SHAREHOLDERS SHARES
------------ --------------
DFA World ex U.S. Government Fixed Income Portfolio....... 4 74%
DFA Short-Term Government Portfolio....................... 4 80%
DFA Intermediate Government Fixed Income Portfolio........ 4 84%
DFA Short-Term Extended Quality Portfolio................. 4 76%
DFA Intermediate-Term Extended Quality Portfolio.......... 6 84%
DFA Targeted Credit Portfolio............................. 3 84%
DFA Global Core Plus Fixed Income Portfolio............... 3 96%
DFA Investment Grade Portfolio............................ 4 87%
DFA Diversified Fixed Income Portfolio.................... 3 100%
DFA LTIP Portfolio........................................ 6 89%
DFA Inflation-Protected Securities Portfolio.............. 3 48%
DFA Short-Duration Real Return Portfolio.................. 3 82%
DFA Municipal Real Return Portfolio....................... 3 93%
DFA California Municipal Real Return Portfolio............ 3 98%
DFA Municipal Bond Portfolio.............................. 4 95%
DFA Short-Term Municipal Bond Portfolio................... 4 90%
DFA Intermediate-Term Municipal Bond Portfolio............ 4 85%
DFA California Short-Term Municipal Bond Portfolio........ 3 95%
DFA California Intermediate-Term Municipal Bond Portfolio. 4 96%
DFA NY Municipal Bond Portfolio........................... 3 91%
DFA MN Municipal Bond Portfolio........................... 1 96%
The Portfolios are subject to claims and suits that arise from time to time
in the ordinary course of business (for example, in The Tribune Company
Bankruptcy, certain creditors have filled actions against all shareholders of
The Tribune Company who tendered shared when the Tribune Company went private
in 2007 in a leveraged buy-out transaction, seeking the return of proceeds
received by the shareholders). Although management currently believes that
resolving claims against us, individually or in aggregate, will not have a
material adverse impact on our financial position, or results of operations, or
our cash flows, these matters are subject to inherent uncertainties and
management's view of these matters may change in the future.
M. SUBSEQUENT EVENT EVALUATIONS:
Management has evaluated the impact of all subsequent events on the
Portfolios through the date that the financial statements were issued and has
determined that there are no subsequent events requiring recognition or
disclosure in the financial statements.
244
NOTIFICATION OF SOURCE OF DISTRIBUTIONS PURSUANT TO
RULE 19A-1 UNDER THE INVESTMENT COMPANY ACT OF 1940
As noted in the table provided below, the following Portfolios paid
distributions to shareholders of record, a portion of which is estimated to be
in excess of a Portfolio's current and accumulated undistributed net income.
Please note that this information is being provided to satisfy certain notice
requirements under the Investment Company Act of 1940 and is not being provided
for tax reporting purposes. Tax reporting information for the shareholders of a
Portfolio will not be available until the end of a Portfolio's fiscal year. As
a result, shareholders should not use the information provided in this notice
for tax reporting purposes.
ESTIMATED % BREAKDOWN OF DISTRIBUTION SOURCES
- --------------------------------------------
NET INCOME FOR ACCUMULATED
THE CURRENT OR UNDISTRIBUTED
PRECEDING NET PROFITS PAID-IN
FISCAL YEAR, FROM THE SALE SURPLUS
AND ACCUMULATED OF SECURITIES OR OTHER
UNDISTRIBUTED NET OR OTHER CAPITAL
PORTFOLIO NAME INCOME PROPERTIES SOURCE
-------------- ----------------- ------------- --------
DFA One-Year Fixed Income Portfolio
December 14, 2017......................... 54% 0% 46%
DFA Two-Year Global Fixed Income Portfolio
December 14, 2017......................... 37% 0% 63%
DFA Selectively Hedged Global Fixed Income Portfolio
December 14, 2017......................... 76% 0% 24%
DFA Five-Year Global Fixed Income Portfolio
December 14, 2017......................... 43% 0% 57%
DFA World ex U.S. Government Fixed Income Portfolio
December 14, 2017......................... 0% 0% 100%
DFA Short-Term Government Portfolio
December 14, 2017......................... 81% 0% 19%
DFA Intermediate Government Fixed Income Portfolio
December 14, 2017......................... 82% 0% 18%
DFA Short-Term Extended Quality Portfolio
December 14, 2017......................... 45% 0% 55%
DFA Intermediate-Term Extended Quality Portfolio
December 14, 2017......................... 59% 0% 41%
DFA Targeted Credit Portfolio
December 14, 2017......................... 50% 0% 50%
DFA Investment Grade Portfolio
December 15, 2017......................... 84% 0% 16%
DFA Diversified Fixed Income Portfolio
December 15, 2017......................... 87% 0% 13%
DFA LTIP Portfolio
December 14, 2017......................... 60% 0% 40%
DFA Inflation Protected Securities Portfolio
December 14, 2017......................... 59% 0% 41%
DFA Short-Duration Real Return Portfolio
December 15, 2017......................... 77% 0% 23%
The ultimate composition of these distributions may vary from the estimates
provided above due to a variety of factors including future income and
expenses, and realized gains and losses from the purchase and sale of
securities.
245
DIMENSIONAL INVESTMENT GROUP INC.
DISCLOSURE OF FUND EXPENSES
(UNAUDITED)
The following Expense Tables are shown so that you can understand the impact
of fees on your investment. All mutual funds have operating expenses. As a
shareholder of the fund, you incur ongoing costs, which include costs for
portfolio management, administrative services, and shareholder reports, among
others. Operating expenses, legal and audit services, which are deducted from a
fund's gross income, directly reduce the investment return of the fund. A
fund's expenses are expressed as a percentage of its average net assets. This
figure is known as the expense ratio. The following examples are intended to
help you understand the ongoing costs, in dollars, of investing in the fund and
to compare these costs with those of other mutual funds. The examples are based
on an investment of $1,000 made at the beginning of the period shown and held
for the entire period.
The Expense Tables below illustrate your fund's costs in two ways.
ACTUAL FUND RETURN
This section helps you to estimate the actual expenses after fee waivers
that you paid over the period. The "Ending Account Value" shown is derived
from the fund's actual return and "Expenses Paid During Period" reflect
the dollar amount that would have been paid by an investor who started
with $1,000 in the fund. You may use the information here, together with
the amount you invested, to estimate the expenses that you paid over the
period.
To do so, simply divide your account value by $1,000 (for example, a
$7,500 account value divided by $1,000 = 7.5), then multiply the result by
the number given for your fund under the heading "Expenses Paid During
Period."
HYPOTHETICAL EXAMPLE FOR COMPARISON PURPOSES
This section is intended to help you compare your fund's costs with those
of other mutual funds. The hypothetical "Ending Account Value" and
"Expenses Paid During Period" are derived from the fund's actual expense
ratio and an assumed 5% annual return before expenses. In this case,
because the return used is not the fund's actual return, the results do
not apply to your investment. The example is useful in making comparisons
because the SEC requires all mutual funds to calculate expenses based on a
5% annual return. You can assess your fund's costs by comparing this
hypothetical example with the hypothetical examples that appear in
shareholder reports of other funds.
Please note that the expenses shown in the tables are meant to highlight and
help you compare ongoing costs only and do not reflect any transactional costs,
if applicable. The "Annualized Expense Ratio" represents the actual expenses
for the six-month period indicated.
SIX MONTHS ENDED APRIL 30, 2018
EXPENSE TABLES
BEGINNING ENDING EXPENSES
ACCOUNT ACCOUNT ANNUALIZED PAID
VALUE VALUE EXPENSE DURING
11/01/17 04/30/18 RATIO* PERIOD*
--------- --------- ---------- --------
DFA TWO-YEAR FIXED INCOME PORTFOLIO
-----------------------------------
Actual Fund Return.................. $1,000.00 $ 998.80 0.21% $1.04
Hypothetical 5% Annual Return....... $1,000.00 $1,023.75 0.21% $1.05
DFA TWO-YEAR GOVERNMENT PORTFOLIO
---------------------------------
Actual Fund Return.................. $1,000.00 $ 998.40 0.20% $0.99
Hypothetical 5% Annual Return....... $1,000.00 $1,023.80 0.20% $1.00
----------
* Expenses are equal to the fund's annualized expense ratio for the six-month
period, multiplied by the average account value over the period, multiplied
by the number of days in the most recent six-month period (181), then divided
by the number of days in the year (365) to reflect the six-month period.
246
DIMENSIONAL INVESTMENT GROUP INC.
DISCLOSURE OF PORTFOLIO HOLDINGS
(UNAUDITED)
The SEC requires that all funds file a complete Schedule of Investments with
the SEC for their first and third fiscal quarters on Form N-Q. For Dimensional
Investment Group Inc., this would be for the fiscal quarters ending January 31
and July 31. The Form N-Q filing must be made within 60 days of the end of the
quarter. Dimensional Investment Group Inc. filed its most recent Form N-Q with
the SEC on March 29, 2018. They are available upon request, without charge, by
calling collect: (512) 306-7400 or by mailing a request to Dimensional Fund
Advisors LP, 6300 Bee Cave Road, Building One, Austin, Texas 78746, or by
visiting the SEC's website at http://www.sec.gov, or they may be reviewed and
copied at the SEC's Public Reference Room in Washington, D.C. (call
1-800-732-0330 for information on the operation of the Public Reference Room).
PORTFOLIO HOLDINGS
The SEC requires that all funds present their categories of portfolio
holdings in a table, chart or graph format in their annual and semi-annual
shareholder reports, whether or not a Schedule of Investments is utilized. The
following table, which presents portfolio holdings as a percent of total
investments before short-term investments and collateral for loaned securities,
is provided in compliance with such requirement. The categories shown below
represent broad industry sectors. Each industry sector consists of one or more
specific industry classifications.
FIXED INCOME PORTFOLIOS
DFA TWO-YEAR FIXED INCOME PORTFOLIO
Corporate.................................... 21.3%
Government................................... 7.2%
Foreign Corporate............................ 27.2%
Foreign Government........................... 33.7%
Supranational................................ 10.6%
-----
100.0%
DFA TWO-YEAR GOVERNMENT PORTFOLIO
Government................................... 100.0%
-----
100.0%
247
DFA TWO-YEAR FIXED INCOME PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
------ ------
(000)
AGENCY OBLIGATIONS -- (3.2%)
Federal Home Loan Bank
2.125%, 02/11/20............................. 250 $ 248,286
1.875%, 03/13/20............................. 250 247,044
4.125%, 03/13/20............................. 600 616,944
2.375%, 03/30/20............................. 450 448,629
Federal Home Loan Mortgage Corp.
1.250%, 10/02/19............................. 250 245,851
Federal National Mortgage Association
1.000%, 10/24/19............................. 1,000 978,799
----------
TOTAL AGENCY OBLIGATIONS......................... 2,785,553
----------
BONDS -- (90.9%)
African Development Bank
1.125%, 09/20/19............................. 500 490,230
1.375%, 02/12/20............................. 750 733,682
1.875%, 03/16/20............................. 1,250 1,232,283
Agence Francaise de Developpement
1.375%, 08/02/19............................. 600 590,359
1.625%, 01/21/20............................. 1,734 1,699,629
Alberta, Province of Canada
1.900%, 12/06/19............................. 2,000 1,973,938
ANZ New Zealand International Ltd.
2.600%, 09/23/19............................. 700 696,005
Apple, Inc.
1.500%, 09/12/19............................. 1,150 1,133,537
1.900%, 02/07/20............................. 1,054 1,040,793
Australia & New Zealand Banking Group, Ltd.
2.250%, 06/13/19............................. 500 497,520
1.600%, 07/15/19............................. 750 738,407
## 2.250%, 12/19/19............................. 400 396,637
Bank Nederlandse Gemeenten NV
1.625%, 11/25/19............................. 250 245,940
## 2.500%, 02/28/20............................. 1,850 1,841,523
2.500%, 02/28/20............................. 200 199,084
Berkshire Hathaway, Inc.
2.100%, 08/14/19............................. 469 466,842
Caisse d'Amortissement de la Dette Sociale
1.750%, 09/24/19............................. 1,000 987,888
Chevron Corp.
1.991%, 03/03/20............................. 1,000 986,969
Cisco Systems, Inc.
2.125%, 03/01/19............................. 1,600 1,596,390
4.450%, 01/15/20............................. 250 257,140
Commonwealth Bank of Australia
2.500%, 09/20/18............................. 250 250,149
1.750%, 11/02/18............................. 625 622,210
2.250%, 03/13/19............................. 476 474,452
Cooperatieve Rabobank UA
2.250%, 01/14/19............................. 1,450 1,446,654
## 4.750%, 01/15/20............................. 500 514,028
FACE
AMOUNT VALUE+
------ ------
(000)
Council Of Europe Development Bank
1.750%, 11/14/19............................. 500 $ 493,785
1.875%, 01/27/20............................. 750 740,302
1.625%, 03/10/20............................. 381 373,929
Dexia Credit Local SA
2.250%, 01/30/19............................. 600 598,497
Erste Abwicklungsanstalt
1.625%, 02/21/19............................. 1,600 1,588,950
European Bank for Reconstruction & Development
1.750%, 11/26/19............................. 748 738,620
European Investment Bank
1.125%, 08/15/19............................. 500 491,278
1.625%, 03/16/20............................. 819 803,947
Export Development Canada
1.750%, 08/19/19............................. 750 742,455
## 2.300%, 02/10/20............................. 1,000 993,855
FMS Wertmanagement
1.000%, 08/16/19............................. 1,200 1,176,684
General Electric Co.
6.000%, 08/07/19............................. 1,000 1,038,001
Inter-American Development Bank
1.125%, 09/12/19............................. 543 532,990
International Bank for Reconstruction &
Development
0.875%, 08/15/19............................. 650 636,786
1.875%, 10/07/19............................. 1,700 1,684,562
Kommunekredit
1.125%, 08/23/19............................. 1,000 981,136
1.750%, 01/10/20............................. 500 492,720
Kommuninvest I Sverige AB
1.125%, 09/17/19............................. 600 587,919
2.000%, 11/12/19............................. 250 247,642
1.750%, 03/19/20............................. 500 491,368
Kreditanstalt fuer Wiederaufbau
1.500%, 09/09/19............................. 1,350 1,331,298
1.250%, 09/30/19............................. 750 735,992
4.000%, 01/27/20............................. 250 255,744
Manitoba, Province of Canada
1.750%, 05/30/19............................. 2,200 2,179,958
Merck & Co., Inc.
1.850%, 02/10/20............................. 1,489 1,467,411
Municipality Finance P.L.C.
1.500%, 03/23/20............................. 968 946,619
National Australia Bank, Ltd.
2.250%, 07/01/19............................. 1,250 1,241,679
2.250%, 01/10/20............................. 500 493,240
Nederlandse Waterschapsbank NV
## 1.750%, 09/05/19............................. 200 197,641
## 1.250%, 09/09/19............................. 450 441,858
1.625%, 03/04/20............................. 500 490,200
Nestle Holdings, Inc.
2.125%, 01/14/20............................. 500 494,148
Nordea Bank AB
## 1.625%, 09/30/19............................. 500 490,502
248
DFA TWO-YEAR FIXED INCOME PORTFOLIO
CONTINUED
FACE
AMOUNT VALUE+
------ ------
(000)
Novartis Capital Corp.
1.800%, 02/14/20............................. 2,335 $2,296,120
NRW Bank
1.250%, 07/29/19............................. 250 245,763
Ontario, Province of Canada
4.400%, 04/14/20............................. 1,850 1,906,386
Oracle Corp.
2.375%, 01/15/19............................. 275 275,260
2.250%, 10/08/19............................. 1,250 1,244,219
Pfizer, Inc.
2.100%, 05/15/19............................. 876 871,953
Procter & Gamble Co. (The)
1.750%, 10/25/19............................. 500 494,321
Province of Ontario Canada
1.650%, 09/27/19............................. 500 493,130
Royal Bank of Canada
2.150%, 03/15/19............................. 1,420 1,414,537
1.625%, 04/15/19............................. 842 833,970
Shell International Finance BV
1.375%, 09/12/19............................. 200 196,453
4.300%, 09/22/19............................. 500 511,580
4.375%, 03/25/20............................. 1,446 1,487,768
State of North Rhine-Westphalia Germany
1.875%, 06/17/19............................. 400 396,807
1.250%, 09/16/19............................. 200 196,193
1.625%, 01/22/20............................. 1,500 1,471,651
Statoil ASA
2.250%, 11/08/19............................. 2,463 2,441,499
Svensk Exportkredit AB
1.250%, 04/12/19............................. 1,150 1,137,064
1.875%, 06/17/19............................. 1,200 1,190,796
Svenska Handelsbanken AB
2.500%, 01/25/19............................. 2,116 2,113,672
Toronto-Dominion Bank (The)
2.125%, 07/02/19............................. 1,250 1,242,006
1.900%, 10/24/19............................. 1,000 986,150
FACE
AMOUNT VALUE+
------ ------
(000)
Total Capital International SA
2.100%, 06/19/19............................. 950 $ 944,435
Toyota Motor Credit Corp.
2.100%, 01/17/19............................. 750 748,440
1.700%, 02/19/19............................. 500 496,942
1.400%, 05/20/19............................. 198 195,735
2.200%, 01/10/20............................. 948 938,117
Walmart Inc
1.750%, 10/09/19............................. 2,000 1,980,155
Westpac Banking Corp.
2.250%, 01/17/19............................. 2,334 2,329,681
-----------
TOTAL BONDS........................................ 78,394,808
-----------
U.S. TREASURY OBLIGATIONS -- (3.9%)
U.S. Treasury Notes
1.250%, 01/31/20............................. 1,000 979,414
1.250%, 02/29/20............................. 1,100 1,075,809
1.375%, 03/31/20............................. 200 195,859
1.500%, 04/15/20............................. 1,100 1,079,031
-----------
TOTAL U.S. TREASURY OBLIGATIONS.................... 3,330,113
-----------
TOTAL INVESTMENT SECURITIES........................ 84,510,474
-----------
SHARES
------
TEMPORARY CASH INVESTMENTS -- (2.0%)
State Street Institutional U.S. Government
Money Market Fund, 1.630%................... 1,701,280 1,701,280
-----------
TEMPORARY CASH INVESTMENTS -- (0.0%)
(S)@ DFA Short Term Investment Fund............... 17 202
-----------
TOTAL INVESTMENTS -- (100.0%)
(Cost $86,782,594)............................... $86,211,956
===========
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
---------- ----------- ------- -----------
Agency Obligations................. -- $ 2,785,553 -- $ 2,785,553
Bonds.............................. -- 78,394,808 -- 78,394,808
U.S. Treasury Obligations.......... -- 3,330,113 -- 3,330,113
Temporary Cash Investments......... $1,701,280 -- -- 1,701,280
Temporary Cash Investments......... -- 202 -- 202
---------- ----------- -- -----------
TOTAL.............................. $1,701,280 $84,510,676 -- $86,211,956
========== =========== == ===========
See accompanying Notes to Financial Statements.
249
DFA TWO-YEAR GOVERNMENT PORTFOLIO
SCHEDULE OF INVESTMENTS
APRIL 30, 2018
(UNAUDITED)
FACE
AMOUNT VALUE+
------- ------------
(000)
U.S. TREASURY OBLIGATIONS -- (53.3%)
U.S. Treasury Notes
1.875%, 12/31/19........................................... 450 $ 445,816
1.250%, 01/31/20........................................... 14,000 13,711,797
1.375%, 02/15/20........................................... 10,250 10,053,008
1.250%, 02/29/20........................................... 14,900 14,572,316
1.625%, 03/15/20........................................... 5,000 4,922,070
1.375%, 03/31/20........................................... 5,000 4,896,485
1.500%, 04/15/20........................................... 12,100 11,869,344
------------
TOTAL U.S. TREASURY OBLIGATIONS............................. 60,470,836
------------
AGENCY OBLIGATIONS -- (46.3%)
Federal Home Loan Bank
1.500%, 10/21/19........................................... 650 641,040
1.375%, 11/15/19........................................... 2,500 2,460,875
2.375%, 12/13/19........................................... 2,500 2,494,300
2.125%, 02/11/20........................................... 8,350 8,292,744
1.875%, 03/13/20........................................... 10,000 9,881,760
4.125%, 03/13/20........................................... 14,250 14,652,420
2.375%, 03/30/20........................................... 14,200 14,156,747
------------
TOTAL AGENCY OBLIGATIONS.................................... 52,579,886
------------
TOTAL INVESTMENT SECURITIES................................. 113,050,722
------------
SHARES
-------
TEMPORARY CASH INVESTMENTS -- (0.4%)
State Street Institutional U.S. Government Money Market
Fund, 1.630%............................................... 397,090 397,090
------------
TOTAL INVESTMENTS -- (100.0%) (Cost $113,771,651)........... $113,447,812
============
Summary of the Portfolio's investments as of April 30, 2018, based on their
valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE)
------------------------------------------
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL
-------- ------------ ------- ------------
U.S. Treasury Obligations.......... -- $ 60,470,836 -- $ 60,470,836
Agency Obligations................. -- 52,579,886 -- 52,579,886
Temporary Cash Investments......... $397,090 -- -- 397,090
-------- ------------ -- ------------
TOTAL.............................. $397,090 $113,050,722 -- $113,447,812
======== ============ == ============
See accompanying Notes to Financial Statements.
250
DIMENSIONAL INVESTMENT GROUP INC.
STATEMENTS OF ASSETS AND LIABILITIES
APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA TWO-YEAR DFA TWO-YEAR
FIXED INCOME GOVERNMENT
PORTFOLIO PORTFOLIO
------------ ------------
ASSETS:
Investments at Value................................................................... $ 84,510 $ 113,051
Temporary Cash Investments at Value & Cost............................................. 1,701 397
Receivables:
Interest............................................................................. 392 356
Fund Shares Sold..................................................................... 4,057 20
Prepaid Expenses and Other Assets...................................................... 16 22
------------ ------------
Total Assets...................................................................... 90,676 113,846
------------ ------------
LIABILITIES:
Payables:
Investment Securities Purchased...................................................... 1,246 --
Fund Shares Redeemed................................................................. 110 6
Due to Advisor....................................................................... 10 14
Accrued Expenses and Other Liabilities................................................. 16 20
------------ ------------
Total Liabilities................................................................. 1,382 40
------------ ------------
NET ASSETS............................................................................. $ 89,294 $ 113,806
============ ============
Institutional Class Shares -- based on net assets of $89,294 and $113,806 and shares
outstanding of 9,015,816 and 11,684,272, respectively................................. $ 9.90 $ 9.74
============ ============
NUMBER OF SHARES AUTHORIZED............................................................ 300,000,000 300,000,000
============ ============
Investments at Cost.................................................................... $ 85,081 $ 113,375
============ ============
NET ASSETS CONSIST OF:
Paid-In Capital........................................................................ $ 90,053 $ 115,413
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income). 178 255
Accumulated Net Realized Gain (Loss)................................................... (366) (1,538)
Net Unrealized Appreciation (Depreciation)............................................. (571) (324)
------------ ------------
NET ASSETS............................................................................. $ 89,294 $ 113,806
============ ============
See accompanying Notes to Financial Statements.
251
DIMENSIONAL INVESTMENT GROUP INC.
STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED APRIL 30, 2018
(UNAUDITED)
(AMOUNTS IN THOUSANDS)
DFA TWO- DFA TWO-
YEAR FIXED YEAR
INCOME GOVERNMENT
PORTFOLIO PORTFOLIO
---------- ----------
INVESTMENT INCOME
Interest...................................................... $ 728 $ 869
----- -----
Total Investment Income.................................... 728 869
----- -----
EXPENSES
Investment Management Fees.................................... 61 83
Accounting & Transfer Agent Fees.............................. 4 4
Custodian Fees................................................ 2 1
Filing Fees................................................... 10 12
Shareholders' Reports......................................... 5 7
Professional Fees............................................. 2 3
Other......................................................... 1 2
----- -----
Total Expenses............................................. 85 112
----- -----
NET INVESTMENT INCOME (LOSS).................................. 643 757
----- -----
REALIZED AND UNREALIZED GAIN (LOSS)
Net Realized Gain (Loss) on:
Investment Securities Sold**................................ (229) (987)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities....................................... (439) (5)
----- -----
NET REALIZED AND UNREALIZED GAIN (LOSS)....................... (668) (992)
----- -----
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS. $ (25) $(235)
===== =====
----------
**Net of foreign capital gain taxes withheld of $0 and $0, respectively.
See accompanying Notes to Financial Statements.
252
DIMENSIONAL INVESTMENT GROUP INC.
STATEMENTS OF CHANGES IN NET ASSETS
(AMOUNTS IN THOUSANDS)
DFA TWO-YEAR FIXED DFA TWO-YEAR GOVERNMENT
INCOME PORTFOLIO PORTFOLIO
-------------------- ----------------------
SIX MONTHS YEAR SIX MONTHS YEAR
ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, APRIL 30, OCT. 31,
2018 2017 2018 2017
----------- -------- ----------- --------
(UNAUDITED) (UNAUDITED)
INCREASE (DECREASE) IN NET ASSETS
Operations:
Net Investment Income (Loss).................................. $ 643 $ 912 $ 757 $ 1,042
Net Realized Gain (Loss) on:
Investment Securities Sold*................................. (229) (120) (987) (283)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities....................................... (439) (123) (5) (476)
------- -------- -------- --------
Net Increase (Decrease) in Net Assets Resulting from
Operations................................................ (25) 669 (235) 283
------- -------- -------- --------
Distributions From:
Net Investment Income:
Institutional Class Shares.................................. (567) (895) (619) (1,008)
------- -------- -------- --------
Total Distributions........................................ (567) (895) (619) (1,008)
------- -------- -------- --------
Capital Share Transactions (1):
Shares Issued................................................. 15,693 7,220 13,656 15,655
Shares Issued in Lieu of Cash Distributions................... 567 895 619 1,008
Shares Redeemed............................................... (5,189) (10,242) (12,549) (18,503)
------- -------- -------- --------
Net Increase (Decrease) from Capital Share Transactions.... 11,071 (2,127) 1,726 (1,840)
------- -------- -------- --------
Total Increase (Decrease) in Net Assets.................... 10,479 (2,353) 872 (2,565)
NET ASSETS
Beginning of Period........................................... 78,815 81,168 112,934 115,499
------- -------- -------- --------
End of Period................................................. $89,294 $ 78,815 $113,806 $112,934
======= ======== ======== ========
(1) SHARES ISSUED AND REDEEMED:
Shares Issued................................................. 1,582 723 1,398 1,590
Shares Issued in Lieu of Cash Distributions................... 57 90 63 103
Shares Redeemed............................................... (523) (1,026) (1,283) (1,881)
------- -------- -------- --------
Net Increase (Decrease) from Shares Issued and
Redeemed.................................................. 1,116 (213) 178 (188)
======= ======== ======== ========
UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN EXCESS OF
NET INVESTMENT INCOME)......................................... $ 178 $ 102 $ 255 $ 117
----------
* Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively.
See accompanying Notes to Financial Statements.
253
DIMENSIONAL INVESTMENT GROUP INC.
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA TWO-YEAR FIXED INCOME PORTFOLIO
---------------------------------------------------------- --------------
SIX MONTHS YEAR YEAR YEAR YEAR YEAR SIX MONTHS
ENDED ENDED ENDED ENDED ENDED ENDED ENDED
APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, APRIL 30,
2018 2017 2016 2015 2014 2013 2018
---------------------------------------------------------------------------------------------------------------------------------
(UNAUDITED) (UNAUDITED)
Net Asset Value, Beginning of Period................. $ 9.98 $ 10.00 $ 10.02 $ 10.02 $ 10.02 $ 10.07 $ 9.81
------- ------- ------- ------- ------- ------- --------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A)................... 0.08 0.11 0.08 0.04 0.02 0.03 0.07
Net Gains (Losses) on Securities (Realized and
Unrealized)....................................... (0.09) (0.02) (0.01) 0.02 0.01 -- (0.09)
------- ------- ------- ------- ------- ------- --------
Total from Investment Operations.................. (0.01) 0.09 0.07 0.06 0.03 0.03 (0.02)
---------------------------------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income.............................. (0.07) (0.11) (0.07) (0.04) (0.02) (0.03) (0.05)
Net Realized Gains................................. -- -- (0.02) (0.02) (0.01) (0.05) --
------- ------- ------- ------- ------- ------- --------
Total Distributions............................... (0.07) (0.11) (0.09) (0.06) (0.03) (0.08) (0.05)
---------------------------------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period....................... $ 9.90 $ 9.98 $ 10.00 $ 10.02 $ 10.02 $ 10.02 $ 9.74
===================================================== =========== ======== ======== ======== ======== ======== ===========
Total Return......................................... (0.12)%(D) 0.92% 0.74% 0.57% 0.31% 0.26% (0.16)%(D)
---------------------------------------------------------------------------------------------------------------------------------
Net Assets, End of Period (thousands)................ $89,294 $78,815 $81,168 $91,779 $98,961 $94,726 $113,806
Ratio of Expenses to Average Net Assets.............. 0.21%(E) 0.24% 0.29% 0.29% 0.28% 0.29% 0.20%(E)
Ratio of Net Investment Income to Average Net Assets. 1.58%(E) 1.14% 0.75% 0.43% 0.20% 0.27% 1.36%(E)
Portfolio Turnover Rate.............................. 53%(D) 115% 93% 238% 122% 57% 108%(D)
---------------------------------------------------------------------------------------------------------------------------------
DFA TWO-YEAR GOVERNMENT PORTFOLIO
-------------------------------------------------
YEAR YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED
OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31,
2017 2016 2015 2014 2013
-------------------------------------------------------------------------------------------------------
Net Asset Value, Beginning of Period................. $ 9.88 $ 9.90 $ 9.92 $ 9.91 $ 9.96
-------- -------- -------- -------- --------
Income from Investment Operations
---------------------------------
Net Investment Income (Loss) (A)................... 0.09 0.05 0.03 0.01 0.01
Net Gains (Losses) on Securities (Realized and
Unrealized)....................................... (0.07) 0.01 0.01 0.03 0.02
-------- -------- -------- -------- --------
Total from Investment Operations.................. 0.02 0.06 0.04 0.04 0.03
-------------------------------------------------------------------------------------------------------
Less Distributions
------------------
Net Investment Income.............................. (0.09) (0.05) (0.03) (0.01) (0.01)
Net Realized Gains................................. -- (0.03) (0.03) (0.02) (0.07)
-------- -------- -------- -------- --------
Total Distributions............................... (0.09) (0.08) (0.06) (0.03) (0.08)
-------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period....................... $ 9.81 $ 9.88 $ 9.90 $ 9.92 $ 9.91
===================================================== ======== ======== ======== ======== ========
Total Return......................................... 0.19% 0.58% 0.38% 0.39% 0.26%
-------------------------------------------------------------------------------------------------------
Net Assets, End of Period (thousands)................ $112,934 $115,499 $133,648 $145,231 $145,205
Ratio of Expenses to Average Net Assets.............. 0.23% 0.28% 0.28% 0.27% 0.28%
Ratio of Net Investment Income to Average Net Assets. 0.93% 0.55% 0.31% 0.12% 0.05%
Portfolio Turnover Rate.............................. 176% 118% 262% 225% 160%
-------------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes.
See accompanying Notes to Financial Statements.
254
DIMENSIONAL INVESTMENT GROUP INC.
NOTES TO FINANCIAL STATEMENTS
(UNAUDITED)
A. ORGANIZATION:
Dimensional Investment Group Inc. (the "Fund") is an open-end management
investment company registered under the Investment Company Act of 1940, whose
shares are generally offered to institutional investors, retirement plans and
clients of registered investment advisors. The Fund consists of twelve
portfolios, two of which, DFA Two-Year Fixed Income Portfolio and DFA Two-Year
Government Portfolio (the "Portfolios"), are presented in this report. The
remaining operational portfolios are presented in separate reports. The
Portfolios are investment companies, and accordingly, follow the accounting and
reporting guidance under Financial Accounting Standards Board ("FASB")
Accounting Standards Certification ("ASC") Topic 946, "Financial
Services-Investment Companies."
B. SIGNIFICANT ACCOUNTING POLICIES:
The following significant accounting policies are in conformity with
accounting principles generally accepted in the United States of America. Such
policies are consistently followed by the Fund in preparation of its financial
statements. The preparation of financial statements in accordance with
accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the fair
value of investments, the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements, and the reported amounts of increases and decreases in net assets
from operations during the reporting period. Actual results could differ from
those estimates and those differences could be material.
1. SECURITY VALUATION: The Portfolios utilize a fair value hierarchy which
prioritizes the inputs to valuation techniques used to measure fair value into
three broad levels described below:
. Level 1 - inputs are quoted prices in active markets for identical
securities (including equity securities, open-end investment companies,
futures contracts)
. Level 2 - other significant observable inputs (including quoted prices
for similar securities, interest rates, prepayment speeds, credit risk,
etc.)
. Level 3 - significant unobservable inputs (including the Portfolios' own
assumptions in determining the fair value of investments)
Debt securities held by the DFA Two-Year Fixed Income Portfolio and DFA
Two-Year Government Portfolio are valued on the basis of evaluated prices
provided by one or more pricing services or other reasonably reliable sources
including broker/dealers that typically handle the purchase and sale of such
securities. Securities that are traded over-the-counter and on a stock exchange
generally will be valued according to the broadest and most representative
market, and it is expected that for bonds and other fixed income securities,
this ordinarily will be the over-the-counter market. Securities for which
quotations are not readily available (including restricted securities), or for
which market quotations have become unreliable, are valued in good faith at
fair value in accordance with procedures adopted by the Board of Directors of
the Fund. Fair value pricing may also be used if events that have a significant
effect on the value of an investment (as determined in the discretion of
Dimensional Fund Advisors LP) occur before the net asset value of the Portfolio
is calculated. When fair value pricing is used, the prices of securities used
by the Portfolios may differ from the quoted or published prices for the same
securities on their primary markets or exchanges. These securities are
generally categorized as Level 2 in the hierarchy.
A summary of the inputs used to value the Portfolios' investments by each
major security type, industry and/or country is disclosed previously in this
note. Valuation hierarchy tables have been included at the end of the Schedules
of Investments for the Portfolios. The inputs or methodology used for valuing
securities are not necessarily an indication of the risk associated with
investing in those securities.
255
For the six months ended April 30, 2018, there were no significant transfers
between Level 1 and Level 2 and no significant Level 3 investments held by the
Portfolios.
2. DEFERRED COMPENSATION PLAN: Each eligible Director of the Fund may
elect participation in The Fee Deferral Plan for Independent Directors and
Trustees (the "Plan"). Under the Plan, effective January 1, 2002, such
Directors may defer payment of all or a portion of their total fees earned as a
Director. These deferred amounts may be treated as though such amounts had been
invested in shares of the following funds: U.S. Large Cap Value Portfolio; U.S.
Core Equity 1 Portfolio; U.S. Core Equity 2 Portfolio; U.S. Vector Equity
Portfolio; U.S. Micro Cap Portfolio; DFA International Value Portfolio;
International Core Equity Portfolio; Emerging Markets Portfolio; Emerging
Markets Core Equity Portfolio; and/or DFA Two-Year Global Fixed Income
Portfolio. Contributions made under the Plan and the change in unrealized
appreciation (depreciation) and income are included in Directors'/Trustees'
Fees & Expenses.
Each Director has the option to receive their distribution of proceeds in
one of the following methods: lump sum; annual installments over a period of
agreed-upon years; or quarterly installments over a period of agreed-upon
years. Each Director shall have the right in a notice of election (the
"Notice") to defer the receipt of the Director's deferred compensation until a
date specified by such Director in the Notice, which date may not be sooner
than the earlier of: (i) the first business day of January following the year
in which such Director ceases to be a member of the Board of Directors of the
Fund; and (ii) five years following the effective date of the Director's first
deferral election. If a Director who elects to defer fees fails to designate in
the Notice a time or date as of which payment of the Director's deferred fee
account shall commence, payment of such amount shall commence as of the first
business day of January following the year in which the Director ceases to be a
member of the Board (unless the Director files an amended Notice selecting a
different distribution date). As of April 30, 2018, none of the Directors have
requested or received a distribution of proceeds of a deferred fee account.
C. INVESTMENT ADVISOR:
The Advisor, Dimensional Fund Advisors LP, provides investment management
services to the Portfolios. For the six months ended April 30, 2018, the
Portfolios' investment management fees were accrued daily and paid monthly to
the Advisor based on the following effective annual rates of average daily net
assets:
DFA Two-Year Fixed Income
Portfolio................... 0.15%
DFA Two-Year Government
Portfolio................... 0.15%
FEES PAID TO OFFICERS AND DIRECTORS/TRUSTEES:
Certain Officers and Directors of the Advisor are also Officers and
Directors of the Fund; however, such Officers and Directors (with the exception
of the Chief Compliance Officer ("CCO")) receive no compensation from the Fund.
For the six months ended April 30, 2018, the total related amounts paid by the
Fund to the CCO were $16 (in thousands). The total related amounts paid by each
of the Portfolios are included in Other Expenses on the Statement of Operations.
D. DEFERRED COMPENSATION:
At April 30, 2018, the total liability for deferred compensation to
Directors is included in Accrued Expenses and Other Liabilities on the
Statement of Assets and Liabilities as follows (amounts in thousands):
DFA Two-Year Fixed Income
Portfolio................... $5
DFA Two-Year Government
Portfolio................... 7
256
E. PURCHASES AND SALES OF SECURITIES:
For the six months ended April 30, 2018, the Portfolios made the following
purchases and sales of investment securities, other than short-term securities
and in-kind redemptions (amounts in thousands):
U.S. GOVERNMENT OTHER INVESTMENT
SECURITIES SECURITIES
------------------ -----------------
PURCHASES SALES PURCHASES SALES
--------- -------- --------- -------
DFA Two-Year Fixed Income
Portfolio................... $ 7,969 $ 4,753 $42,075 $38,196
DFA Two-Year Government
Portfolio................... 121,593 120,300 -- --
F. FEDERAL INCOME TAXES:
Each Portfolio has qualified and intends to continue to qualify as a
regulated investment company under Subchapter M of the Internal Revenue Code
for federal income tax purposes and to distribute substantially all of its
taxable income and net capital gains to its shareholders. Accordingly, no
provision has been made for federal income taxes.
Distributions from net investment income and net realized capital gains are
determined in accordance with U.S. federal income tax regulations, which may
differ from those amounts determined under accounting principles generally
accepted in the United States of America. These book/tax differences are either
temporary or permanent in nature. To the extent these differences are
permanent, they are charged or credited to paid-in capital, undistributed net
investment income or accumulated net realized gains or losses, as appropriate,
in the period that the differences arise. Accordingly, the following permanent
differences as of October 31, 2017, primarily attributable to tax equalization,
were reclassified to the following accounts. These reclassifications had no
effect on net assets or net asset value per share (amounts in thousands):
INCREASE INCREASE
(DECREASE) (DECREASE)
INCREASE UNDISTRIBUTED ACCUMULATED
(DECREASE) NET INVESTMENT NET REALIZED
PAID-IN CAPITAL INCOME GAINS (LOSSES)
--------------- -------------- --------------
DFA Two-Year Fixed Income
Portfolio................... $15 $(15) --
DFA Two-Year Government
Portfolio................... 19 (19) --
The tax character of dividends and distributions declared and paid during
the years ended October 31, 2016 and October 31, 2017 were as follows (amounts
in thousands):
NET INVESTMENT
INCOME AND
SHORT-TERM LONG-TERM TAX EXEMPT
CAPITAL GAINS CAPITAL GAINS INCOME TOTAL
-------------- ------------- ---------- ------
DFA Two-Year Fixed Income Portfolio
2016................................ $ 809 $ 5 -- $ 814
2017................................ 895 -- -- 895
DFA Two-Year Government Portfolio
2016................................ $ 962 -- -- $ 962
2017................................ 1,008 -- -- 1,008
257
At October 31, 2017, the following net investment income and short-term
capital gains and long-term capital gains distributions designated for federal
income tax purposes are due to the utilization of accumulated earnings and
profits distributed to shareholders upon redemption of shares (amounts in
thousands):
NET INVESTMENT
INCOME AND
SHORT-TERM LONG-TERM
CAPITAL GAINS CAPITAL GAINS TOTAL
-------------- ------------- -----
DFA Two-Year Fixed Income Portfolio.......... $(15) -- $(15)
DFA Two-Year Government Portfolio............ (19) -- (19)
At October 31, 2017, the components of distributable earnings (accumulated
losses) were as follows (amounts in thousands):
UNDISTRIBUTED TOTAL NET
NET INVESTMENT DISTRIBUTABLE
INCOME AND UNDISTRIBUTED UNREALIZED EARNINGS
SHORT-TERM LONG-TERM CAPITAL LOSS APPRECIATION (ACCUMULATED
CAPITAL GAINS CAPITAL GAINS CARRYFORWARDS (DEPRECIATION) LOSSES)
-------------- ------------- ------------- -------------- -------------
DFA Two-Year Fixed
Income Portfolio....... $108 -- $(137) $(133) $(162)
DFA Two-Year Government
Portfolio.............. 124 -- (551) (318) (745)
For federal income tax purposes, the Fund measures its capital loss
carryforwards annually at October 31, its fiscal year end. Capital loss
carryforwards may be carried forward and applied against future capital gains.
Under the Regulated Investment Company Modernization Act of 2010, capital
losses incurred by these Portfolios after October 31, 2011 will not be subject
to expiration and will retain their character as either short-term or long-term
capital losses. In addition, such losses must be utilized prior to the losses
incurred in the years preceding enactment. As of October 31, 2017, the
Portfolios had the following capital loss carryforwards available to offset
future realized capital gains (amounts in thousands):
UNLIMITED TOTAL
--------- -----
DFA Two-Year Fixed Income Portfolio.......... $137 $137
DFA Two-Year Government Portfolio............ 551 551
During the year ended October 31, 2017, the Portfolios did not utilize
capital loss carryforwards to offset realized capital gains for federal income
tax purposes.
At April 30, 2018, the total cost and aggregate gross unrealized
appreciation (depreciation) of securities for federal income tax purposes were
different from amounts reported for financial reporting purposes, as follows
(amounts in thousands):
NET
UNREALIZED
FEDERAL UNREALIZED UNREALIZED APPRECIATION
TAX COST APPRECIATION DEPRECIATION (DEPRECIATION)
-------- ------------ ------------ --------------
DFA Two-Year Fixed
Income Portfolio....... $ 86,783 $ 1 $(572) $(571)
DFA Two-Year Government
Portfolio.............. 113,772 -- (324) (324)
The difference between GAAP-basis and tax-basis unrealized gains (losses) is
attributable primarily to wash sales and net mark to market gains (losses) on
regulated futures contracts, net mark-to-market gain/loss on foreign currency
contracts, and differences in the tax treatment of passive foreign investment
company investments.
ASC 740 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES sets forth a minimum
threshold for financial statement recognition of the benefit of a tax position
taken or expected to be taken in a tax return. Management has analyzed each of
the Portfolio's tax positions and has concluded that no additional provision
for income tax is required in any of the Portfolio's financial statements. The
Portfolios are not aware of any tax positions for which it is more likely than
not that the total amounts of unrecognized tax benefits will significantly
change in the next twelve months. The
258
Portfolios' federal tax returns for the prior three fiscal years remain subject
to examination by the Internal Revenue Service.
G. FINANCIAL INSTRUMENTS:
Summarized below are the specific types of derivative instruments used by
the Portfolios.
1. FUTURES CONTRACTS: The Portfolios may purchase or sell futures
contracts and options on futures contracts to adjust market exposure based on
actual or expected cash inflows to or outflows from the Portfolios. The
Portfolios, however, do not intend to sell futures contracts to establish short
positions in individual securities. When the contracts are closed, the
Portfolios record a realized gain or loss, which is presented in the Statements
of Operations as a net realized gain or loss on futures, equal to the
difference between the value of the contract at the time it was opened and the
value at the time it was closed.
Risks may arise upon entering into futures contracts from potential
imperfect price correlations between the futures contracts and the underlying
securities, from the possibility of an illiquid secondary market for these
instruments and from the possibility that the Portfolios could lose more than
the initial margin requirements. The Portfolio entering into stock index
futures are subject to equity price risk from those futures contracts.
Counterparty credit risk related to exchange-traded futures is minimal because
the exchange's clearinghouse, as counterparty to all exchange-traded futures,
guarantees the futures against default.
H. LINE OF CREDIT AND INTERFUND LENDING PROGRAM:
The Fund, together with other Dimensional-advised portfolios, has entered
into a $500 million uncommitted, unsecured discretionary line of credit
effective March 28, 2018, with its domestic custodian bank. A line of credit
with similar terms was in effect through March 28, 2018. Each portfolio is
permitted to borrow, subject to its investment limitations, up to a maximum of
$500 million, as long as total borrowings under the line of credit do not
exceed $500 million in the aggregate. Borrowings under the line of credit are
charged interest at rates agreed upon by the parties at the time of borrowing.
Each portfolio is individually, and not jointly, liable for its particular
advances under the line of credit. There is no commitment fee on the unused
portion of the line of credit. The agreement for the discretionary line of
credit may be terminated by either party at any time. The agreement for the
line of credit expires on March 27, 2019.
The Fund, together with other Dimensional-advised portfolios, has also
entered into an additional $700 million unsecured line of credit with its
international custodian bank effective January 5, 2018. A line of credit with
similar terms was in effect through January 5, 2018. Each portfolio is
permitted to borrow, subject to its investment limitations, up to a maximum of
$500 million, as long as total borrowings under the line of credit do not
exceed $700 million in the aggregate. Each portfolio is individually, and not
jointly, liable for its particular advances under the line of credit.
Borrowings under the line of credit are charged interest at rates agreed upon
by the parties at the time of borrowing. There is no commitment fee on the
unused portion of the line of credit. The line of credit agreement expires on
January 4, 2019.
The Portfolios did not utilize the lines of credit during the six months
ended April 30, 2018.
Pursuant to an exemptive order issued by the SEC (the "Order"), the
Portfolios may participate in an interfund lending program among certain
portfolios managed by the Advisor. The program allows the participating
portfolios to borrow money from and loan money to each other for temporary or
emergency purposes, subject to the conditions in the Order. A loan can only be
made through the program if the interfund loan rate on that day is more
favorable to both the borrowing and lending portfolios as compared to rates
available through short-term bank loans or investments in overnight repurchase
agreements and money market funds, respectively, as detailed in the Order.
Further, a portfolio may participate in the program only if and to the extent
that such participation is consistent with its investment objectives and
limitations. Interfund loans have a maximum duration of seven days and may be
called on one business day's notice.
The Portfolios did not utilize the interfund lending program during the six
months ended April 30, 2018.
259
I. INDEMNITEES; CONTRACTUAL OBLIGATIONS:
Under the Fund's organizational documents, its officers and directors are
indemnified against certain liabilities arising out of the performance of their
duties to the Fund.
In the normal course of business, the Fund enters into contracts that
contain a variety of representations and warranties that provide general
indemnification. The Fund's maximum exposure under these arrangements is
unknown as this would involve future claims that may be made against the Fund
and/or its affiliates that have not yet occurred. However, based on experience,
the Fund expects the risk of loss to be remote.
J. RECENTLY ISSUED ACCOUNTING STANDARDS:
In March 2017, the Financial Accounting Standards Board (FASB) issued
Accounting Standards Update (ASU) 2017-08 which changes the amortization period
for a callable debt security from the maturity date to the earliest call date.
The ASU is effective for annual periods beginning after December 15, 2018, and
interim periods within those annual periods. At this time, management is
evaluating the implications of these changes on the financial statements.
K. OTHER:
At April 30, 2018, the following number of shareholders held the following
approximate percentages of the stated Portfolios' outstanding shares. One or
more of the shareholders may be omnibus accounts, which typically hold shares
for the benefit of several other underlying investors.
APPROXIMATE
PERCENTAGE
NUMBER OF OF OUTSTANDING
SHAREHOLDERS SHARES
------------ --------------
DFA Two-Year Fixed
Income Portfolio.. 4 100%
DFA Two-Year
Government
Portfolio......... 3 97%
The Portfolios are subject to claims and suits that arise from time to time
in the ordinary course of business (for example, in The Tribune Company
Bankruptcy, certain creditors have filled actions against all shareholders of
The Tribune Company who tendered shared when the Tribune Company went private
in 2007 in a leveraged buy-out transaction, seeking the return of proceeds
received by the shareholders). Although management currently believes that
resolving claims against us, individually or in aggregate, will not have a
material adverse impact on our financial position, or results of operations, or
our cash flows, these matters are subject to inherent uncertainties and
management's view of these matters may change in the future.
L. SUBSEQUENT EVENT EVALUATIONS:
Management has evaluated the impact of all subsequent events on the
Portfolios through the date that the financial statements were issued and has
determined that there are no subsequent events requiring recognition or
disclosure in the financial statements.
260
NOTIFICATION OF SOURCE OF DISTRIBUTIONS PURSUANT TO
RULE 19A-1 UNDER THE INVESTMENT COMPANY ACT OF 1940
As noted in the table provided below, the following Portfolios paid
distributions to shareholders of record, a portion of which is estimated to be
in excess of a Portfolio's current and accumulated undistributed net income.
Please note that this information is being provided to satisfy certain notice
requirements under the Investment Company Act of 1940 and is not being provided
for tax reporting purposes. Tax reporting information for the shareholders of a
Portfolio will not be available until the end of a Portfolio's fiscal year. As
a result, shareholders should not use the information provided in this notice
for tax reporting purposes.
ESTIMATED % BREAKDOWN OF DISTRIBUTION SOURCES
--------------------------------------------
NET INCOME FOR ACCUMULATED
THE CURRENT OR UNDISTRIBUTED
PRECEDING NET PROFITS PAID-IN
FISCAL YEAR, FROM THE SALE SURPLUS
AND ACCUMULATED OF SECURITIES OR OTHER
UNDISTRIBUTED NET OR OTHER CAPITAL
PORTFOLIO NAME INCOME PROPERTIES SOURCE
-------------- ----------------- ------------- --------
DFA Two-Year Fixed Income Portfolio
December 15, 2017................ 84% 0% 16%
DFA Two-Year Government Portfolio
December 15, 2017................ 83% 0% 17%
The ultimate composition of these distributions may vary from the estimates
provided above due to a variety of factors including future income and
expenses, and realized gains and losses from the purchase and sale of
securities.
261
VOTING PROXIES ON FUND PORTFOLIO SECURITIES
A description of the policies and procedures that the Fund uses in voting
proxies relating to securities held in the portfolio is available (1) without
charge, upon request, by calling collect: (512) 306-7400; (2) from the
Advisor's website at http://us.dimensional.com; and (3) on the SEC's website at
http://www.sec.gov. Information regarding how the Advisor votes these proxies
is available from the EDGAR database on the SEC's website at http://www.sec.gov
and from the Advisor's website at http://us.dimensional.com and reflects the
twelve-month period beginning July 1st and ending June 30th.
262
BOARD APPROVAL OF INVESTMENT MANAGEMENT AGREEMENTS
At the Board meeting held on December 14-15, 2017 (the "Meeting"), the Boards
of Directors of DFA Investment Dimensions Group Inc. and Dimensional Investment
Group Inc. (together, the "Board") considered the continuation of the
investment management agreements for each portfolio (collectively, the "Funds")
and, if applicable, a Fund's sub-advisory agreements. For certain Funds,
Dimensional Fund Advisors Ltd. or DFA Australia Limited serves as a
sub-advisor. (The investment management agreements and the sub-advisory
agreements are referred to as the "Management Agreements," and the Advisor and
sub-advisors are referred to as the "Advisor.")
Prior to the Meeting, independent counsel to the Independent Board Members sent
to the Advisor a request for information, which identified the information that
the Independent Board Members wished to receive in order to consider the
continuation of the Management Agreements. The Independent Board Members met
with their independent counsel in advance of the Meeting to discuss the
materials provided by the Advisor, the independent reports prepared by
Morningstar Associates, LLC (the "Morningstar Reports"), and issues related to
the continuation of the Management Agreements. Also in advance of the Meeting,
management provided additional materials to address and respond to questions
that the Independent Board Members posed after their review and analysis of
materials provided by the Advisor and the Morningstar Reports.
At the Meeting, the Board considered a number of factors when considering the
continuation of each Management Agreement for a Fund, including: (i) the
nature, extent and quality of services provided by the Advisor to each Fund;
(ii) the performance of each Fund and the Advisor; (iii) the fees and expenses
borne by each Fund; (iv) the profitability realized by the Advisor from the
relationship with each Fund; and (v) whether economies of scale are realized by
the Advisor with respect to each Fund as it grows larger, and the extent to
which this is reflected in the level of the management fee charged.
When considering the nature and quality of the services provided by the Advisor
to a Fund, the Board reviewed: (a) the scope and depth of the Advisor's
organization; (b) the experience and expertise of its investment professionals
currently providing management services to the Fund; and (c) the Advisor's
investment global advisory capabilities. The Board evaluated the Advisor's
portfolio management process and discussed the unique features of the Advisor's
investment approach. The Board also considered the nature and character of
non-investment advisory services provided by the Advisor, including
administrative services. After analyzing the caliber of services provided by
the Advisor to each Fund, both quantitatively and qualitatively, including the
impact of these services on investment performance, the Board concluded that
the nature, extent and quality of services provided to each Fund were
consistent with the operational requirements of the Fund and met the needs of
the shareholders of the Fund.
In considering the performance of each Fund, the Board analyzed the Morningstar
Reports, which compared the performance of each Fund with other funds in its
respective peer group and investment category. The Board also reviewed the
performance analysis prepared by the Advisor, which presented the performance
of each Fund and its benchmark index, over multiple performance periods, along
with the Advisor's explanation of the performance. The Board concluded that the
Advisor's explanations provided a sound basis for understanding the comparative
performance of the Funds. The Board determined, among other things, that after
considering each Fund's investment strategies and the expectations of its
shareholder base, the performance of each Fund was reasonable as compared with
relevant performance standards and appropriate market indexes.
When considering the fees and expenses borne by each Fund, and considering the
reasonableness of the management fees paid to the Advisor in light of the
services provided to the Fund and any additional benefits received by the
Advisor in connection with providing such services, the Board compared the fees
charged by the Advisor to the Fund to the fees charged to the funds in its peer
group for comparable services as provided in the Morningstar Reports. The Board
concluded that the effective management fees and total expenses of each Fund
over various periods were favorable in relation to those of its peer funds, and
that the management fees were fair, both on an absolute basis and in comparison
with the fees of other funds identified in the peer groups and the industry at
large.
The Board considered the profitability of each Fund to the Advisor by reviewing
the profitability analysis provided by the Advisor, including information about
its fee revenues and income. The Board reviewed the overall profitability of
the Advisor, and the compensation that it received for providing services to
each Fund. The Board considered the profitability to the Advisor of managing
and servicing the Funds and the Advisor's unregistered clients, such as
collective trusts, group trusts and separate accounts. Upon closely examining
the Advisor's profitability, the Board concluded, among other things, that it
was reasonable.
The Board also discussed whether economies of scale are realized by the Advisor
with respect to each Fund as it grows larger, and the extent to which this is
reflected in the level of management fees charged. For several reasons, the
Board concluded that economies of scale and the reflection of such economies of
scale in the level of management fees charged were inapplicable to each Fund at
the present time, due to the current level of fees and expenses and the
profitability of the Fund.
After full consideration of the factors discussed above, with no single factor
identified as being of paramount importance, the Board, including the
Independent Board Members, with the assistance of independent counsel,
concluded that the continuation of the Management Agreement for each Fund was
in the best interests of the Fund and its shareholders.
263
DFA043018-024S
[LOGO] 00211515
ITEM 2. CODE OF ETHICS.
Not applicable when filing a semi-annual report to shareholders.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Not applicable when filing a semi-annual report to shareholders.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Not applicable when filing a semi-annual report to shareholders.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
This item is not applicable to the Registrant because it is not a listed issuer.
ITEM 6. INVESTMENTS.
(a)Not applicable.
(b)Not applicable.
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END
MANAGEMENT INVESTMENT COMPANIES.
This item is not applicable to the Registrant, which is an open-end management
investment company.
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
This item is not applicable to the Registrant, which is an open-end management
investment company.
ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT
COMPANY AND AFFILIATED PURCHASERS.
This item is not applicable to the Registrant, which is an open-end management
investment company.
ITEM 10.SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
None.
ITEM 11.CONTROLS AND PROCEDURES.
(a) Based on their evaluation of the Registrant's disclosure controls and
procedures as of a date within 90 days of the filing date of this Form
N-CSR/A (the "Report"), the Registrant's Co-Principal Executive
Officers and Principal Financial Officer believe that the disclosure
controls and procedures (as defined in Rule 30a-3(c) under the
Investment Company Act of 1940, as amended) are effectively designed
to ensure that information required to be disclosed by the Registrant
in the Report is recorded, processed, summarized and reported by the
filing date, including ensuring that information required to be
disclosed in the Report is accumulated and communicated to the
Registrant's officers that are
making certifications in the Report, as appropriate, to allow timely
decisions regarding required disclosure. The Registrant's management,
including the Co-Principal Executive Officers and the Principal
Financial Officer, recognizes that any set of controls and procedures,
no matter how well designed and operated, can provide only reasonable
assurance of achieving the desired control objectives.
(b) There were no changes in the Registrant's internal control over
financial reporting (as defined in Rule 30a-3(d) under the Investment
Company Act of 1940, as amended) that occurred during the second
fiscal quarter of the period covered by this Report that have
materially affected, or are reasonably likely to materially affect,
the Registrant's internal control over financial reporting.
ITEM 12.DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT
INVESTMENT COMPANIES.
This item is not applicable to the Registrant, which is an open-end management
investment company.
ITEM 13.EXHIBITS.
(a)(1)This item is not applicable.
(a)(2)Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of
2002 are filed herewith.
(a)(3)This item is not applicable.
(b) Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of
2002 are filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the Registrant has duly caused this Report to
be signed on its behalf by the undersigned, thereunto duly authorized.
Dimensional Investment Group Inc.
By: /s/ David P. Butler
------------------------------------
David P. Butler
Co-Chief Executive Officer
Date: August 31, 2018
By: /s/ Gerard K. O'Reilly
------------------------------------
Gerard K. O'Reilly
Co-Chief Executive Officer and
Chief Investment Officer
Date: August 31, 2018
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this Report has been signed below by the
following persons on behalf of the Registrant and in the capacities and on the
dates indicated.
By: /s/ David P. Butler
------------------------------------
David P. Butler
Co-Principal Executive Officer
Dimensional Investment Group Inc.
Date: August 31, 2018
By: /s/ Gerard K. O'Reilly
------------------------------------
Gerard K. O'Reilly
Co-Principal Executive Officer
Dimensional Investment Group Inc.
Date: August 31, 2018
By: /s/ Gregory K. Hinkle
------------------------------------
Gregory K. Hinkle
Principal Financial Officer
Dimensional Investment Group Inc.
Date: August 31, 2018